Source
Central bank

Central Bank of Sri Lanka

International Reserves

USD 6.6 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 87.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 255.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
7.7% 6.8% 6% 3.5% 8% 8.4% 9.2%
2013 2014 2015 2016* 2017*    
3.4% 4.9% 4.8% 5% 5%    

*Estimate

GDP per capita - current prices

USD 4,095.3 (2017, estimate)

GDP per capita - PPP

Intl$ 11,919.6 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.13% 0.14% 0.16% 0.18% 0.2%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 8.5% 
  • industry: 30.9% 
  • services: 60.6%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
6.9% 3.3% 0.9% 4.1% 5.3%

*Estimate

Unemployment rate
2013 2014 2015* 2016* 2017*
4.0% 4.0% 4.0% 4.0% 4.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
78.3% 75.5% 76% 77.2% 75.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-6% -6.7% -6.9% -5.4% -4.7%

*Estimate   

Government bond ratings

Standard & Poor's: B+

Moody's: B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 18.8 billion USD 23.7 billion USD 20.8 billion
Largest companies

N/A

 
 
Source
Current account balance

USD -2.5 billion (2017 estimate)

Current account balance by percentage of GDP

-2.8% (2017 estimate)

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

20.5% (2015)

Shares in world total merchandising export

0.06% (2015)​

Shares in world total commercial services export

0.1% (2015)

Total exports

USD 10.1 billion (2016 estimate)

Export commodities

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

Total imports

USD 18.6 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

US 26%, UK 9%, India 7.2%, Germany 4.3% (2015)

Imports - major partners

India 24.6%, China 20.6%, UAE 7.2%, Singapore 5.9%, Japan 5.7% (2015)

FDI inflows
2013 2014 2015
USD 933 million USD 894 million USD 681 million
FDI outflows
2013 2014 2015
USD 65 million USD 67 million USD 53 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 0.9 million N/A USD 25.0 million USD 44.5 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

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: 110 out of 190 countries (2017)

Subcategories:

Starting a business: 74 out of 190 countries

Enforcing Contracts: 163 out of 190 countries

Registering Property: 155 out of 190 countries

Getting Credit: 118 out of 190 countries

Protecting Minority Investors: 42 out of 190 countries

Trading Across Borders: 90 out of 190 countries

Paying Taxes: 158 out of 190 countries

Dealing with Construction Permits: 88 out of 190 countries

Getting Electricity: 86 out of 190 countries

Resolving Insolvency: 75 out of 190 countries

Global competitiveness ranking

71 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 93 / Score: 59.88 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+5.5

Total area

65,610 sq km

Capital

Colombo

Currency

Sri Lankan rupees (LKR)

Government type

Presidential republic

Languages

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

Note: English, spoken competently by about 10% of the population, is commonly used in government and is referred to as the link language in the constitution

Religions

Buddhist (official) 70.2%, Hindu 12.6%, Muslim 9.7%, Roman Catholic 6.1%, other Christian 1.3%, other 0.05% (2012 est.)

Total population
1990 2000 2010 2016* 2021*
16.267 million 18.467 million 20.401 million 21.252 million 21.987 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
16% 19% 18% 18%
Population median age

32.5 years (2016 estimate)

Population growth rate

0.8% (2016 estimate)

Life expectancy

76.8 years (2016 estimate)

Literacy

Total population: 92.6%
Male: 93.6%
Female: 91.7% (2015 est.)

(age 15 and over can read and write) 

% of population living on less than $3.10 a day

3.0% (2012)

Inequality of wealth distribution (Gini index)

39.2 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 4 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 15.21%   Mobile 110.59% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

29.99% (2015)

Mercer Cost of living index

N/A

CO2 emissions

0.8 (2013)

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