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Economic and Social Statistics of Sri Lanka - 2016

The 'Economic and Social Statistics of Sri Lanka – 2016' an annual publication of the Central Bank of Sri Lanka, is now available for public access. The publication contains economic and social indicators of Sri Lanka in the areas of Gross Domestic Product (GDP), agriculture, industry, external trade and finance, government finance, banking and financial institutions, money and capital markets, prices and wages, labour force, transportation, education, health, telecommunication services, population, climate and selected information on economic and social indicators of other countries. In addition, information on living conditions, poverty and household characteristics in Sri Lanka from Household Income and Expenditure Survey (HIES) conducted by the Department of Census and Statistics also available in the publication. Further, it includes disaggregated information at the provincial level on key economic variables.

External Sector Performance - May 2016

Sri Lanka’s external sector showed a mixed performance during May 2016 with a widening of the trade deficit, continued growth in tourist earnings and an increase in workers’ remittances. The trade deficit widened on account of the decline in export earnings, mainly due to the subdued performance in exports of tea, rubber products and textiles and garments, amidst the marginal growth in import expenditure on a year-on-year basis. However, the widening of the trade deficit on a cumulative basis as of end May 2016 was offset to some extent by continuous inflows on account of tourism, increased workers’ remittances and moderate inflows to the financial account during the period.

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Provincial Gross Domestic Product – 2015

Provincial Gross Domestic Product (PGDP) for 2015 has been computed by the Statistics Department of the Central Bank of Sri Lanka (CBSL), based on the disaggregation of the rebased series of National Accounts estimates (2010 constant prices) by the Department of Census and Statistics (DCS)1. In the estimation of PGDP, the value of each line item in GDP (base year 2010) is apportioned using relevant indicators at provincial level.

The Sri Lankan economy reached an annual real GDP growth of 4.8 per cent in 2015, while the nominal GDP recorded a growth of 7.0 per cent to Rs. 11,183 billion. The disaggregation of nominal GDP across provinces is given in Table 1.

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