
Trade Finance In Wartime
The huge drop-off in trade involving Russia and Ukraine has hit trade finance hard.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Sri Lanka economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Sri Lanka best banks and safest banks are also available.
Sri Lanka has an open business environment, but challenges—not least its recovery from the civil war that ended in 2009—remain.
USD 6.9 billion (2018)
International Monetary Fund (IMF), data October 2019
Intl$ 290.6 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
6.8% | 6% | 3.5% | 8% | 8.4% | 9.1% | 3.4% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
5% | 5% | 4.5% | 3.3% | 3% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.13% | 0.14% | 0.16% | 0.18% | 0.22% |
*Estimate
(2018 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
2.2% | 4% | 6.6% | 4.3% | 4.1% |
*Estimate
2015 | 2016 | 2017* | 2018* | 2019* |
4.7% | 4.4% | 4.4% | 4.4% | 4.4% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
78.5% | 79% | 77.4% | 83.3% | 83% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-7% | -5.3% | -5.5% | -5.3% | -5.7% |
*Estimate
Standard & Poor's: B
Moody's: B2
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
USD 18.7 billion | USD 19.0 billion | USD 15.6 billion |
-3.2 % (2018 estimate)
22.8% (2018)
0.06% (2018)
0.15% (2018)
Textiles and apparel, tea and spices; rubber manufactures; precious stones; coconut products, fish
Petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs
US 24.6%, UK 9%, India 5.8%, Singapore 4.5%, Germany 4.3%, Italy 4.3% (2017)
India 22%, China 19.9%, Singapore 6.9%, UAE 5.7%, Japan 4.9% (2017)
2016 | 2017 | 2018 |
USD 897 million | USD 1,373 million | USD 1,611 million |
2016 | 2017 | 2018 |
USD 237 million | USD 72 million | USD 68 million |
2015 | 2016 | 2017 | 2018 |
USD 19 million | USD 62 million | N/A | N/A |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
99 out of 190 countries
Subcategories:
Starting a Business: 85 out of 190 countries
Dealing with Construction Permits: 66 out of 190 countries
Getting Electricity: 89 out of 190 countries
Registering Property: 138 out of 190 countries
Getting Credit: 132 out of 190 countries
Protecting Minority Investors: 28 out of 190 countries
Paying Taxes: 142 out of 190 countries
Trading across Borders: 96 out of 190 countries
Enforcing Contracts: 164 out of 190 countries
Resolving Insolvency: 94 out of 190 countries
84 out of 141 countries
(2019)
Ranking: 115 / Score: 56.4 (Mostly unfree)
(100=totally free 0=totally repressed)
Colombo (commercial capital); Sri Jayewardenepura Kotte (legislative capital)
Sinhala (official and national language) 87%, Tamil (official and national language) 28.5%, English 23.8% (2012 est.)
Buddhist (official) 70.2%, Hindu 12.6%, Muslim 9.7%, Roman Catholic 6.1%, other Christian 1.3%, other 0.05% (2012 est.)
1990 | 2000 | 2010 | 2015 | 2020* |
17.33 million | 18.78 million | 20.2 million | 20.97 million | 22.18 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
16.4% | 18.6% | 18.4% | 18.5% |
Total population: 91.9%
Male: 93%
Female: 91%
Definition: age 15 and over can read and write (2017 est.)
10.1% (last available estimate, 2016)
39.8 (last available estimate, 2016)
(0=perfect equality, 100=absolute inequality)
Partly Free
Political Rights: 3
Civil Liberties: 4 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 11.6% Mobile: 115.1% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)