Trade & Investment

Trade & Investment

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KEY ECONOMIC INDICATORS

KEY ECONOMIC INDICATORS
  2014 2015 2016 2017 2018 2019 2020
DEMOGRAPHY
Mid-year population (‘000 persons) (b)(c) 20,778 20,970 (d) 21,203 (a) 21,444 (a) 21,670 (a) 21,803 (a) 21,919
Growth of mid- year population (per cent) (b) 0.9 0.9 1.1 (a) 1.1 (a) 1.1 (a) 0.6 (a) 0.5
Population density (persons per sq.km.) (b) 331 334 338 (a) 342 (a) 346 (a) 348 350
Labour force (‘000 persons) (d)(e) 8,049 8,214 8,311 8,567 8,388 8,592 8,467 (f)
Labour force participation rate (per cent) (d)(e) 53.2 53.8 53.8 54.1 51.8 52.3 50.6 (f)
Unemployment rate (per cent of labour force) (d)(e)(f) 4.3 4.7 4.4 4.2 4.4 4.8 5.5 (f)
OUTPUT (g)
GDP at current market price (Rs. billion) 10,361 10,951 11,996 13,328 14,291 (h) 15,013 (a)(h) 14,973
GNI at current market price (Rs. billion) 10,125 10,676 11,676 12,975 13,901 (h) 14,581 (a)(h) 14,568
GDP at current market price (US$ billion) 79.4 80.6 82.4 87.4 87.9 (h) 84.0 (a)(h) 80.7
GNI at current market price (US$ billion) 77.6 78.5 80.2 85.1 85.5 (a)(h) 81.6 (a)(h) 78.5
Per capita GDP at current market price (Rs.) (i) 498,660 522,204 565,773 621,531 659,479 (h) 688,573 (a)(h) 683,106
Per capita GNI at current market price (Rs.) (i) 487,298 509,103 550,697 605,076 641,500 (h) 668,748 (a)(h) 683,106
Per capita GDP at current market price (US$) (i) 3,819 3,841 3,886 4,077 4,057 (h) 3,852 (a)(h) 3,682
Per capita GNI at current market price (US$) (i) 3,732 3,745 3,782 3,969 3,947 (h) 3,741 (a)(h) 3,582
REAL OUTPUT (percentage change) (g)
GDP 5.0 5.0 4.5 3.6 3.3 (h) 2.3 (a)(h) -3.6
Major economic activities of GDP  
- Agriculture 4.6 4.7 -3.7 -0.4 5.8 (h) 0.1 (a)(h) -2.4
- Industry 4.7 2.2 5.7 4.7 1.3 (h) 2.6 -6.9
- Services 4.8 6.0 4.8 3.6 4.6 (h) 2.2 (a)(h) -1.5
GNI 5.1 4.8 4.3 3.6 3.2 (h) 2.1 (a)(h) -5.0
AGGREGATE DEMAND AND SAVINGS (per cent of GDP) (g)
Consumption 75.8 76.4 79.4 75.6 77.6 (h) 79.3 (a)(h) 81.1
- Private 67.4 67.4 71.0 67.1 68.4 (h) 69.8 (a)(h) 70.7
- Government 8.4 9.0 8.5 8.5 9.2 (h) 9.4 (a)(h) 10.4
Investment 32.3 31.2 27.9 31.6 29.9 (h) 26.7 (a)(h) 25.2
Net exports of goods and services -8.1 -7.5 -7.3 -7.2 -7.4 (h) -6.1 (a)(h) -6.4
- Exports of goods and services 21.1 21.0 21.2 21.8 23.0 (h) 23.1 (a)(h) 16.6
- Imports of goods and services 29.2 28.5 28.5 29.1 30.5 (h) 29.3 (a)(h) 22.9
Domestic savings 24.2 23.6 20.6 24.4 22.4 (h) 20.7 (a)(h) 18.9
Net primary and secondary income from rest of the world 5.6 5.2 5.2 4.6 4.3 (h) 4.0 (a)(h) 5.0
National savings 29.8 28.8 25.7 29.0 26.7 (h) 24.7 (a)(h) 23.9
PRICES AND WAGES (percentage change)
National Consumer Price Index (2013 = 100) - annual average - 3.8 4.0 7.7 2.1 3.5 6.2
National Consumer Price Index (2013 = 100) - year-on-year (end period) - 4.2 4.2 7.3 0.4 6.2 4.6
