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 in Sri Lanka

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 (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 2015 (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. 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(ranking by country on a basis of 144, the first is the best)

71 out of 138 countries

(2016-2017)

Index of Economic FreedomWSJ and Heritage Foundation

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; 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 (2014 est.)

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

23.9% (2010)

Inequality of wealth distribution (Gini index)

36.4 (2010)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 5
Civil Liberties: 4 (2014)

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

Source
Total telephone subscribers as % of population

Fixed 12.7%   Mobile 95.5% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

21.90% (2013)

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 164th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.6 (2010)

World's Best Developed & Emerging Markets Banks

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World's Best Subcustodian Banks

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards