SRI LANKA

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INTRODUCING

SRI LANKA

Official title:
Democratic Socialist Republic of Sri Lanka

General information:
Capital: Colombo
Population: 22,775,906 (2021 est.)
Total area: 65,610 km2
Currency: Sri Lankan rupee (LKR)
National holiday: Independence Day, 4 February (1948)
Official languages: Sinhala and Tamil
Recognized languages: English

Type of government:
Unitary semi-presidential constitutional republic

Diplomatic and consular representative: H.E. Mr Majintha Joseph Priye Jayesinghe

Economy:

  • GDP (nominal): $78,817 billion (2021 est.)
  • GDP (nominal) per capita: $3,577 (2021 est.)
  • GDP (PPP): $355,752 billion (2021 est.)
  • GDP (PPP) per capita: $15,567 (2021 est.)
  • GDP (official exchange rate): $81,817 billion (2021 est.)
  • GDP (real growth rate): 4,3% (2021 est.)


GDP per sector:

  • Agriculture 8,9%
  • Industry 28,9%
  • Service 62,2% (2020 est.)


Agriculture products: rice, sugarcane, grains, pulses, oilseed, spices, vegetables, fruit, tea, rubber, coconuts; milk, eggs, hides, beef, fish
Main industries: processing of rubber, tea, coconuts, tobacco and other agricultural commodities, telecommunications, insurance, banking; tourism, shipping, clothing, textiles; cement, petroleum refining, information technology services, construction

Trade – Export
Exported commodities: textiles and apparel, tea and spices, rubber manufactures, precious stones, coconut products, fish

Main export partners:

  • United States 25,2%
  • United Kingdom 10,6%
  • India 5,6%
  • Germany 5,5%
  • Italy 5,0%
  • Belgium 4,5%
  • Japan 4,2%
  • Netherlands 4,2%
  • United Arab Emirates 4,0%
  • Canada 2,4% (2020)


Trade – Import

Imported commodities: petroleum, textiles, machinery and transportation equipment, building materials, mineral products, chemical products, foodstuffs

Main import partners:

  • India 21,9%
  • China 19,2%
  • United Arab Emirates 8,3%
  • Singapore 5,6%
  • Japan 5,5%
  • Switzerland 5,%
  • Thailand 4,5%
  • Malaysia 4,1%
  • Indonesia 2,6%
  • United Sates 2,4% (2020)

Sources:

Central Bank of Sri Lanka. 2020. Selected Economic Indicators – November 2015. Available at: http://www.cbsl.gov.lk (February 11th 2020).

European Commission – Directorate-General for Trade. 2020. EU, Trade in goods with Sri Lanka. Available at: http://trade.ec.europa.eu (February 11th 2020).

European Commission – Directorate-General for Trade. 2020. Main Indicators: Sri Lanka. Available at: http://trade.ec.europa.eu (February 11th 2020).

World Bank. 2020. Data: Sri Lanka. Available at: http://data.worldbank.org/country/sri-lanka (February 11th 2020).