Sri Lankan Economy

BUSINESS INDUSTRY UPDATES

MARKET OVERVIEW OF “FOREIGN DIRECT INVESTMENT” (FDI) IN SRI LANKA

Sri Lanka is a lower middle-income country. Gross
domestic product (GDP) was $84.5 billion and per capita
GDP was $3,815 in 2021.

Foreign direct investment (FDI) into Sri Lanka increased
to $784 million in 2021, in comparison to $670 million in
2020, after decreasing from $793 million in 2019 and $1.6
billion in 2018.

Recent FDI was concentrated in

Real estate
Mixed development projects
Ports
Telecommunications sectors
The tourism sector, with around two million tourist
arrivals per year (before the global COVID-19
pandemic) and a variety of cultural, wildlife, and
outdoor offerings, is a priority sector for the
government’s economic recovery plan.

INVESTMENT OPPORTUNITIES IN SRI LANKA

Tourism & Leisure

Potential areas for investment
Tourist Accommodation & Services (Hotels /
Resorts / Villas/ Higher-end restaurants)
Leisure & Recreational (Golf Course,
Entertainment Complexes, Theme Parks,
Tourist
Shopping Complexes, Eco-Lodges, Camping,
Whale & Dolphin Watching, water Sports)
Adventure & Eco Tourism (Adventure parks)
Transportation (Yacht Marina, Coastal Ferry
Services, Cruise Lines)
Skill Development: Hotel / Hospitality Training
Institutes

SRI LANKA ECONOMIC DATA

BOI Zones in Sri Lanka

BOI Zones (Board of Investment Zones) in Sri Lanka are special economic zones established by the Sri Lankan government to promote foreign direct investment (FDI) and exports. These zones provide a range of incentives and benefits to investors, including tax exemptions, duty-free imports of machinery and raw materials, streamlined administrative procedures, and other facilities.