| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Sri Lanka Economy 2013
http://www.theodora.com/wfbcurrent/sri_lanka/sri_lanka_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on February 20, 2013

Economy - overview:
Sri Lanka continues to experience strong economic growth following the end of the 26-year conflict with the Liberation Tigers of Tamil Ellam (LTTE). The government has been pursuing large-scale reconstruction and development projects supplemented with private investment in its efforts to spur growth in war-torn and disadvantaged areas, develop small and medium enterprises and increase agricultural productivity. The government's high debt payments and bloated civil service have contributed to historically high budget deficits, but economic reforms in recent years in line with IMF recommendations have helped bring down the government's fiscal deficit. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis. Growth slowed to 3.5% in 2009. Economic activity rebounded strongly with the end of the war and an IMF agreement, resulting in three straight years of high growth in 2010-12. Per capita income of $6,100 on a purchasing power parity basis is among the highest in the region.

GDP (purchasing power parity):
$126.2 billion (2012 est.)
country comparison to the world: 67

$118.2 billion (2011 est.)
$109.2 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$59.77 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.8% (2012 est.)
country comparison to the world: 28

8.3% (2011 est.)
7.8% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$6,100 (2012 est.)
country comparison to the world: 142

$5,800 (2011 est.)
$5,400 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 12%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 30.1%
services: 57.9% (2012 est.)

Labor force:
8.194 million (2012 est.)
country comparison to the world: 60
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 31.8%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 25.8%
services: 42.4% (June 2012)

Unemployment rate:
5.1% (2012 est.)
country comparison to the world: 50

4.2% (2011 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
8.9% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 36.8% (2009)

Distribution of family income - Gini index:
49 (2010)
country comparison to the world: 25

46 (1995)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
27.7% of GDP (2012 est.)
country comparison to the world: 30
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $8.234 billion
[see also: Budget revenues country ranks ]
expenditures: $12.39 billion (2012 est.)

Taxes and other revenues:
13.8% of GDP (2012 est.)
country comparison to the world: 197
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.9% of GDP (2012 est.)
country comparison to the world: 183
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
79% of GDP (2012 est.)
country comparison to the world: 28

79% of GDP (2011 est.)
note: covers central government debt, and excludes debt instruments directly owned by government entities other than the treasury (e.g. commercial bank borrowings of a government corporation); the data includes treasury debt held by foreign entities as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement; sub-national entities are usually not permitted to sell debt instruments
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
9.5% (November 2012)
country comparison to the world: 196

7% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
7.5% (19 December 2012 est.)
country comparison to the world: 40

7% (31 December 2011 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
11.5% (31 December 2012 est.)
country comparison to the world: 96

9.41% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.834 billion (31 December 2012 est.)
country comparison to the world: 111

$3.852 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$21.89 billion (31 December 2011 est.)
country comparison to the world: 83

$18.88 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$24.42 billion (31 December 2012 est.)
country comparison to the world: 75

$24.21 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$19.44 billion (31 December 2011)
country comparison to the world: 64

$19.92 billion (31 December 2010)
$8.133 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
rice, sugarcane, grains, pulses, oilseed, spices, vegetables, fruit, tea, rubber, coconuts; milk, eggs, hides, beef; fish

Industries:
processing of rubber, tea, coconuts, tobacco and other agricultural commodities; telecommunications, insurance, banking; tourism, shipping; clothing, textiles; cement, petroleum refining, information technology services, construction

Industrial production growth rate:
8.4% (2012 est.)
country comparison to the world: 23
[see also: Industrial production growth rate country ranks ]

Current account balance:
-$4.737 billion (2012 est.)
country comparison to the world: 164

-$4.638 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$10.51 billion (2012 est.)
country comparison to the world: 94

$10.54 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
textiles and apparel, tea and spices; rubber manufactures; precious stones; coconut products, fish

Exports - partners:
US 19.8%, UK 9.2%, India 6.5%, Italy 5%, Germany 5%, Belgium 4.4% (2011)

Imports:
$19.76 billion (2012 est.)
country comparison to the world: 78

$20.27 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs

Imports - partners:
India 25.6%, China 15.9%, Singapore 7.1%, Iran 6.2%, Japan 5% (2011)

Reserves of foreign exchange and gold:
$7.4 billion (31 December 2012 est.)
country comparison to the world: 79

$7.9 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$22.82 billion (31 December 2012 est.)
country comparison to the world: 77

$22.66 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Sri Lankan rupees (LKR) per US dollar -

127.3 (2012 est.)
110.57 (2011 est.)
113.06 (2010 est.)
114.95 (2009)
108.33 (2008)

Fiscal year:
calendar year


NOTE: The information regarding Sri Lanka on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Sri Lanka Economy 2013 information contained here. All suggestions for corrections of any errors about Sri Lanka Economy 2013 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

http://www.theodora.com/wfbcurrent/sri_lanka/sri_lanka_economy.html

This page was last modified 11-Mar-13
Copyright © 1995-2013 ITA all rights reserved.

    . Feedback