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Sri Lanka Socio-Economic Data Folder SRI LANKA SOCIO ECONOMIC DATA 2019 SRI LANKA SOCIO ECONOMIC DATA 2019 Sri Lanka Socio Economic Data 2019 – VoLUME XLII Central Bank of Sri Lanka Statistics Department Tel. : +94 11-2477579 Fax : +94 11-2477728 E-mail : [email protected] Web site : www.cbsl.gov.lk ISSN : 1391 – 3557 August 2019 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 Contents COUNTRY PROFILE – 2018 1 Provincial GDP – Shares and Growth 48 Prices of Selected Food Items 73–74 Provincial GDP by Economic Sectors 49 KEY ECONOMIC INDICATORS 2 – 4 Wage Rate Indices 75–76 AGRICULTURE EXTERNAL TRADE AND TOURISM COUNTRY COMPARISONS Production and Prices of Major Crops 50 Exports 77 World GDP by Regions 5 Annual Production Volume – Subsidiary Food Crops 51 Imports 78 Demography 7–8 Fish Production by Province 52 Selected Exports 79 National Accounts 9–10 National Livestock Statistics 53 Selected Imports 80 Social Indicators 12–13 Agricultural Land Use 54 Inflation 15 Tourism 81 INDUSTRY External Trade and Finance 16–17 Industrial Production 55 EXTERNAL FINANCE Monetary and Fiscal Indicators 18–19 Energy 56 Balance of Payments 82 SOCIO ECONOMIC CONDITIONS Electricity Services by Province 57 Net Receipts of Foreign Assistance 83 Exchange Rates (end of period) 84 All Island 20–23 ECONOMIC AND SOCIAL INFRASTRUCTURE By Province – 2016 24–28 Public Health Services 58 GOVERNMENT FINANCE By Sector – 2012/13 and 2016 29–33 Education 59 Government Fiscal Operations 86 By Sector and Province 34–35 Water Consumption and Revenue by Province 60 Government Revenue and Expenditure 87 Prosperity Index by Province – 2009 - 2017 36–37 Communications 61 MONEY, BANKING AND FINANCE Telecommunication Services by Province 62 HUMAN RESOURCES Monetary Developments 89 Postal Services by Province 64 Demography 38 Transportation 65 Money Market Operations 91 Labour Force and Employment 40–41 Regional Bus Companies’ Services by Province 66 Interest Rates 92 Labour Force and Unemployment 42 Private Operator Bus Services by Province 67 Bank Branch Network 94 Foreign Employment 43 Motor Vehicles by Province 68 Operations of Commercial Banks 95 NATIONAL ACCOUNTS Port Services 69 Licensed Specialised Banks 96 Gross National Income 44 PRICES AND WAGES Selected Non-Bank Financial Institutions 97 Expenditure on Gross National Income 45 Prices 70–71 Mobilisation of Deposits 98 Quarterly Growth of GDP and GNI 46 Purchasing Managers’ Index (PMI) 72 Share Market Indicators 99 Contents – Graphs World GDP Growth by Region 6 Per Capita Income (Selected Asian Countries) 11 Social Indicators (Selected Asian Countries) 14 Population & Population Growth 39 Gross Value Added at Basic Prices (Current) 47 Selected Socio Economic Indicators 63 Balance of Payments (% of GDP) 85 Fiscal Operations (% of GDP) 88 Growth of