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Sri Lanka's Economy At a Glance

Updated as on September, 2016

 

KEY ECONOMIC INDICATORS OF SRI LANKA
  Unit 2010 2011 2012 2013 2014 2015
I. Real Sector              
Per Capita GDP (a) US$ 2,744 (e) 3,129 (e) 3,351 3,610 3,853 3,924
Real GDP Growth (b) % 8 8.4 9.1 3.4 4.9 4.8
GDP (MP) (a) Billion US$ 56.7 65.3 68.4 74.3 80 82.3
Agriculture (a) (c) % of GDP 8.5 8.8 7.4 7.7 7.8 7.9
Industry (a) (c) % of GDP 26.6 28 30.1 29.2 26.7 26.2
Services (a) (c) % of GDP 54.6 55.1 55.6 56.4 56.3 56.6
Investment (d) % of GDP n.a. n.a. n.a. n.a. n.a. n.a.
National Savings (d) % of GDP n.a. n.a. n.a. n.a. n.a. n.a.
Headline Inflation (f) % 6.2 6.7 7.6 6.9 3.3 0.9
- Food Inflation % 6.9 8.8 4.7 7.9 3.8 4.9
- Non-Food Inflation % 5.6 5 10 6.1 2.8 -2.5
- Core inflation % 7 6.9 5.8 4.4 3.5 3.1
II. Fiscal Sector              
Revenue Collection Billion US$ 7.2 8.8 8.2 8.8 9.2 10.7
Fiscal Deficit (excluding grants) (a) % of GDP -7.2 -6.4 -5.8 -5.5 -5.8 -7.4
Fiscal Deficit (including grants) (a) % of GDP -7 -6.2 -5.6 -5.4 -5.7 -7.4
Public Debt (a) % of GDP 71.6 71.1 68.7 70.8 70.7 76
- of which foreign debt (a) % of GDP 31.6 32.3 31.7 30.9 29.8 31.7
- domestic debt (a) % of GDP 40.0 38.8 37.0 40.0 40.9 44.3
- debt servicing % of total revenue 100.4 92.5 96.8 102.2 90.0 90.6
III. External Sector              
Exports (f.o.b) Billion US$ 8.6 10.6 9.8 10.4 11.1 10.5
Imports (f.o.b.) Billion US$ 13.5 20.3 19.2 18.0 19.4 18.9
Trade Deficit Billion US$ -4.8 -9.7 -9.4 -7.6 -8.3 -8.4
Remittances Billion US$ 4.1 5.1 6.0 6.4 7.0 7.0
Earnings from Tourism Billion US$ 0.6 0.8 1.0 1.7 2.4 3.0
Current Account Balance Billion US$ -1.1 -4.6 -4.0 -2.5 -2.0 -2.0
Current Account Balance (a) % of GDP -1.9 -7.1 -5.8 -3.4 -2.5 -2.4
Major Inflows to the Financial Account              
- Foreign Loans (net) Billion US$ 2.7 2.9 3.1 1.1 1.7 0.7
- Foreign Direct Investment (net) Billion US$ 0.4 0.9 0.9 0.9 0.8 0.6
- Portfolio Investment : Equity (net) Billion US$ -0.2 -0.2 0.3 0.2 0.2 -
- Portfolio Investment : Securities (net) Billion US$ 1.5 1.2 1.3 1.8 1.9 0.7
- Trade Credits (net) Billion US$ -1 -0.2 -0.7 -0.5 -0.5 -0.4
External Debt and Forex Liabilities outstanding Billion US$ 24.8 32.7 37.1 39.9 42.9 44.8
External Debt and Forex Liabilities to GDP (a) % 37.8 50.2 54.2 53.7 53.6 54.4
Short-term debt to GDP (a) % 10.6 11.1 9.4 9.1 9.1 9.2
External Debt Servicing Ratio % of forex earnings 11.9 9.3 13.5 18.7 14.5 9.5
Exchange Rate (Annual Average) Per US$ 113.1 110.6 127.6 129.1 130.6 135.9
Total Foreign Assets Billion US$ 8.6 8.0 8.6 8.6 9.9 9.3
IV. Monetary & Capital Market              
Growth Rate of M1 y-o-y 20.9 7.7 2.6 7.7 26.3 16.8
Growth Rate of M2 y-o-y 18.0 20.9 18.3 18.0 13.1 17.2
Growth Rate of M2b y-o-y 15.8 19.1 17.6 16.7 13.4 17.8
Weighted Avg Lending Rate % 14.8 13.44 15.98 15.18 11.91 11
Credit growth to Private Sector (As per M2b) % 24.9 34.5 17.6 7.5 8.8 25.1
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
Milanka Price Index (MPI) (1998 Dec=1000) 7,061.5 5,229.2 5,119.1 - - -
S&P SL 20 Index (2004 Dec=1000) n.a. n.a. 3,085.3 3,263.9 4,089.1 3,625.7
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
Market Capitalisation (as leading stock mkt) % of GDP 34.5 30.7 24.8 25.6 29.7 26.3
Market Capitalisation (as leading stock mkt) Billion US$ 19.9 19.4 17.1 18.8 23.7 20.4
V. Banking Sector Indicators              
Capital adequacy ratio % 14.3 16 16.3 17.6 16.6 14.2
Non performing loans ratio (Net IIS) %   3.8 3.7 5.6 4.2 3.2
Profitability (R.O.E.) (After Tax) % 22.4 19.8 20.3 16.0 16.6 16.1
Profitability (R.O.A.) (Before Tax) %   2.4 2.5 2.0 2.0 1.9
(a) From 2010 to 2015H1, data based on rebased estimates [(2010) prices] published by the Department of Census and Statistics
(b) From 2011 to 2015H1, data based on rebased estimates [(2010) prices] published by the Department of Census and Statistics
(c) Value added at basic price from 2010 to 2015H1
(d) Expenditure approach estimates under new method is not yet available for 2010 to 2015H1
(e) Updated with latest population figures
(f) Data for 2002 and 2003 are based on CCPI(1952=100), from 2004-2008 are based on CCPI(2002=100) and from 2009 onwards are based on CCPI(2006/07=100),
n.a. - Not available