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  • SRI LANKA SOCIO - ECONOMIC DATA 2016

    CENTRAL BANK OF SRI LANKAJune 2016

  • SRI LANKA

    SOCIO-ECONOMIC

    DATA 2016

    Vol. XXXIXCENTRAL BANK OF SRI LANKAJune 2016

  • SRI LANKA SOCIO-ECONOMIC DATA 2016 VOL. XXXIX

    Statistics DepartmentCentral Bank of Sri LankaColombo, Sri Lanka.

    Tel. : 011-2477377Fax : 011-2477728E-mail : dst@cbsl.lkWeb site : www.cbsl.gov.lk

    ISSN : 1391 3557June 2016

    Printed at the Central Bank Printing Press, 58, Sri Jayawardenepura Mawatha, Rajagiriya, Sri Lanka.Published by the Central Bank of Sri Lanka, Colombo 01, Sri Lanka

  • iii

    COUNTRY PROFILE 2015 1KEY ECONOMIC INDICATORS 2 4

    COUNTRY COMPARISONS World GDP by Regions 5Demography 78National Accounts 910Agriculture and Industry 1213Social Indicators 1415Inflation 17External Trade and Finance 1819Monetary and Fiscal Indicators 2021

    SOCIO ECONOMIC CONDITIONS All Island 2225By Province 2012/13 2630By Sector 2009/10 -2012/13 3135By Sector and Province 3637Prosperity Index by Province 2007 - 2014 3839

    HUMAN RESOURCES Demography 40Labour Force and Employment 4243Labour Force and Unemployment 44Foreign Employment 45

    NATIONAL ACCOUNTS Gross National Income 46Expenditure on Gross National Income 47Quarterly Growth of GDP and GNI 48

    Provincial GDP Shares and Growth 50Provincial GDP by Economic Sector 51

    AGRICULTURE Production and Prices of Major Crops 52Annual Production Volume - Subsidiary Food Crops 53Fish Production by Province 54National Livestock Statistics 55Agricultural Land Use 56

    INDUSTRY Industrial Production 57Energy 58Electricity Services by Province 59

    ECONOMIC AND SOCIAL INFRASTRUCTUREPublic Health Services 60Education 61Water Consumption and Revenue by Province 62Communications 63Telecommunication Services by Province 64Postal Services by Province 66Transportation 67Regional Bus Companies Services by Province 68Private Operator Bus Services by Province 69Motor Vehicles by Province 70Port Services 71

    PRICES AND WAGES Prices 7273

    Purchasing Managers Index (PMI) 74Prices of Selected Food Items 7576Wage Rate Indices 7778

    EXTERNAL TRADE AND TOURISM Exports 79Imports 80Selected Exports 81Selected Imports 82Tourism 83

    EXTERNAL FINANCE Balance of Payments 84Net Receipts of Foreign Assistance 85Exchange Rates (end of period) 86

    GOVERNMENT FINANCE Government Fiscal Operations 88Government Revenue and Expenditure 89

    MONEY BANKING AND FINANCE Monetary Developments 91Money Market Operations 93Interest Rates 94Bank Branch Network 96Operations of Commercial Banks 97Licensed Specialised Banks 98Selected Non-Bank Financial Institutions 99Mobilisation of Deposits 100Share Market Indicators 101

    ContentsPage PagePage

  • Contents Graphs

    Page

    World GDP Growth by Region 6

    Per Capita Income (Selected Asian Countries) 11

    Social Indicators (Selected Asian Countries) 16

    Population & Population Growth 41

    Gross Value Added at Basic Prices (Current) 49

    Selected Socio Economic Indicators 65

    Balance of Payments (% of GDP) 87

    Fiscal Operations (% of GDP) 90

    Growth of Money Supply 92

    Selected Interest Rates 95

    Macroeconomic Indicators 102

  • 1

    COUNTRY PROFILE 2015(a)

