Singapore Vs Sri Lanka

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    10-Apr-2017

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  • U.W Shanika Dilrukshi

    Sachin P Uduge

    Sachin N Abeykoon

    Avisha S Seneviratne

    Ugeema De Silva

    Mohommad Althaf

    Foundation 14-01-008

    Foundation 14-01-1

    Foundation 14-01-001

    Foundation-14-01-0

    Foundation-14-01-0

    Foundation-14-01-0

    GROUP MEMEBERS

  • HOW SRI LANKA BECOMES AN DEVELOPING COUNTRY

    An attractive destination

    Good geographical location

    Sri Lanka has seen high growth at around 8% annually

    Infrastructure development

    Sri Lankas production and export of tea, rubber and cinnamon

    Sri Lankas major economic sectors include tourism, clothing and textiles

  • upgrade the sea, air, road, power and telecom backbone of the country

    Telecommunication Infrastructure Development,

    Major power projects in progress, such as Trincomalee Coal Power Project, Upper Kothmale Hydro Power Project,

    Development of High Mobility Road Network such as Colombo - Kandy Highway, Southern Highway, Colombo - Katunayake Expressway,

    Sea Port and Airport Development, such as Expansion of Bandaranaike International Airport, Colombo South Port Expansion

    INFRASTRUCTURE DEVELOPMENT

  • Total Area of Sri Lankan land is 65,610 km2

    Total Area of Singapore land is 716.1 km2

    Which means that Sri Lanka has an area 92 times larger than Singapore

  • Year Singaporean

    Population

    (million)

    1970 2.0745

    1980 2.4139

    1990 3.0471

    2000 4.0279

    2010 5.0767

    2013 5.3992

    Sri Lankan

    Population

    (million)

    12.541

    14.747

    17.0175

    19.102

    20.653

    20.483

    0

    5

    10

    15

    20

    25

    1970 1980 1990 2000 2010 2013

    Singaporean Population (million)

    Sri Lankan Population (million)

    COMPARING THE POPULATION OF SINGAPORE AND SRI LANKA 1970-2013

  • 0

    1

    2

    3

    4

    5

    6

    Year Unemployment

    rate (%)

    1999 3.2

    2002 4.59

    2004 3.4

    2006 3.09

    2008 2.20

    2010 2.09

    2011 2

    UNEMPLOYMENT RATE (%) IN SINGAPORE 1999-2011

  • 0

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    Year Unemployment

    rate (%)

    1998 9.5

    2001 7.69

    2004 7.8

    2006 7.59

    2008 5.19

    2011 4.2

    UNEMPLOYMENT RATE (%) IN SRI LANKA 1998-2011

  • Agriculture, animal husbandry, fishing, forestry, mining, energy and power, industry, science and technology, domestic trade and foreign trade.

    Year Agriculture Industry Construction Trade Transport Service

    1970 2.7 21.5 6.9 27.8 11.4 29.6

    1980 1.6 29.9 6.3 21.1 14.5 26.7

    1990 0.34 27.1 4.8 16.6 14.1 37.1

    2000 0.1 28.7 5.9 15.8 13.9 35.6

    2010 0.039 23.1 4.2 21.3 12.2 39.2

    2013 0.034 20.1 4.4 20.7 11 43.8

    STRUCTURE OF ECONOMY IN SINGAPORE

  • Fig 1: Structure of economy in Singapore, % 2013 Fig 2: Structure of economy in Singapore, %1970

    0.034

    20.1

    4.4

    20.7

    11

    43.8

    2.7

    21.5

    6.9

    27.8

    11.4

    29.6

    Agriculture

    Industry

    Construction

    Trade

    Transport

    Service

  • STRUCTURE OF ECONOMY IN SRI LANKA

    Year Agriculture Industry Construction Trade Transport Service

    1970 38.1 16 6.1 14.5 9.9 15.4

    1980 28.6 21.6 10 14.9 11.3 13.7

    1990 25.6 22.1 7.3 17.5 11.1 16.4

    2000 17.6 22.9 7.1 21.6 11.7 19.2

    2010 12.8 21.9 7.6 20.2 12.7 24.9

    2013 10.8 22.1 10.3 20 13.4 23.4

  • 38.1

    166.1

    14.5

    9.9

    15.4

    Fig 3: Structure of economy in Sri Lanka, % 2013 Fig 4: Structure of economy in Sri Lanka, %1970

    10.8

    22.1

    10.3

    20

    13.4

    23.4

    Agriculture

    Industry

    Construction

    Trade

    Transport

    Service

  • EXCHANGE RATES

    What are exchange rates?

