Sri Lanka/

Sri Lanka is engaging in large-scale reconstruction and development projects following the end of the 26-year conflict with the LTTE, including increasing electricity access and rebuilding its road and rail network. Additionally, Sri Lanka seeks to reduce poverty by using a combination of state directed policies and private investment promotion to spur growth in disadvantaged areas, develop small and medium enterprises, and promote increased agriculture, High levels of government funding may be difficult, as the government already is faced with high debt interest payments, a bloated civil service, and historically high budget deficits. The 2008-09 global financial crisis and recession exposed Sri Lanka’s economic vulnerabilities and nearly caused a balance of payments crisis, which was alleviated by a $2.6 billion IMF standby agreement in July 2009. The end of the civil war and the IMF loan, however, have largely restored investors’ confidence, reflected in part by the Sri Lankan stock market’s recognition as one of the best performing markets in the world. Sri Lankan growth rates averaged nearly 5% in during the war, but increased government spending on development and fighting the LTTE in the final years spurred GDP growth to around 6-7% per year in 2006-08. After experiencing 3.5% growth in 2009, Sri Lanka’s economy is poised to achieve high growth rates in the postwar period.

$104.7 billion (2010 est.)

$97.91 billion (2009 est.)

$94.6 billion (2008 est.)

$48.24 billion (2010 est.)

6.9% (2010 est.)

3.5% (2009 est.)

6% (2008 est.)

$4,900 (2010 est.)

$4,600 (2009 est.)

$4,500 (2008 est.)

8.1 million (2010 est.)

5.4% (2010 est.)

5.9% (2009 est.)

23% (2008 est.)

49 (2007)

46 (1995)

23.6% of GDP (2010 est.)

86.7% of GDP (2010 est.)

85.8% of GDP (2009 est.)

5.6% (2010 est.)

3% (2009 est.)

7.25% (December 2010)

7.5% (31 December 2009)

10.37% (December 2010)

15.89% (31 December 2008)

$4.4 billion (31 December 2010 est)

$3.628 billion (31 December 2009 est)

$19.72 billion (31 December 2010 est.)

$16.41 billion (31 December 2009 est.)

$18.34 billion (31 December 2010 est.)

$16.64 billion (31 December 2009 est.)

$11.5 billion (December 2010)

$8.133 billion (31 December 2009)

$4.326 billion (31 December 2008)

rice, sugarcane, grains, pulses, oilseed, spices, vegetables, fruit, tea, rubber, coconuts; milk, eggs, hides, beef; fish

processing of rubber, tea, coconuts, tobacco and other agricultural commodities; telecommunications, insurance, banking; tourism, shipping; clothing, textiles; cement, petroleum refining, information technology services, construction

6.9% (2010 est.)

9.882 billion kWh (2008 est.)

8.417 billion kWh (2008 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

0 bbl/day (2008 est.)

90,000 bbl/day (2009 est.)

0 bbl/day (2007 est.)

90,000 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

-$1.784 billion (2010 est.)

-$291 million (2009 est.)

$7.908 billion (2010 est.)

$7.085 billion (2009 est.)

textiles and apparel, tea and spices; rubber manufactures; precious stones; coconut products, fish

US 20.59%, UK 12.87%, Italy 5.51%, Germany 5.29%, India 4.54%, Belgium 4.43% (2009)

$11.6 billion (2010 est.)

$9.186 billion (2009 est.)

petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs

India 20.73%, China 13.45%, Singapore 7.26%, Iran 6.7%, South Korea 5.23% (2009)

$5.63 billion (31 December 2010 est.)

$5.358 billion (31 December 2009 est.)

$17.97 billion (31 December 2010 est.)

$17.44 billion (31 December 2009 est.)

$NA

$NA

Sri Lankan rupees (LKR) per US dollar - 113.36 (2010), 114.95 (2009), 108.33 (2008), 110.78 (2007), 103.99 (2006)