Money Supply 90 Selected Interest Rates 93 Macroeconomic Indicators 100 COUNTRY PROFILE – 2018(a) Population (Mid-Year) (’000) – 2018(a) 21,670 Mid-Year Population Growth Rate (2018), % : 1.1 Land Area (Excluding Inland Waters) Sq. km. 62,705 GDP at Market Prices(a)(d) : Rs.bn. 14,450 US$ bn 88.9 Population and Land Area by Provinces – 2018 GDP Per Capita at Market Prices(a)(d) : Rs. 666,817 US$ 4,102 Province Population(b) Land Area Population Real GDP Growth Rate(a)(d), % 3.2 ’000 (Sq. km.) Density(c) Sectoral Composition of GDP(a)(d), % Western 6,129 3,593 1,706 Agriculture 7.0 Central 2,750 5,575 493 Industry 26.1 Southern 2,637 5,383 490 Services 57.7 Northern 1,131 8,290 136 Taxes less subsidies on products 9.2 Eastern 1,710 9,361 183 Rs. bn. % of GDP North Western 2,536 7,506 338 Exports of Goods and Services(a) 3,292 22.8 North Central 1,366 9,741 140 Imports of Goods and Services(a) 4,354 30.1 Uva 1,364 8,335 164 Budget Deficit -760.8 -5.3 Sabaragamuwa 2,047 4,921 416 Money Stock M 7,128.3 46.9 (e) Total 21,670 62,705 346 2b Composition of Population (2012 Census) Unemployment Rate (2018), % of Labour Force : 4.4 By Ethnicity % By Religion % Inflation (2018) : Change of CCPI (2013=100) (Annual Avg.), % : 4.3 Sinhalese 74.9 Buddhist 70.1 Change of NCPI (2013=100) (Annual Avg.), % : 2.1 Sri Lankan Tamil 11.2 Hindu 12.6 Indian Tamil 4.1 Islam 9.7 Life Expectancy (2017) : (Avg.) yrs. 75.5 Sri Lankan Moor 9.3 Christian & Literacy Rate (Aged 10 Years and above) (2017), % : 92.6 Other 0.5 Roman Catholic 7.6 Human Development Index (2017) : 0.770 (Min. : 0.0 ; Max. : 1.0) By Sector % (2012 Census) Other 0.0 Temperature (2018) : °C (°F) Minimum Maximum Urban 18.2 Rural 77.4 Estate 4.4 Low Country 24.1 (75.4) 27.1 (80.8) Hill Country 18.1 (64.6) 31.8 (89.2) (a) Provisional (d) Based on the GDP estimates (base year 2010). (b) Based on the Census of Popula-tion and Housing – 2012. (e) M2b (12 month average) as a % of GDP at market price. (c) Persons per sq. km. 1 2 KEY ECONOMIC INDICATORS (a) Indicator 2014 2015 2016 2017 2018 Population, ’000 (Mid-Year) 20,778(a) 20,966(a) 21,203(a) 21,444(a) 21,670 Annual Population Growth, % 0.9(a) 0.9(a) 1.1(a) 1.1(a) 1.1 Density of Population, Persons per sq. km. 331 334 338 342 346 Labour Force Participation Rate, (% of Household Population)(b) 53.2 53.8 53.8 54.1 51.8 Unemployment Rate, (% of Labour Force)(b) 4.3 4.7 4.4 4.2 4.4 National Accounts(c) GNI (Market Prices), Rs. bn. 10,125 10,676 11,676(d) 13,065(a)(d) 14,058 Per Capita GNI (Market Prices), Rs. 487,462 509,200 550,697(d) 609,281(a)(d) 648,731 US$ 3,734 3,746 3,782(d) 3,996(a)(d) 3,991 GDP (Market Prices), Rs. bn. 10,361 10,951 11,996(d) 13,418(a)(d) 14,450 Real GDP Growth Rate, % 5.0 5.0 4.5(d) 3.4(a)(d) 3.2 Investment and Savings(c), % of GDP Investment 32.3 31.2 27.9(d) 28.8(a)(d) 28.6 Domestic Savings 24.2 23.6 20.6(d) 