Economic Collapse in Sri Lanka (HSC SSCE Economics): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Sri Lanka's worst economic crisis year
Sri Lanka's worst economic crisis year
July 2022
Sri Lanka foreign reserves: 2019 vs 2022
Sri Lanka foreign reserves: 2019 vs 2022
USD 8 billion (2019) to near-zero (2022)
Sri Lanka GDP change in 2022
Sri Lanka GDP change in 2022
Contracted 7.8%
Sri Lankan rupee depreciation by end 2022
Sri Lankan rupee depreciation by end 2022
81%
Sri Lanka inflation rate in 2022
Sri Lanka inflation rate in 2022
57%
Job losses in Sri Lanka during 2022 crisis
Job losses in Sri Lanka during 2022 crisis
500,000
IMF debt relief program for Sri Lanka (amount)
IMF debt relief program for Sri Lanka (amount)
USD 2.9 billion
India's financial support to Sri Lanka
India's financial support to Sri Lanka
Over USD 4 billion
Sri Lanka central bank interest rate increase
Sri Lanka central bank interest rate increase
10 percentage points
Sri Lanka external debt as % of GDP (2023)
Sri Lanka external debt as % of GDP (2023)
75%