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Sri Lanka's Economy At a Glance

Updated as on May, 2018

 

KEY ECONOMIC INDICATORS OF SRI LANKA
  Unit 2010 2011 2012 2013 2014 2015 2016 (a) 2017 H1 (a)
I. Real Sector                  
Per Capita GDP (b) (c) US$ 2,744 3,125 3,351 3,609 3,821 (d) 3,843 (a)(d) 3,835 n.a.
Real GDP Growth (b) % 8.0 (e) 8.4 9.1 3.4 5.0 (d) 4.8 (a)(d) 4.4 4.0
GDP (MP) (b) Billion US$ 56.7 65.3 68.4 74.3 79.4 (d) 80.6 (a)(d) 81.3 42.0
Agriculture (b) % of GDP 8.5 8.2 7.8 7.8 7.8 (d) 7.8 (a)(d) 7.1 7.1
Industry (b) % of GDP 26.6 26.9 26.8 27.0 26.9 (d) 26.2 (a)(d) 26.8 28.7
Services (b) % of GDP 54.6 54.9 55.9 56.2 56.1 (d) 56.6 (a)(d) 56.5 58
Taxes less Subsidies on products (b) % of GDP 10.2 10.0 9.4 9.0 9.2 (d) 9.4 (a)(d) 9.6 6.2
Investment (b) % of GDP 30.4 33.4 39.1 33.2 32.3 (d) 28.4 (a)(d) 31.5 32.8
National Savings (b) % of GDP 28.5 26.3 33.3 29.9 29.8 (d) 26.0 (a)(d) 28.9 n.a.
Headline Inflation (f) % 6.2 6.7 7.6 6.9 3.3 0.9 3.7 n.a.
- Food Inflation % 6.9 8.8 4.7 7.9 3.8 4.9 4.4 n.a.
- Non-Food Inflation % 5.6 5.0 10.0 6.1 2.8 -2.5 3.1 n.a.
- Core inflation % 7.0 6.9 5.8 4.4 3.5 3.1 5.1 n.a.
Headline Inflation (g) % - - - - - 2.2 4.0 5.5
- Food Inflation % - - - - - 5.5 6.1 7.6
- Non-Food Inflation % - - - - - 1.0 3.1 4.6
- Core inflation % - - - - - 4.9 4.4 5.5
II. Fiscal Sector                  
Revenue Collection Billion US$ 7.2 8.8 8.2 8.8 9.2 10.7 11.6 5.8
Fiscal Deficit (excluding grants) (b) % of GDP -7.2 -6.4 -5.8 -5.5 -5.8 -7.6 -5.5 -2.6
Fiscal Deficit (including grants) (b) % of GDP -7.0 -6.2 -5.6 -5.4 -5.7 -7.6 -5.4 -2.6
Public Debt (b) % of GDP 71.6 71.1 68.7 70.8 71.3 77.6 79.3 n.a.
- of which foreign debt (b) % of GDP 31.6 32.3 31.7 30.9 30.0 32.4 34.2 n.a.
- domestic debt (b) % of GDP 40.0 38.8 37.0 40.0 41.3 45.3 45.1 n.a.
- debt servicing % of total revenue 100.4 92.5 96.8 102.2 90.0 90.6 80.2 117.8
III. External Sector                  
Exports (f.o.b) Billion US$ 8.6 10.6 9.8 10.4 11.1 10.5 10.3 5.4
Imports (c.i.f.) Billion US$ 13.5 20.3 19.2 18.0 19.4 18.9 19.2 (d) 10.1
Trade Deficit Billion US$ -4.8 -9.7 -9.4 -7.6 -8.3 -8.4 -8.9 (d) -4.8
Remittances Billion US$ 4.1 5.1 6.0 6.4 7.0 7.0 7.2 3.4
Earnings from Tourism Billion US$ 0.6 0.8 1.0 1.7 2.4 3.0 3.5 1.7
Current Account Balance Billion US$ -1.1 -4.6 -4.0 -2.5 -2.0 -1.9 -1.9 -1.5
Current Account Balance (b) % of GDP -1.9 -7.1 -5.8 -3.4 -2.5 -2.3 -2.4 -
Major Inflows to the Financial Account                  