    Exchange rates can be affected by Factors that increase the supply of or decrease the demand.

    Exchange rates can be weaken or lose value.

  • COMPARING EXCHANGE RATES OF SINGAPORE AND SRI-LANKA

    Figure 10: 1Singapore Dollar is equal to 95.79 Sri Lankan Rupees

  • GROSS DOMESTIC PROFIT (GDP)

    usually calculated on an annual basis.

    It includes private and public consumption, government outlays, Investments,exports less imports.

    gauge the health of a country's economy

  • GDP of Singapore in 1970

    GDP of Singapore in 2013

    During 1970-2013 GDP of Singapore

  • Year GDP in Billion Dollars Share %

    Worlds Economy Share

    (%)

    Asias Economy Share

    (%)

    1970 1.9 0.056 0.38

    1980 12 0.098 0.48

    1990 38.8 0.17 0.7

    2000 94.3 0.28 1

    2010 233.3 0.36 1.1

    2013 295.7 0.39 1.2

    0

    50

    100

    150

    200

    250

    300

    350

    1970 1980 1990 2000 2010 2013

    GDP OF SINGAPORE 1070-2013

    GDP in Billion Dollars

  • Year GDP in Billion Dollars Share %

    Worlds Economy Share

    (%)

    Asias Economy Share

    (%)

    1970 2.5 0.072 0.48

    1980 4.3 0.035 0.17

    1990 8.2 0.036 0.15

    2000 16.7 0.05 0.18

    2010 49.6 0.076 0.24

    2013 67.2 0.089 0.27

    0

    10

    20

    30

    40

    50

    60

    70

    80

    1970 1980 1990 2000 2010 2013

    GDP IN SRI LANKA 1970-2013

    GDP in Billion Dollars

  • COMPARISON BETWEEN THE GDP OF SINGAPORE AND SRI LANKA IN 1970 AND IN 2013

    In 1970

    Country GDP in Billion Dollars

    Singapore 1.9

    Sri Lanka 2.5

    In 2013

    Country GDP in Billion Dollars

    Singapore 295.7

    Sri Lanka 67.2

    0

    0.5

    1

    1.5

    2

    2.5

    Singapore-1970 Sri Lanka-1970

    GDP in Billion Dollars - 1970

    0

    50

    100

    150

    200

    250

    300

    Singapore-2013 Sri Lanka-2013

    GDP in Billion Dollars-2013

    This means that GDP of Sri Lanka was 1.32 Times higher than Singapore in 1970

    This means that GDP of Singapore is 4.4times higher than the GDP of Sri Lanka

  • IMPORT

    Import is goods or services brought into one country from another.

    Form the backbone of international trade

    Efficient or cheap

  • IMPORT OF SINGAPORE, 1970-2013

    Represents a significant share of gross domestic profit (GDP).

    Singapore access to goods and services from other nations.

    Without Imports Singapore would be limited to the goods and services withinits borders.

    Singapores main imports Refined petroleum (23%) Crude Petroleum (12%) Integrated circuits (6.5%) Computers(2.7%) Petroleum gas (2.0%)

    Singapores main import originsChina, Malaysia, South Korea, United States and Japan.

  • Import of Singapore in 1970 - 2.8 billion US dollarsRanked 26th in the world.Share of Import of Singapore in the world was 0.73%.

    Import of Singapore in 2013 - 498 billion US dollarsRanked 13rd in the worldShare of Import of Singapore in the world was 2.2%

    During 1970-2013 import of Singapore rose by 495.2 billion US.change occurred by 4.4 billion US dollars .

    Minimal import of Singapore was in 1970 (2.8 billion US dollars).Maximal import of Singapore was in 2013 (498 billion US dollars).

    IMPORTS OF SINGAPORE, 1970-2013

  • SRI LANKA IMPORTS COMMODITIES:

    Textile fabricsMineral productsPetroleumFoodstuffsMachinery and transportation equipment

    SRI LANKAS IMPORTS PARTNERS :

    India china Iran Singapore south Korea

  • IMPORTS OF SRI LANKA, 1970-2013

    Import of Sri Lanka in 1970 - 0.66 billion US dollarsranked 66th in the world Share of Import of Sri Lanka in the world was 0.17%.

    Import of Sri Lanka in 2013 - 21 billion US dollarsranked 81st in the world Share of Import of Sri Lanka in the world was 0.093%.