    Population (Mid-Year) (000) - 2015 (a) 20,966Land Area (Excluding Inland Waters) Sq. km. 62,705Population and Land Area by Provinces - 2015 Province Population (b) Land Area Population 000 (Sq. km.) Density (c) Western 5,979 3,593 1,664 Central 2,658 5,575 477 Southern 2,556 5,383 475 Northern 1,094 8,290 132 Eastern 1,615 9,361 173 North Western 2,448 7,506 326 North Central 1,312 9,741 135 Uva 1,316 8,335 158 Sabaragamuwa 1,988 4,921 404 Total 20,966 62,705 334Composition of Population (2012 Census) By Ethnicity % By Religion % Sinhalese 74.9 Buddhist 70.1 Sri Lankan Tamil 11.2 Hindu 12.6 Indian Tamil 4.1 Islam 9.7 Sri Lankan Moor 9.3 Christian & Other 0.5 Roman Catholic 7.6 By Sector % (2012 Census) Other 0.0 Urban 18.2 Rural 77.4 Estate 4.4

    Mid-Year Population Growth Rate (2015), % : 0.9GDP at Market Prices (d) : Rs.bn. 11,183 US$ bn 82.3GDP Per Capita at Market Prices (d) : Rs. 533,398 US$ 3,924Real GDP Growth Rate (d), % 4.8Composition of GDP (d), % Agriculture 7.9 Industry 26.2 Services 56.6 Taxes less subsidies on products 9.3 Rs. bn. % of GDPExports of Goods and Services 2,295 20.5 Imports of Goods and Services 3,126 28.0 Budget Deficit -829.5 -7.4 Money Stock M2b 4,565.9 37.4Unemployment Rate (2015), % of Labour Force : 4.7 (a)(e)Inflation (2015) : Change of CCPI (Annual Avg.), % : 0.9 Change of NCPI (Annual Avg.), % : 3.8Life Expectancy (2014) : (Avg.) yrs. 74.9Literacy Rate (Aged 15 Years and Above) (2015), % : 93.2Human Development Index (2014) : 0.757 (Min. : 0.0 ; Max. : 1.0)Temperature (2015) : C (F) Minimum Maximum Low Country 24.3 (75.7) 31.8 (89.2) Hill Country 18.2 (64.8) 27.2 (81.0)

    (a) Provisional (b) Based on on the final report of the Census of

    Population and Housing 2012.

    (c) Persons per sq.km. (d) The data is based on the base year 2010 GDP

    estimates of Department of Census and Statistics.

    (e) Data covers the entire island.

  • 2

    KEY ECONOMIC INDICATORS

    (a) Provisional(b) Data covers the entire island. (c) Revised

    Indicator 2011 2012 2013 2014 2015(a)

    Population, 000 (Mid-Year) Annual Population Growth, % Density of Population, Persons per sq. km. Labour Force Participation Rate, (% of Household Population) (b) Unemployment Rate, (% of Labour Force) (b)National Accounts (d) GNI (Market Prices), Rs. bn. Per Capita GNI (Market Prices), Rs. US$ GDP (Market Prices), Rs. bn. Real GDP Growth Rate, %Investment and Savings (d), % of GDP Investment Domestic Savings National SavingsPrice Changes, % Colombo Consumers Price Index (2006/07 = 100) (Annual Avg.) National Consumer Price Index (2013 = 100) (Annual Avg.) Wholesale Price Index (Annual Avg.) Producers Price Index (2013 Q4 = 100) (Annual Avg.) Implicit GNI Deflator (d)

    (d) Based on the base year 2010 GDP estimates of Department of Census and Statistics

    Note : Household Population aged 15 years and above.

    20,869 (a) 20,424 (a) 20,579 (a) 20,771 (a) 20,966 1.0 0.7 0.8 0.9 0.9 333 326 328 331 334 52.9 (a)(c) 52.5 (a)(c) 53.7 (a)(c) 53.2 (a)(c) 53.8 4.2 (a)(c) 4.0 (a)(c) 4.4 (a)(c) 4.3 (a)(c) 4.7

    7,147 8,578 9,366 10,212 (a)(c) 10,932 342,473 419,975 455,126 491,638 (a)(c) 521,412 3,097 3,291 3,525 3,766 (a)(c) 3,836 7,219 8,732 9,592 10,448 (a)(c) 11,183 8.4 9.1 3.4 4.9 (a)(c) 4.8

    33.4 39.1 33.2 32.0 (a) 30.1 20.2 27.2 24.6 24.0 (a) 22.6 26.3 33.3 29.9 29.5 (a) 27.8

    6.7 7.6 6.9 3.3 0.9 3.8 10.6 3.5 9.2 3.2 1.0 3.6 3.8 10.9 6.2 3.9 (a)(c) 2.1

  • 3

    (a) Provisional (c) GDP (Base year 2010)(b) Revised (d) Debt service payments as a percentage of receipts from merchandise exports, services, income and private transfers.

