Source
Central bank

Central Bank of Sri Lanka

International Reserves

US$ 7.500 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 71 billion (2014 estimate)

GDP (Purchasing Power Parity)

148 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
5.9% 5.4% 6.2%

7.7%

6.8% 6.0% 3.5% 8.0%
2011 2012 2013 2014*        
8.2% 6.3% 7.3% 7.0%        

*Estimate

GDP per capita - current prices

US$ 3,385 (2014 estimate)

GDP per capita - PPP

$7,046 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.10% 0.11% 0.12% 0.14% 0.16%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 10.6% 
  • industry: 32.4% 
  • services: 57% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
6.7% 7.5% 6.9% 4.7%

*Estimate

Unemployment rate
2011 2012 2013 2014*
4.1% 4.0% 4.0% 4.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
N/A N/A N/A N/A N/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-8.0% -6.9% -6.4% -5.8% -5.3%

*Estimate   

Government bond ratings

Standard & Poor's: B+

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2011* 2012 2013**
US$19.44 billion US$17.05 billion US$18.48 billion

*2011 Estimate    **2013 Estimate 

Largest companies in Sri Lanka

N/A

 
 
Source
Current account balance

US$ -2.673 billion (2014 estimate)

Current account balance by percentage of GDP

-3.767% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

22.5% (2013)

Shares in world total merchandising export

0.05% (2012)

Shares in world total commercial services export

0.09% (2012)

Total exports

US$10.390 billion (2013 estimate) 

Export commodities

textiles and apparel, tea and spices; rubber manufactures; precious stones; coconut products, fish

Total imports

US$18.000 billion (2013 estimate) 

 
 
Source
Import commodities

petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs

Exports - major partners

US 20.4%, UK 9.9%, India 5.8%, Italy 4.7%, Belgium 4.3%, Germany 4.3% (2012)

Imports - major partners

India 22.7%, Singapore 8.8%, UAE 7.7%, China 7%, Iran 6.1%, Malaysia 4.5% (2012)

FDI inflows
2011 2012 2013
US$981 million US$941 million US$916 million  
FDI outflows
2011 2012 2013  
US$60 million US$64 million US$65 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$0 US$6 million US$1 million US$0
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 85 out of 189 countries (2013)

Subcategories:

Starting a business: 54 out of 189 countries

Enforcing Contracts: 135 out of 189 countries

Registering Property: 145 out of 189 countries

Getting credit: 73 out of 189 countries

Protecting investors: 52 out of 189 countries

Trading across border: 51 out of 189 countries

Paying Taxes: 171 out of 189 countries

Dealing with Construction Permits: 108 out of 189 countries

Getting Electricity: 91 out of 189 countries

Resolving Insolvency: 59 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

73

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 90 Score: 60.0 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+5.5

Total area

65,610 sq km

Capital

Colombo; note - Sri Jayewardenepura Kotte is the legislative capital

Currency

Sri Lankan rupees (LKR)

Government type

republic

Languages

Sinhala (official and national language) 74%, Tamil (national language) 18%, other 8%

Religions

Buddhist 69.1%, Muslim 7.6%, Hindu 7.1%, Christian 6.2%, unspecified 10% (2001 census provisional data)

Total population
1990 2000 2010 2014* 2019**
16.267 million 18.467 million 20.401 million 20.964 million 21.69 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
16.4% 19% 18% 18%
Population median age

31.8 years (est. 2014)

Population growth rate

0.86% (2014 est.)

Life expectancy

76.35 years (2014 estimate)

Adult literacy

91.2% (2010 estimate)

% of population living on less than $2 a day

29.13% (2011)

Inequality of wealth distribution (Gini index)

40.26 (2007)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

104.2% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

15% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Colombo: 154th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

0.6124 (Data were released in 2012 and refer to 2009)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World's Best Supply Chain Finance Providers

World's Best Subcustodian Banks

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards