Trade & Investment

Trade & Investment

KEY ECONOMIC INDICATORS

KEY ECONOMIC INDICATORS
  2010 2011 2012 2013 2014 2015 2016
DEMOGRAPHY
Mid-year population (‘000 persons) (b)(c) 20,675 20,892 (d) 20,425 (d) 20,585 (d) 20,771 (a) 20,966 (a) 21,203
Growth of mid- year population (per cent) (b) 1.0 1.1 (d) 1.0 (d) 0.8 (d) 0.9 (a) 0.9 (a) 1.1
Population density (persons per sq.km.) (b) 330 333 (d) 326 (d) 328 (d) 331 (a) 334 (a) 338
Labour force (‘000 persons) (e)(f)(g) 8,108 7,926 (a)(d) 7,798 (a)(d) 8,034 (a)(d) 8,049 (a)(d) 8,214 (a)(d) 8,311
Labour force participation rate (per cent) (e)(f)(g) 48.1 52.9 (a)(d) 52.5 (a)(d) 53.7 (a)(d) 53.2 (a)(d) 53.8 (a)(d) 53.8
Unemployment rate (per cent of labour force) (e)(f)(g) 4.9 4.2 (a)(d) 4.0 (a)(d) 4.4 (a)(d) 4.3 (a)(d) 4.7 (a)(d) 4.4
OUTPUT (h)
GDP at current market price (Rs. billion) 6,414 7,219 8,732 9,592 10,361 (d) 10,952 (a)(d) 11,839
GNI at current market price (Rs. billion) 6,344 7,147 8,578 9,366 10,125 (d) 10,670 (a)(d) 11,506
GDP at current market price (US$ billion) 56.7 65.3 68.4 74.3 79.4 (d) 80.6 (a)(d) 81.3
GNI at current market price (US$ billion) 56.1 64.6 67.2 72.5 77.6 (d) 78.5 (a)(d) 79.0
Per capita GDP at current market price (Rs.) (i) 310,214 345,544 427,538 465,976 498,828 (d) 522,355 (a)(d) 558,363
Per capita GNI at current market price (Rs.) (i) 306,839 342,096 419,955 454,993 487,462 (d) 508,936 (a)(d) 542,669
Per capita GDP at current market price (US$) (i) 2,744 3,125 3,351 3,609 3,821 (d) 3,843 (a)(d) 3,835
Per capita GNI at current market price (US$) (i) 2,714 3,094 3,291 3,524 3,734 (d) 3,744 (a)(d) 3,727
REAL OUTPUT (percentage change) (h)
GDP 8.0 (j) 8.4 9.1 3.4 5.0 (d) 4.8 (a)(d) 4.4
Major economic activities of GDP  
- Agriculture 7.0 (j) 4.6 3.9 3.2 4.6 (d) 4.8 (a)(d) -4.2
- Industry 8.4 (j) 9.3 9.0 4.1 4.7 (d) 2.1 (a)(d) 6.7
- Services 8.0 (j) 8.9 11.2 3.8 4.8 (d) 5.7 (a)(d) 4.2
GNI 7.9 (j) 8.5 8.3 2.8 5.1 (d) 4.5 (a)(d) 4.1
AGGREGATE DEMAND AND SAVINGS (per cent of GDP) (h)
Consumption 76.9 79.8 72.8 75.4 75.8 (d) 79.1 (a)(d) 76.2
- Private 68.5 71.3 65.2 67.6 67.4 (d) 70.1 (a)(d) 67.6
- Government 8.5 8.6 7.6 7.8 8.4 (d) 9.0 (a)(d) 8.6
Investment 30.4 33.4 39.1 33.2 32.3 (d) 28.4 (a)(d) 31.5
Net exports of goods and services -7.3 -13.2 -11.9 -8.6 -8.1 (d) -7.5 (a)(d) -7.6
- Exports of goods and services 19.6 20.9 19.8 20.3 21.1 (d) 21.0 (a)(d) 21.4
- Imports of goods and services 26.8 34.1 31.7 28.9 29.2 (d) 28.5 (a)(d) 29.1
Domestic savings 23.1 20.2 27.2 24.6 24.2 (d) 20.9 (a)(d) 23.8
Net primary and secondary income from rest of the world 5.4 6.1 6.1 5.2 5.6 (d) 5.1 (a)(d)(k) 5.1 (k)
National savings 28.5 26.3 33.3 29.9 29.8 (d) 26.0 (a)(d) 28.9
PRICES AND WAGES (percentage change)
National Consumer Price Index (2013 = 100) - annual average - - - - - 3.8 4.0
National Consumer Price Index (2013 = 100) - year-on-year (end period) - - - - - 4.2 4.2
Colombo Consumer Price Index (2013 = 100) - annual average - - - - - 2.2 4.0
Colombo Consumer Price Index (2013 = 100) - year-on-year (end period) - - - - - 4.6 4.5
Colombo Consumer Price Index (2006/07 = 100) - annual average 6.2 6.7 7.6 6.9 3.3 0.9 3.7
Colombo Consumer Price Index (2006/07 = 100) - year-on-year (end period) 6.8 4.9 9.2 4.7 2.1 2.8 4.1
Producer's Price Index (2013 Q4 = 100) - annual average - - - - - 3.6 (d) 1.7
Wholesale Price Index (1974 = 100) - annual average 11.2 10.6 3.5 9.2 3.2 1.0 4.2
GDP deflator (h) 7.3 (j) 3.8 10.8 6.2 2.9 (d) 0.8 (a)(d) 3.6
GNI deflator (h) 7.3 (j) 3.8 10.9 6.2 2.9 (d) 0.8 (a)(d) 3.6
Nominal wage rate index for workers in all wages boards (1978 Dec =100) 32.0 4.6 22.2 5.7 3.7 2.9 0.0
Nominal wage rate index for public sector employees (2012 =100) - - - 6.3 10.5 31.7 3.9
Nominal wage rate index for informal private sector employees (2012 =100) - - - 9.8 7.6 7.3 7.9
EXTERNAL TRADE
Trade balance (US$ million) -4,825 -9,710 -9,417 -7,609 -8,287 -8,388 (d) -9,090
- Exports 8,626 10,559 9,774 10,394 11,130 10,546 (d) 10,310
- Imports 8,626 10,559 9,774 10,394 11,130 10,546 (d) 10,310
Terms of trade (percentage change) 27.4 -8.9 -1.5 4.6 4.3 2.7(d) 3.7
Export unit value index (2010 = 100) (percentage change) 40.4 11.1 -7.3 -0.3 2.7 -9.4(d) -1.5
Import unit value index (2010 = 100) (percentage change) 10.2 22.0 -5.8 -4.7 -1.5 -11.8 -5.1
Export volume index (2010 = 100) (percentage change) -13.3 10.2 -0.2 6.7 4.3 4.6 -0.7
Import volume index (2010 = 100) (percentage change) 19.6 23.6 0.5 -1.5 9.5 10.6 7.9
EXTERNAL FINANCE (US$ million)
Services and income account (net) 90 452 43 -572 72 312 (d) 695
Current private transfers (net) 3,608 4,583 5,339 5,619 6,199 6,167 6,434
Current official transfers (net) 52 60 53 21 28 27 19
Current account balance -1,075 -4,615 -3,982 -2,541 -1,988 -1,883 (d) -1,942
Overall balance 921 -1,059 151 985 1,369 -1,489 -500
  • (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) Revised
  • (e) Data for 2010 are for household population aged 10 and above while that of 2011 onwards are for those aged 15 and above.
  • (f) For 2010, data excludes the Northern province. From 2011 onwards, data covers the entire island.
  • (g) In July 2016, Department of Census and Statistics published a re-weighted and revised labour force data series for 2011 onwards.
  • (h) Rebased GDP estimates (base year 2010) of the Department of Census and Statistics have been used.
  • (i) Estimates updated with latest population figures
  • (j) Data is under the 2002 base year.
  • (k) The difference with the BOP estimates is due to the time lag in compilation.

Economic Indicators (Attachment)

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