    KEY ECONOMIC INDICATORS

    Indicator 2011 2012 2013 2014 2015(a) 2011 2012 2013 2014(b) 2015(a)

    Government Finance Rs. billion % of GDP (c) Revenue and Grants 983.0 1,067.5 1,153.3 1,204.6 1,460.9 13.6 12.2 12.0 11.5 13.1 Expenditure and Net Lending 1,433.2 1,556.5 1,669.4 1,795.9 2,290.4 19.9 17.8 17.4 17.2 20.5 Current Expenditure 1,024.9 1,131.0 1,205.2 1,322.9 1,701.7 14.2 13.0 12.6 12.7 15.2 Current Account Surplus (+) / Deficit (-) -57.0 -79.6 -67.7 -127.7 -246.8 -0.8 -0.9 -0.7 -1.2 -2.2 Budget Deficit -450.2 -489.0 -516.1 -591.2 -829.5 -6.2 -5.6 -5.4 -5.7 -7.4 Public Debt 5,133.4 6,000.1 6,793.2 7,390.9 8,503.2 71.1 68.7 70.8 70.7 76.0 Domestic Debt 2,804.1 3,232.8 3,832.8 4,277.8 4,959.2 38.8 37.0 40.0 40.9 44.3 Foreign Debt 2,329.3 2,767.3 2,960.4 3,113.1 3,544.0 32.3 31.7 30.9 29.8 31.7 Debt Service 895.4 1,017.5 1,162.9 1,076.3 1,317.0 12.4 11.7 12.1 10.3 11.8 Interest Payment 356.7 408.5 462.9 443.6 509.7 4.9 4.7 4.8 4.2 4.6External Sector Rs. billion US dollars billion Exports 1,167.6 1,245.5 1,344.1 1,453.2 1,425.8 10.6 9.8 10.4 11.1 10.5 Imports 2,241.5 2,441.9 2,323.1 2,535.2 2,572.5 20.3 19.2 18.0 19.4 18.9 Current Account Balance -511.1 -501.9 -324.0 -259.4 -274.6 -4.6 -4.0 -2.5 -2.0 -2.0 % of GDP (c) -7.8 -6.6 -3.4 -2.5 -2.5 -7.8 -6.7 -3.4 -2.5 -2.4 External Debt 3,730.0 4,717.3 5,217.7 5,623.8 6,453.6 32.7 37.1 39.9 42.9 44.8 % of GDP (c) 57.0 62.2 54.4 53.8 57.7 55.3 62.5 53.7 53.6 54.4 Debt Service Ratio (d), % 9.3 13.3 16.3 14.5 19.6 9.3 13.5 16.4 14.5 19.5 International Reserves 910.0 1,091.8 1,121.0 1,295.3 1,345.1 8.0 8.6 8.6 9.9 9.3 Exchange Rate (Average), Rs./US$ 110.57 127.60 129.11 130.56 135.94 _ _ _ _ _ Rs./SDR 174.54 195.38 196.19 198.35 190.16 _ _ _ _ _

  • 4

    (a) Provisional(b) Repurchase Rate and Reverse Repurchase Rate were renamed as Standing Deposit Facility Rate

    (SDFR) and Standing Lending Facility Rate (SLFR) respectively,with effect from 02nd January 2014.

    KEY ECONOMIC INDICATORS

    Indicator 2011 2012 2013 2014 2015(a)

    Monetary Aggregates Reserve Money, Rs.bn. 439.5 484.4 488.6 577.9 673.4 Narrow Money M1, Rs.bn. 438.7 450.0 484.6 612.2 715.0 Change of M1, % 7.7 2.6 7.7 26.3 16.8 Broad Money M2b , Rs.bn. 2,491.7 2,929.1 3,417.9 3,875.9 4,565.9 Change of M2b , % 19.1 17.6 16.7 13.4 17.8 Money Multiplier for M2b, 5.67 6.05 7.00 6.71 6.78Interest Rates (Year End), % Treasury Bill Primary Yield 3 Months 8.68 10.00 7.54 5.74 6.45 Standing Deposit Facility Rate (b) 7.00 7