ECON FACTBOOK

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Economy of Sri Lanka

Population: 20 million in 2013¹

GDP: $67 billion in 2013²

GDP per capita: $3,280 nominal³ ($9,736 PPP⁴) in 2013

GDP growth rate: 7.3% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	14,241	24.1%
Wholesale, retail trade, restaurants and hotels	12,680	21.4%
Manufacturing	10,777	18.2%
Transport, storage and communication	7,402	12.5%
Agriculture, hunting, forestry, fishing	7,167	12.1%
Construction	4,624	7.8%
Mining and utilities	2,296	3.9%
Total value added	59,187	100%

Employment

Unemployment rate: 4.2% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	2,668	31.5%
Manufacturing	1,482	17.5%
Wholesale trade, retail trade and repair of motor vehicles	1,182	13.9%
Electricity, gas, steam and air conditioning	611	7.2%
Public administration and defence	535	6.3%
Transportation and storage	530	6.2%
Education	290	3.4%
Accommodation and food service	205	2.4%
Finance and insurance	150	1.8%
Activities of households as employers	141	1.7%
Human health and social work	135	1.6%
Other service	132	1.6%
Mining and quarrying	125	1.5%
Administrative and support service	93	1.1%
Professional, scientific and technical	74	0.9%
Information and communication	64	0.8%
Total employment	8,475	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $71 billion (94% of GDP) in 2014¹⁰

Household Wealth per Adult: $4,936 in 2014¹⁰

Gini Coefficient: .49 in 2010¹¹

Government

Central Government

Central Government Revenue: $8 billion (12% of GDP) in 2013¹²

Central Government Expenditure: $13 billion(19% of GDP) in 2013¹²

Central Government Budget Balance: -$5 billion (-7% of GDP) in 2013¹²

Central Government Public Debt: $45 billion (68% of GDP) in Dec 2012* ¹³

Central Government 10 Year Bond Interest Rate: 11.75% in May 2014¹⁴

* Public debt calculated using the exchange rate 131.0 LKR = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2011¹⁵

Progressive tax rates from 4% to 24%

Corporate Tax Rate: 28% in 2014¹⁶

Monetary Policy

Money Supply (M1): $4 billion (6% of GDP) in Jun 2014* ¹⁷

Benchmark Interest Rate: 6.50% in Feb 2015¹⁸

Total Reserves: $8 billion (12% of GDP) in 2013¹⁹

Exchange Rate: 131.0 Sri Lankan Rupee = 1 U.S. Dollar on Feb 3, 2015²⁰

Inflation: 6.9% in 2013²¹

* Money supply calculated using the exchange rate 131.0 LKR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $10 billion (15% of GDP) in 2013²³

Imports: $18 billion (27% of GDP) in 2013²³

Trade Balance: -$8 billion (-12% of GDP) in 2013²³

Foreign Direct Investment Inflow: $915 million (1% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $488 million (0.7% of GDP) in 2012²⁵

Foreign Aid Outflow: N/A

References