    During 1970-2013 import of Sri Lanka increased by 20.3 billion US dollars

    Minimal import of Sri Lanka was in 1972 (0.61 billion US dollars). Maximal import of Sri Lanka was in 2011 (22.3 billion US dollars).

  • Imports per billion USD in Singapore 1970-2013

    Year imports per Billion Dollars imports per capita Dollars

    1970 2.8 1342.3

    1980 25.2 10454

    1990 65 21550.3

    2000 169.3 43200.6

    2010 405.2 79784.1

    2013 498 92031.9

    Imports per billion USD in Sri Lanka 1970-2013

    Year Imports per Billion Dollars imports per capita Dollars

    1970 0.66 52.6

    1980 2.2 146.5

    1990 3.1 176.6

    2000 8.1 429.7

    2010 15.2 732.8

    2013 21 989.3

    COMPARISON OF IMPORTS IN SINGAPORE AND SRI LANKA -1970-2013

  • 0

    100

    200

    300

    400

    500

    600

    1970 1980 1990 2000 2010 2013

    imports per Billion Dollars in Singapore 1970-2013

    Imports per Billion Dollars in Sri Lanka 1970-2013

  • EXPORTS Goods produced in one country is shipped to another country for future sale or trade.

    adds to the producing nation's gross output.

    forms of economic transfer

    effect on internal trade and economic stability

    restrictions on trade, such as tariffs or subsidies.

    helps an economy to grow

  • SINGAPORES TOP EXPORTS

    Electronic equipments,

    Mineral fuels including oil,

    Machinery,

    Organic chemicals ,

    Optical,

    Technical and medical apparatus,

    Plastics ,

    Pearls,

    precious stones metals and coins,

    Pharmaceutical products,

    Aircraft and spacecraft, and Other chemical products.

  • Export of Singapore in 1970 - 2.4 billion US dollarsRanked 30th in the world.

    Export of Singapore in 2013 - 566.2 billion US dollarsRanked 12nd in the world

    During 1970-2013 export of Singapore increased by 563.8 billion US dollars

    Minimal export of Singapore was in 1970 (2.4 billion US dollars). Maximal export of Singapore was in 2013 (566.2 billion US dollars).

    EXPORT OF SINGAPORE IN 1970-2013

  • SRI LANKA EXPORTS COMMODITIES The major export commodities of Sri Lanka are: Textiles and apparel Tea and spices Diamonds Emeralds Rubies Coconut products Rubber manufactures Fish

    SRI LANKAS MAIN IMPORT PARTNERS US (20.4%), UK (9.9%), India (5.8%), Italy (4.7%), Belgium (4.3%), Germany (4.3%)

  • EXPORT OF SRI LANKA, 1970-2013

    Export of Sri Lanka in 1970 - 0.58 billion US dollarsRanked 65th in the world

    Export of Sri Lanka in 2013 - 14.7 billion US dollarsRanked 90th in the world

    During 1970-2013 export of Sri Lanka grew by 14.1 billion US dollars

    Minimal export of Sri Lanka was in 1972 (0.57 billion US dollars). Maximal export of Sri Lanka was in 2013 (14.7 billion US dollars).

  • Exports in Singapore 1970-2013Year per Billion Dollars per capita Dollars

    1970 2.4 1166.4

    1980 24.4 10108.2

    1990 68.9 22846.5

    2000 181.4 46293.7

    2010 470.7 92673.9

    2013 566.2 104632.2

    Exports in Sri Lanka 1970-2013Year per Billion Dollars per capita Dollars

    1970 0.58 46.8

    1980 1.3 86.2

    1990 2.4 140.1

    2000 6.4 339.2

    2010 11.1 534.4

    2013 14.7 691.9

    COMPARING THE EXPORTS OF SINGAPORE AND SRI LANKA FROM 1970-2013

  • 0

    100

    200

    300

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    500

    600

    1970 1980 1990 2000 2010 2013

    Exports per Billion Dollars in Sri Lanka

    Exports per Billion Dollars in Singapore

  • CONCLUSION

    1970 Singapore was an undeveloped country

    Singapore was even Poorer than Sri Lanka in 1970

    Singapore population is even less than Sri Lanka

    Singapore has very limited land and natural resources than Sri Lanka

    2013 Singapore is a well developed country

    Singapore overcame their unfriendly environment and lacking

    resources

    2013 Sri Lanka is still a developing country

  • RECCOMENDATIONS

    Needs a rapid economic growth

    Increase the exports

    Develop international trade

    lower the unemployment rate

    Utilize the country's comparative advantage

    Gain Business operation stability,

    Help the market diversification

    Bring additional source of revenues to the country