Macroeconomic Trends in Sri Lanka (from 2003 to 2013)

Abstract

Macroeconomic mainly include in overall performance in the economy. In that, Macro economic objectives and macroeconomic variables are got a special place. In this article is expected to analyze overall economic growth, price stability, unemployment and trade balance as macroeconomic variables. According to that, this article is focused to examine macroeconomic trends in Srilankan economy from 2003 to 2013. For this study secondary data have been used by using Central bank reports. By studying above variables in the economy, can able to become a logical consumer. According to analyze the economic growth has increased in 2013. The industry sector is provided a major contribution for GDP. Macroeconomic stability is a necessary condition for high economic growth. But the stability of macroeconomic environment weakens in creating an uncertainty economy with inflation. When the last years (covering 2003-2013) are considered, unemployment rate has decreased rapidly. It is good position for developing the country. But trade deficit has increased. That is a main problem for stability of the country. Finally, we can conclude that the country needs to achieve the goals the Socio Economic stability.