Trade & Investment

Trade & Investment

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KEY ECONOMIC INDICATORS

KEY ECONOMIC INDICATORS
  2011 2012 2013 2014 2015 2016 2017 2018
DEMOGRAPHY
Mid-year population (‘000 persons) (b)(c) 20,892 20,425 20,585 20,771 (a) 20,966 (a) 21,203 (a) 21,444 21,670
Growth of mid- year population (per cent) (b) 1.1 1.0 0.8 0.9 (a) 0.9 (a) 1.1 (a) 1.1 1.1
Population density (persons per sq.km.) (b) 333 326 328 331 (a) 334 (a) 338 (a) 342 346
Labour force (‘000 persons) (d)(e)(f) 7,926 7,798 8,034 8,049 8,214 8,311 8,567 8,388
Labour force participation rate (per cent) (d)(e)(f) 52.9 52.5 53.7 53.2 53.8 53.8 54.1 51.8
Unemployment rate (per cent of labour force) (d)(e)(f) 4.2 4.0 4.4 4.3 4.7 4.4 4.2 4.4
OUTPUT (g)
GDP at current market price (Rs. billion) 7,219 8,732 9,592 10,361 10,951 (h) 11,907 (a)(h) 13,289 14,450
GNI at current market price (Rs. billion) 7,147 8,578 9,366 10,125 10,676 (h) 11,585 (a)(h) 12,933 14,058
GDP at current market price (US$ billion) 65.3 68.4 74.3 79.4 80.6 (h) 81.8 (a)(h) 87.2 88.9
GNI at current market price (US$ billion) 64.6 67.2 72.5 77.6 78.5 (h) 79.6 (a)(h) 84.8 86.5
Per capita GDP at current market price (Rs.) (i) 345,544 427,538 465,976 498,828 522,304 (h) 561,560 (a)(h) 619,729 666,817
Per capita GNI at current market price (Rs.) (i) 342,096 419,955 454,993 487,462 509,200 (h) 546,408 (a)(h) 603,114 648,731
Per capita GDP at current market price (US$) (i) 3,125 3,351 3,609 3,821 3,842 (h) 3,857 (a)(h) 4,065 4,102
Per capita GNI at current market price (US$) (i) 3,094 3,291 3,524 3,734 3,746 (h) 3,753 (a)(h) 3,956 3,991
REAL OUTPUT (percentage change) (g)
GDP 8.4 9.1 3.4 5.0 5.0 (h) 4.5 (a)(h) 3.1 3.2
Major economic activities of GDP  
- Agriculture 4.6 3.9 3.2 4.6 4.7 (h) -3.8 (a)(h) -0.8 4.8
- Industry 9.3 9.0 4.1 4.7 2.2 (h) 5.8 (a)(h) 3.9 0.9
- Services 8.9 11.2 3.8 4.8 6.0 (h) 4.7 (a)(h) 3.2 4.7
GNI 8.5 8.3 2.8 5.1 4.8 (h) 4.3 (a)(h) 3.1 3.1
AGGREGATE DEMAND AND SAVINGS (per cent of GDP) (g)
Consumption 79.8 72.8 75.4 75.8 76.4 (h) 72.4 (a)(h) 70.7 78.8
- Private 71.3 65.2 67.6 67.4 67.4 (h) 63.8 (a)(h) 62.2 69.8
- Government 8.6 7.6 7.8 8.4 9.0 (h) 8.8 (a)(h) 8.5 9.0
Investment 33.4 39.1 33.2 32.3 31.2 (h) 35.0 (a)(h) 36.5 28.6
Net exports of goods and services -13.2 -11.9 -8.6 -8.1 -7.5 (h) -7.3 (a)(h) -7.2 -7.3
- Exports of goods and services 20.9 19.8 20.3 21.1 21.0 (h) 21.3 (a)(h) 21.9 22.8
- Imports of goods and services 34.1 31.7 28.9 29.2 28.5 (h) 28.7 (a)(h) 29.1 30.1
Domestic savings 20.2 27.2 24.6 24.2 23.6 (h) 27.6 (a)(h) 29.3 21.2
Net primary and secondary income from rest of the world 6.1 6.1 5.2 5.6 5.2 (h) 5.2 (a)(h)(j) 4.6 (j) 4.2
National savings 26.3 33.3 29.9 29.8 28.8 (h) 32.8 (a)(h) 33.9 25.4
PRICES AND WAGES (percentage change)
National Consumer Price Index (2013 = 100) - annual average - - - - 3.8 4.0 7.7 2.1
National Consumer Price Index (2013 = 100) - year-on-year (end period) - - - - 4.2 4.2 7.3 0.4
Colombo Consumer Price Index (2013 = 100) - annual average - - - - 2.2 4.0 6.6 4.3
Colombo Consumer Price Index (2013 = 100) - year-on-year (end period) - - - - 4.6 4.5 7.1 2.8
Colombo Consumer Price Index (2006/07 = 100) - annual average 6.7 7.6 6.9 3.3 0.9 3.7 - -
Colombo Consumer Price Index (2006/07 = 100) - year-on-year (end period) 4.9 9.2 4.7 2.1 2.8 4.1 - -
Producer's Price Index (2013 Q4 = 100) - annual average - - - - 3.6 1.7 17.0 6.3
Wholesale Price Index (1974 = 100) - annual average 10.6 3.5 9.2 3.2 1.0 4.2 - -
GDP deflator (g) 3.8 10.8 6.2 2.9 (h) 0.6 (a)(h) 4.1 8.2 4.3
GNI deflator (g) 3.8 10.9 6.2 2.9 0.6 (h) 4.1 (a)(h) 8.3 4.3
Nominal wage rate index for workers in all wages boards (1978 Dec =100) 4.6 22.2 5.7 3.7 2.9 0.0 0.0 0.6
Nominal wage rate index for public sector employees (2012 =100) - - 6.3 10.5 31.7 3.9 0.0 0.1
Nominal wage rate index for informal private sector employees (2012 =100) - - 9.8 7.6 7.3 7.9 9.5 13.2
EXTERNAL TRADE
Trade balance (US$ million) -9,710 -9,417 -7,609 -8,287 -8,388 -8,873 (h) -9,619 -10,343
- Exports 10,559 9,774 10,394 11,130 10,546 10,310 11,360 11,890
- Imports 20,269 19,190 18,003 19,417 18,935 19,183 (h) 20,980 22,233
Terms of trade (percentage change) -8.9 -1.5 4.6 4.3 2.7 4.0 (h) 1.2 0.02
Export unit value index (2010 = 100) (percentage change) 11.1 -7.3 -0.3 2.7 -9.4 -1.5(h) 1.2 4.2
Import unit value index (2010 = 100) (percentage change) 22.0 -5.8 -4.7 -1.5 -11.8 -5.3 (h) 1.2 4.1
Export volume index (2010 = 100) (percentage change) 10.2 -0.2 6.7 4.3 4.6 -0.7 7.6 0.5
Import volume index (2010 = 100) (percentage change) 23.6 0.5 -1.5 9.5 10.6 7.0 (h) 8.1 1.8
EXTERNAL FINANCE (US$ million)
Services and income account (net) 452 43 -572 72 312 678 (h) 983 1,367
Current private transfers (net) 4,583 5,339 5,619 6,199 6,167 6,434 6,316 6,155
Current official transfers (net) 60 53 21 28 27 19 11 8
Current account balance -4,615 -3,982 -2,541 -1,988 -1,883 -1,742 (h) -2,309 -2,814
Overall balance -1,059 151 985 1,369 -1,489 -500 2,068 -1,103
  • (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)