South Asia. Industrial production declined at a much softer rate in July–August relative to Q2. In 2005, China’s FDI into Sri Lanka was $16.4 million, or just under 1% of total Sri Lankan FDI. Following 30 years of civil war that ended in 2009, the economy grew at an average 5.3 percent during the period 2010-2019, reflecting a peace dividend and a determined policy thrust towards reconstruction and growth; although growth slowed down in the last few years. In 2018, the national debt of Sri Lanka amounted to around 66.38 billion U.S. dollars. Central Bank of Sri Lanka Statistics Department Tel. (Source: IMF) Sri Lanka is currently our 71st largest goods trading partner with $3.1 billion in total (two way) goods trade during 2019. Projects & Operations ... $450.71 million. License: CC BY-4.0 Line Bar Map. 300 ISBN 978-955-575-368-5. ii Printed at Central Bank Printing Press, 58, Sri Jayewardenepura Mawatha, Rajagiriya, Sri Lanka. Sri Lanka seeks to achieve $4,000 in GDP per capita by 2016, from $3,280 in 2013, but faces three particular macroeconomic challenges. Goods exports totaled $390 million; goods imports totaled $2.7 billion. Gross domestic product (GDP) reached $88.7 billion and per capita GDP was $4,100 in 2018. Sri Lanka: Bruttoinlandsprodukt, Milliarden U.S. Dollar 2010: Für diesen Indikator bietet die Weltbank Daten für Sri Lanka von 1961 bis 2019. 3,845,900 million from Rs. Sri Lanka’s investment to GDP ratio for the last two years is 25% consisting of private sector investment 10%, public sector investment 10%, and foreign investment 5%. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Today, Bangladesh is at $ 37 billion and Vietnam is at $ 213 billion whilst Sri Lanka is at just $ 11.5 billion. GDP of Sri Lanka increased from 1.57 million current prices in 2nd quarter 2010 to 3.77 million current prices in 1st quarter 2020 growing at an average annual rate of 2.33%. Sri Lanka: Gross domestic product (GDP) in current prices (in billion international dollars) 304.17bn Int$ Detailed statistics The tea industry employs, indirectly or directly, over a million people with over 215,338 individuals working in the tea estates and plantations. The free-market economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 and $296.959 billion by purchasing power parity (PPP). XL 2018 Rs. The logic being that Q1 data revealed that the economy has contracted -1.6%, which factored only 10 days of lockdown. A possible prolonged downturn in the tourism sector and significant debt repayments due to take place next year, together with tight credit access, pose downside risks to the outlook. Country Report 2017 - Includes Sri Lanka real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Its currency is the Sri Lankan Rupee (LKR). Sri Lanka's most dynamic sectors now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. In 2019, Sri Lanka GDP was an estimated $86.6 billion (current market exchange rates); real GDP was up by an estimated 2.3%; and the population was 22 million. Sri Lanka Economic Growth This year, GDP is set to contract due to the fallout from Covid-19. The economy of Sri Lanka, a sun-drenched island in the Indian Ocean, depends heavily on the $4.4 billion tourism industry. World Bank national accounts data, and OECD National Accounts data files. Sri Lankan growth rates averaged nearly 5% in during the war, but increased government spending on development and fighting the LTTE in the final years spurred GDP growth to around 6-7% per year in 2006-08. Dollars) The economy should have recovered somewhat in Q3 after it likely contracted at the height of the pandemic in Q2. Tea production accounted for 2% of the country’s GDP in 2013 after contributing about $1.5 billion. I am not a believer of social media but the data can be true in this case. Global Economic Prospects examines trends for the world economy and how they affect developing countries. In 2020, GDP for Sri Lanka was 81.12 billion US dollars. International rating agencies have slashed Sri Lanka's credit worthiness after raising fears over the island's ability to repay its debt. For an economy to reach sustainable productive education, it should invest highly in the education system. However, the Gross Domestic Product for Sri Lanka for the first quarter of 2020 at current price has increased marginally, up to Rs. Sri Lanka GDP to grow 3.3-pct in 2021: World Bank Sri Lanka’s economic growth is expected to recover to 3.3 percent in 2021, and 2.2 percent in 2022 after contracting 6.7 percent in 2020, the World Bank said in a January 2021 projection warning on external uncertainties. In 2021, the economy is expected to recover as restrictions ease and foreign demand rebounds. Tea is one of Sri Lanka’s primary source of foreign exchange. EDUCATION. In contrast, the Netherlands’ share of FDI was 9%, India’s, like Malaysia’s, was 7%, and Singapore’s only 3 per cent. Sri Lanka has not ignored the education sector since it is the only way to boost youth power. 1960 - 2019. Sri Lanka is one of the emerging countries and has huge opportunities to attract “Foreign Direct Investment” (FDI) inflows. By 2015 Chinese private investments reached $338 million, constituting 35% of Sri Lanka’s total FDI. ECONOMIC AND SOCIAL STATISTICS OF SRI LANKA 2018 VOL. Sri Lanka's economy has steadily grown in recent decades with the exception of 2001 when there was a 1.4 percent GDP contraction after Tamil separatists bombed the country's main airport and crippled tourism. Sri Lanka is an upper middle-income country located in South Asia off the southern coast of India on the main east-west Indian Ocean shipping lanes. In 2003, plantation crops made up only 15% of exports (compared with 93% in 1970), while textiles and garments accounted for 63%. Der durchschnittliche Wert für Sri Lanka in diesem Zeitraum lag bei 29.7 billion U.S. dollars mit einem Minimum von 5.9 billion U.S. dollars im Jahre 1961 und einem Maximum von 87.5 billion U.S. dollars im Jahre 2019. GDP in Sri Lanka averaged 13.32 USD Billion from 1960 until 2013, reaching an all-time high of 67.18 USD Billion in 2013 and a record low of 1.42 USD Billion in 1960. Bank deposits held for a fixed term in Sri Lanka are called fixed deposits. Moreover, the services and manufacturing PMIs were markedly higher in Q3 than in the prior quarter, hinting at strengthening private sector activity. Sri Lanka - GDP (billions of U.S. Of social media but the data can be true in This case, a sun-drenched in. Markedly higher in Q3 than in the postwar period according to a report. That the economy is expected to recover as restrictions ease and foreign demand rebounds boost youth power with over individuals. Billion whilst Sri Lanka has not ignored the education sector since it is the Sri Lankan Rupee ( LKR.... - BIP von Landwirtschaft forecasts for major macroeconomic indicators, including commodity financial! 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