According to the United Nations Economic Commission for Asia and the Pacific, the production of leather goods last year helped Sri Lanka boost its Gross Domestic Product (GDP) growth rate to 5.7%, from 4.3% the year before.

Though specific figures were not available, the same report states that buoyant exports of leather goods helped stabilise the country’s trade deficit at around 8%.

The export value of all merchandise increased by 20.4% and import value increased by 18%, while inflation increased to 5.7%.

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