Outlook of Sri Lanka

Profile of Sri Lanka

--Gross Domestic Product $59.41 billion, GDP at purchasing power parity (PPP) $218 billion
Fiscal year calendar year
GDP – composition by end use household consumption: 69.6%
government consumption: 13.5%
investment in fixed capital: 28.9%
investment in inventories: 1.8%
exports of goods and services: 22.8%
imports of goods and services: -36.5% (2012 est.)
GDP – composition by sector agriculture: 11.1%
industry: 31.5% services: 57.5%
(2012 est.)

Population below poverty line
8.9% (2010 est.)
Labor force 8.194 million (2012 est.)
Labor force – by occupation agriculture: 31.8%
industry: 25.8%
services: 42.4% (June 2012)
Unemployment rate 5.2% (2012 est.) 4.2% (2011 est.)
Unemployment and youth ages 15-24 total: 19.4%
male: 16.3% female:
24.7% (2010)
Household income or consumption by percentage share lowest 10%: 1.6%
highest 10%: 39.5% (2009)
Distribution of family income – Gini index 49
(2010) 46 (1995)
Investment (gross fixed) 28.9% of GDP (2012 est.)
Budget revenues: $7.868 billion
expenditures: $11.63 billion (2012 est.)
Taxes and other revenues 13.2% of GDP (2012 est.)
Budget surplus (+) or deficit (-) -6.3% of GDP (2012 est.)
Public debt 77.7% of GDP (2012 est.)
78.4% 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
Inflation rate (consumer prices) 7.5% (2012 est.)
6.7% (2011 est.)
Central bank discount rate 7.5% (19 December 2012 est.)
7% (31 December 2011 est.)
Commercial bank prime lending rate 13.25% (31 December 2012 est.)
9.41% (31 December 2011 est.)
Stock of narrow money $3.539 billion (31 December 2012 est.)
$3.852 billion (31 December 2011 est.)
Stock of broad money $21.89 billion (31 December 2011 est.)
$18.88 billion (31 December 2010 est.)
Stock of domestic credit $28.86 billion (31 December 2012 est.)
$26.53 billion (31 December 2011 est.)
Market value of publicly traded shares $16.92 billion (31 December 2012)
$19.44 billion (31 December 2011)
$19.92 billion (31 December 2010)
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 10.3% (2012 est.)
Current Account Balance -$4.737 billion (2012 est.)
-$4.638 billion (2011 est.)
Exports $9.785 billion (2012 est.)
$10.56 billion (2011 est.)
Exports – commodities textiles and apparel tea and spices; rubber manufactures; precious stones; coconut products fish
Exports – partners US 22.6% UK 9.8% India 6.4% Belgium 5.2% Germany 4.8% Italy 4.3% (2012)
Imports $17.32 billion (2012 est.)
$18.24 billion (2011 est.)
Imports – commodities petroleum textiles machinery and transportation equipment building materials mineral products foodstuffs
Imports – partners India 21.3% China 16.5% Singapore 8.6% Iran 7.7% UAE 4.4% Malaysia 4.3% (2012)
Reserves of foreign exchange and gold $6.831 billion (31 December 2012 est.)
$6.748 billion (31 December 2011 est.)
Debt – external $26.87 billion (31 December 2012 est.)
$23.98 billion (31 December 2011 est.)
Stock of direct foreign investment – at home $NA
Stock of direct foreign investment – abroad $NA
Exchange rates Sri Lankan rupees (LKR) per US dollar – 127.6 (2012 est.)
110.57 (2011 est.)
113.06 (2010 est.) 114.95 (2009) 108.33 (2008)

-Per Capita Income $ 6,200—Growth rate 6.4%—Gross national saving 22.8% of GDP