This document provides an overview of key economic and business indicators for Sri Lanka. It discusses Sri Lanka's main industries including agriculture, manufacturing, and services. It summarizes Sri Lanka's GDP growth rates, economic outlook, trade partners, and rankings on various development indices. The document also mentions recent events held by the Institute of Management in Sri Lanka, including their annual general meeting and a national management conference.

1. Country Report
SRI LANKA
Macau Sept. 2013
Anver DoleAAMO
- President

2. Processing of rubber, tea,
coconut, tobacco, & other
•
agricultural commodities ;
Main Industries
telecommunications,
insurance, banking, tourism,
shipping ; clothing, textiles ;
cement, petroleum refining,
IT services, construction.

3. Export goods :
Export : US $ 10.89 Billion
Textile and apparel,
pharmaceuticals, tea, spices,
diamonds, emeralds, rubies,
coconut products, rubber
manufactures, fish.

4. USA
UK
: 6.4 %
: 5.2 %
: 4.8 %
: 4.3 %
22.6 %
: 9.8 %
India
Belgium
Germany
:
Italy
Main Export Partners

5. Import goods :
Imports US $ 20.02 Billion
Textile fabrics,
mineral products, petroleum,
foodstuffs, machinery &
transportation equipment.

6. India
China
: 8.6 %
: 7.7 %
: 4.4 %
: 4.3 %
21.3 %
: 16.5 %
Singapore
Iran
UAE
:
Malaysia
Main Import Partners

7. Sri Lanka’s GDP per capita is
US $ 2,923
GDP per Capita
Exceeds all other countries in
South Asia other than the Maldives.

8. The war ended in 2009.
GDP Growth
Prior to that, from 2003 – 2008,
GDP growth averaged 6.3 %.
After cessation of war, GDP
growth in 2010 & 2011 surged
to 8.02% and 8.25%
Dropped in 2012 to 6.41%
•
•
•
•

9. Sri Lanka’s economic growth is
expected to recover gradually to
6.8 % in 2013 and to 7.2 % in
2014 (ADB).
•

10. Government revenue and grants
in 2012 was Rs. 1,004 Billion
•

11. Government revenue &
grants as a % of GDP in
2012 was 13.2 %.
Government revenue &
grants as a % of GDP
in 2011 was 14.5%.
•
•

12. Government expenditure & net lending
in 2012 was Rs. 1,493 Billion.

13. Government expenditure & net
lending as a % of GDP in 2012
was 19.7%.

14. Public debit in 2012 was
Rs. 6,000 B.
Public Debt

15. Inflation continued to remain in
single digits at 7.6 % during
2012 (ADB).
Expected to decline marginally to
7.5 % in 2013 (ADB).

16. Sri Lanka was ranked first
in South Asia in Human
•
Human Development
Development Index:
Index
Health, Education &
Income (UNDP)

17. Sri Lanka was ranked
at 43 out of 111 countries.
•
Quality-of-Life Index

18. Sri Lanka has bettered its•
ranking to 81 from 89 in an
compiled by the WB & IFC, by
•
computerizing key processes.
It marks the first time, since
ease of doing business ranking
2005, that a South Asian
economy has ranked so high.
Ease of doing Business
(WB & IFC)

19. Sri Lanka :
Ease of doing Business
Rankings
2010 : 105 out of 183
2011 : 98
2012 : 89
2013 : 81

20. Remarkable progress in
power sector – national
electrification ratio increased
from 29% in 1990 to 94 %
in 2012 (ADB).
High costs, however
plague the sector.
Power Sector
•
•

21. The CHOGM will be
held in Sri Lanka, in
November 2013, as
scheduled.
•

22. So far only
Canada had
raised objections.
Prince Charles will represent
H.M. the Queen, at the
Commonwealth biennial
conference.
•
•

23. UN Human Rights
Commissioner
Navaneetham Pillay, finally
visited Sri Lanka last week,
on the long-standing
invitation extended by the
Sri Lanka Government.

24. Ms Pillay meets President Rajapaksa

25. Ms Pillay of UNHRC was
told ’seeing is believing’.
She toured the North &
inspected the vast
development work.

26. The IMSL held its 35th
AGM
at the Grand Oriental Hotel in
Colombo recently.
•

27. Anver Dole was re-elected
President of IMSL

28. IMSL 35th
AGM

30. The IMSL signed an
MOU with the Sri Lanka
Foundation (SLF) to
continue its joint Public
Lecture series on a
bi-monthly basis.
•

32. The National Management
conference (NMC) was
successfully held at the Galle
Face Hotel, Colombo, on the
theme :
“Today’s Leadership Responsibilities :
What To Do & What To Leave Alone”
•

36. Felicitation of BOC Chairman

37. Felicitation Dinner – Razik Zarook

38. Public Lectures are
conducted bi-monthly in
collaboration with
Sri Lanka Foundation
(SLF) .
•

39. Prof. Hemanthi Ranasinghe
(Management & Environment)

40. Mr. Sunil Wijesinha
Chairman,
Noritake Porcelain

41. Prof. Ranjith
Bandara

42. IMSL – SLF Public Lecture

44. The IMSL is in the
process of conducting
the MCI Survey in
Sri Lanka.
•

45. The IMSL will send
two nominees
for the YMP, in Macau
and mainland China.
•

46. Thank You
Anver Dole.
- President