21.7(a)(d) 21.2 National Savings 29.8 28.8 25.7(d) 26.2(a)(d) 25.4 Price Changes, % National Consumer Price Index (2013 = 100) (Annual Avg.) – 3.8 4.0 7.7 2.1 Colombo Consumer Price Index (2013 = 100) (Annual Avg.) – 2.2 4.0 6.6 4.3 Colombo Consumer Price Index (2006/07 = 100) (Annual Avg.) 3.3 0.9 3.7 – – Wholesale Price Index (Annual Avg.) 3.2 1.0 4.2 7.4 3.4 Producer’s Price Index (2013 Q4 = 100) (Annual Avg.) – 3.6 1.7 17.0 6.3 Implicit GNI Deflator(c) 2.9 0.6 4.9(d) 8.2(a)(d) 4.3 (a) Provisional (c) Based on the GDP estimates (base year 2010). Sources : Registrar General’s Department (b) Household Population aged 15 years and (d) Revised Department of Census and Statistics above and data covers the entire island. Note : In July 2016, the Department of Census and Statistics published a re-weighted and revised labour force data series for 2011 onwards. Compilation of Colombo Consumer Price Index (2006/07=100) was discontinued since January 2017. KEY ECONOMIC INDICATORS Indicator 2014 2015 2016 2017 2018(a) 2014 2015 2016 2017 2018(a) Government Finance Rupees billion % of GDP(b) Revenue and Grants 1,204.6 1,460.9 1,693.6 1,839.6 1,932.5 11.6 13.3 14.1 13.7 13.4 Expenditure and Net Lending 1,795.9 2,290.4 2,333.9 2,573.1 2,693.2 17.3 20.9 19.5 19.2 18.6 Current Expenditure 1,322.9 1,701.7 1,757.8 1,927.7 2,089.7 12.8 15.5 14.7 14.4 14.5 Current Account Surplus (+) / Deficit (-) -127.7 -246.8 -71.7 -96.2 -169.7 -1.2 -2.3 -0.6 -0.7 -1.2 Budget Deficit -591.2 -829.5 -640.3 -733.5 -760.8 -5.7 -7.6 -5.3 -5.5 -5.3 Central Government Debt 7,390.9 8,503.2 9,387.3 10,313.0 11,977.5 71.3 77.7 78.3 76.9 82.9 Domestic Debt 4,277.8 4,959.2 5,341.5 5,594.4 6,018.0 41.3 45.3 44.5 41.7 41.6 Foreign Debt 3,113.1 3,544.0 4,045.8 4,718.6 5,959.5 30.0 32.4 33.7 35.2 41.2 Debt Service 1,076.3 1,317.8 1,352.4 1,603.0 2,088.6 10.4 12.0 11.3 11.9 14.5 Interest Payment 436.4 509.7 610.9 735.6 852.2 4.3 4.7 5.1 5.5 5.9 External Sector Rupees billion US dollars billion Exports 1,453.2 1,431.4 1,500.8 1,732.4 1,933.5 11.1 10.5 10.3 11.4 11.9 Imports 2,535.2 2,572.5 2,794.4 3,198.6 3,606.6 19.4 18.9 19.2 21.0 22.2 Current Account Balance -259.4 -257.5 -254.2 -351.3 -454.3 -2.0 -1.9 -1.7 -2.3 -2.8 % of GDP(c) -2.5 -2.3 -2.1 -2.6 -3.2 External Debt 5,623.8 6,459.7 6,899.3 7,887.9 9,559.5 42.9 44.8 46.4 51.6 52.3 % of GDP(c) 54.1 55.7 56.8 58.6 58.7 Debt Service Ratio(d)(e), % 12.1 17.7 16.1 16.3 21.2 International Reserves 1,295.3 1,345.1 1,263.3 1,595.3 1,751.2 9.9 9.3 8.4 10.4 9.6 Exchange Rate (Average), Rs./US$ 130.56 135.94 145.60 152.46 162.54 – – – – – Rs./SDR 198.35 190.16 202.39 211.49 229.90 – – – – – (a) Provisional (c) Rebased GDP estimates (base year 2010) of the Department Sources : Central Bank of Sri Lanka (b) Based on revised GDP estimates of Census and Statistics have been used.
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