Sri Lanka, March 25 -- Sri Lanka's official unemployment rate slipped to 4.3 percent in the final quarter of last year from 4.7 percent in the quarter before as the economy expanded in the final three months of the year. This is roughly thrice the pace of the third quarter growth, data released by the Census and Statistics Department showed.

Sri Lanka's Gross Domestic Product (GDP), the value of total products by an economy, expanded by 4.5 percent in the fourth quarter of last year from 1.6 percent in the third quarter as the country was recovering from the shortage of foreign currency which reached a breaking point in early 2022.

As now the country generates US$ 825 million from both remittances and tourism every month, the worst of t...