Colombo Consumer Price Index (2013 = 100) - annual average - 2.2 4.0 6.6 4.3 4.3 4.6
Colombo Consumer Price Index (2013 = 100) - year-on-year (end period) - 4.6 4.5 7.1 2.8 4.8 4.2
Colombo Consumer Price Index (2006/07 = 100) - annual average 3.3 0.9 3.7 - - - -
Colombo Consumer Price Index (2006/07 = 100) - year-on-year (end period) 2.1 2.8 4.1 - - - -
Producer's Price Index (2013 Q4 = 100) - annual average - 3.6 1.7 17.0 6.3 2.9 5.8
GDP deflator (g) 2.9 0.6 4.8 7.3 (h) 3.8 (a)(h) 2.7 3.4
GNI deflator (g) 2.9 0.6 4.9 7.3 (h) 3.8 (a)(h) 2.7 5.1
Nominal wage rate index for workers in all wages boards (1978 Dec =100) 3.7 2.9 0.0 0.0 0.1 3.2 -
Nominal wage rate index for public sector employees (2016 =100) - - - - 0.2 4.7 9.2
Nominal wage rate index for public sector employees (2012 =100) 10.5 31.7 3.9 0.0 0.1 3.2 -
Nominal wage rate index for informal private sector employees (2012 =100) 7.6 7.3 7.9 9.5 13.2 6.2 3.3
EXTERNAL TRADE
Trade balance (US$ million) -8,287 -8,388 -8,873 -9,619 -10,343 -7,997 -6,008
- Exports 11,130 10,546 10,310 11,360 11,890 11,940 10,047
- Imports 19,417 18,935 19,183 20,980 22,233 19,937 16,055
Terms of trade (percentage change) 4.3 2.7 4.0 1.2 0.02 -1.6 2.5
Export unit value index (2010 = 100) (percentage change) 2.7 -9.4 -1.5 2.4 4.2 -6.3 -6.8
Import unit value index (2010 = 100) (percentage change) -1.5 -11.8 -5.3 1.2 4.1 -4.8 -9.1
Export volume index (2010 = 100) (percentage change) 4.3 4.6 -0.7 7.6 0.5 7.2 -9.7
Import volume index (2010 = 100) (percentage change) 9.5 10.6 7.0 8.1 1.8 -5.8 -11.4
EXTERNAL FINANCE (US$ million)
Services and income account (net) 72 312 678 984 1,381 388 (h) -1,282
Current private transfers (net) 6,199 6,167 6,434 6,316 6,155 5,757 6,194
Current official transfers (net) 28 27 19 11 8 9 13
Current account balance -1,988 -1,883 -1,742 -2,309 -2,799 -1,843 (h) -1,083
Overall balance 1,369 -1,489 -500 2,068 -1,103 377 -2,328
  • (a) Provisional
  • (b) As reported by Registrar General’s Department
  • (c) Mid-year population estimates until 2011 were prepared based on the Census of Population and Housing - 2001. Mid-year population estimates in 2012 onwards were based on the Census of Population and Housing - 2012.
  • (d) Household population aged 15 and above is considered for the calculation of labour force.
  • (e) Data covers the entire island.
  • (f) In July 2016, Department of Census and Statistics published a re-weighted and revised labour force data series for 2011 onwards.
  • (g) Rebased GDP estimates (base year 2010) of the Department of Census and Statistics have been used.
  • (h) Revised
  • (i) Estimates updated with latest population figures
  • (j) The difference with the BOP estimates is due to the time lag in compilation.
  • (k) Compilation of this index was discontinued since January 2017.

Economic Indicators (Attachment)

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