- Foreign Loans (net) Billion US$ 2.7 2.9 -3.1 -1.1 -1.7 -0.8 -0.8 -1.3
- Foreign Direct Investment (net) Billion US$ 0.4 0.9 -0.9 -0.9 -0.8 -0.6 -0.7 -0.4
- Portfolio Investment : Equity (net) Billion US$ -0.2 -0.2 -0.3 -0.2 -0.2 0.1 -0.0 -0.2
- Portfolio Investment : Securities (net) Billion US$ 1.5 1.2 -1.9 -1.8 -1.9 -0.7 -1.0 -0.8
- Trade Credits (net) Billion US$ -1 -0.2 0.7 0.5 0.8 0.5 -0.2 -0.2
External Debt and Forex Liabilities outstanding Billion US$ 21.4 32.7 37.1 39.9 42.9 44.8 46.6 49.2
External Debt and Forex Liabilities to GDP (b) % 37.8 50.2 54.2 53.7 54.1 55.7 57.3 60.2
Short-term debt to GDP (b) % 10.6 11.1 10.8 10.1 9.1 9.5 9.0 9.5
External Debt Servicing Ratio % of forex earnings 11.9 9.3 13.5 18.7 14.5 19.2 17.6 23.0
Exchange Rate (Annual Average) Per US$ 113.1 110.6 127.6 129.1 130.6 135.9 145.6 151.5
Total Foreign Assets Billion US$ 8.6 8.0 8.6 8.6 9.9 9.3 8.4 9.1
IV. Monetary & Capital Market                  
Growth Rate of M1 y-o-y 20.9 7.7 2.6 7.7 26.3 16.8 8.6 6.8
Growth Rate of M2 y-o-y 18.0 20.9 18.3 18.0 13.1 17.2 18.9 22.5
Growth Rate of M2b y-o-y 15.8 19.1 17.6 16.7 13.4 17.8 18.4 21.2
Weighted Avg Lending Rate % 14.8 13.4 16.0 15.2 11.9 11.0 13.2 13.7
Credit growth to Private Sector (As per M2b) % 24.9 34.5 17.6 7.5 8.8 25.1 21.9 18.6
All Share Price Index (ASPI) (1985=100) 6,635.9 6,074.4 5,643.0 5,912.8 7,299.0 6,894.5 6,228.3 6,747.1
Milanka Price Index (MPI) (1998 Dec=1,000) 7,061.5 5,229.2 5,119.1 - - - - -
S&P SL 20 Index (2004 Dec=1,000) n.a. n.a. 3,085.3 3,263.9 4,089.1 3,625.7 3,496.4 3,933.5
Market Capitalisation (as leading stock mkt) Domestic Currency in Billion 2,210.5 2,213.9 2,167.6 2,459.9 3,104.9 2,938.0 2,745.4 3,041.2
Market Capitalisation (as leading stock mkt) % of GDP 34.5 30.7 24.8 25.6 30.0 26.8 23.2 47.7
Market Capitalisation (as leading stock mkt) Billion US$ 19.9 19.4 17.0 18.8 23.7 20.4 18.3 19.8
V. Banking Sector Indicators                  
Capital adequacy ratio % 16.2 16.0 16.4 17.6 16.6 15.4 15.6 15.0
Non performing loans ratio (Net IIS) % 5.4 3.8 3.7 5.6 4.2 3.2 2.6 2.7
Profitability (R.O.E.) (After Tax) % 22.0 19.8 20.3 16.0 16.6 16.2 17.3 18.2
Profitability (R.O.A.) (Before Tax) % 2.7 2.4 2.4 1.9 2.0 1.9 1.9 2.0
(a) Provisional
(b) The data is based on the base year 2010 GDP estimates of Department of Census and Statistics
(c) Estimates updated with latest population figures
(d) Revised
(e) Data is under the 2002 base year
(f) Based on CCPI (2006/07=100)
(g) Based on CCPI (2013=100)
n.a. - Not available