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Sri Lanka: General Information

Sri Lanka has a population of 21.3 million people and its capital is Sri Jayawardenapura Kotte, though Colombo serves as the commercial capital. Sri Lanka's GDP was $84 billion in 2017 with an average annual growth rate of 4.5% between 2012-2017. Australia and Sri Lanka engage in bilateral trade, with Australia exporting $217 million of goods to Sri Lanka in 2016, led by vegetables and milk products, while importing $223 million of goods from Sri Lanka such as tea.

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42 views

Sri Lanka: General Information

Sri Lanka has a population of 21.3 million people and its capital is Sri Jayawardenapura Kotte, though Colombo serves as the commercial capital. Sri Lanka's GDP was $84 billion in 2017 with an average annual growth rate of 4.5% between 2012-2017. Australia and Sri Lanka engage in bilateral trade, with Australia exporting $217 million of goods to Sri Lanka in 2016, led by vegetables and milk products, while importing $223 million of goods from Sri Lanka such as tea.

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PatrickLnandu
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SRI LANKA

Fact sheets are updated biannually; June and December


General information
Capital: Sri Jayawardenapura Kotte (administrative and Head of State
legislative), Colombo (commercial) President HE Maithripala Sirisena
Land area: 62,710 sq km Head of Government
Official language(s): Sinhala, Tamil Prime Minister The Hon Ranil Wickremesinghe
Population: 21.3 million (2016)
Currency: Sri Lankan rupee

Economic indicators (a) 2012 2013 2014 2015 2016 2017


GDP (US$b) (current prices) 68.4 74.5 80.0 81.2 82.6 84.0
GDP per capita (US$) 3,312.0 3,576.2 3,816.3 3,849.2 3,887.5 3,926.9
GDP PPP (Int'l $b) 207.6 218.1 232.8 246.6 260.6 278.4
GDP per capita PPP (Int'l $) 10,049.2 10,475.1 11,107.0 11,684.0 12,262.3 13,012.1
Real GDP growth (% change yoy) 9.1 3.4 4.9 4.8 4.3 4.5
Current account balance (US$b) -4.0 -2.5 -2.0 -2.0 -1.9 -2.4
Current account balance (% GDP) -5.8 -3.4 -2.5 -2.5 -2.3 -2.8
Inflation (% change yoy) 7.5 6.9 3.3 0.9 3.7 5.8
Unemployment (% labour force) 4.0 4.0 4.0 4.0 4.0 4.0

Australia's trade and investment relationship with Sri Lanka (b)


Australian merchandise trade with Sri Lanka, 2016 (A$m) Total share Rank Growth (yoy)
Exports to Sri Lanka 217 0.1% 48th -32.1%
Imports from Sri Lanka 223 0.1% 54th 5.1%
Total merchandise trade (exports + imports) 440 0.1% 52nd -17.2%

Major Australian exports, 2016 (A$m) Major Australian imports, 2016 (A$m)
Vegetables, f.c.f. 57 Other textile clothing 31
Milk, cream, whey & yoghurt 42 Tea & mate 31
Paper & paperboard 17 Textile clothing accessories 17
Wheat 9 Fixed vegetable oils & fats, hard 16
Australia's trade in services with Sri Lanka, 2016 (A$m) Total share Rank Growth (yoy)
Exports of services to Sri Lanka 357 0.5% 30th 18.6%
Imports of services from Sri Lanka 185 0.2% 38th 19.4%

Australia's investment relationship with Sri Lanka, 2016 (A$m) Total FDI
Australia's investment in Sri Lanka 89 np
Sri Lanka's investment in Australia 155 np
Sri Lanka's global merchandise trade relationships
Sri Lanka's principal export destinations, 2016 Sri Lanka's principal import sources, 2016
1 United States 26.6% 1 China 21.9%
2 United Kingdom 9.9% 2 India 19.6%
3 India 7.1% 3 United Arab Emirates 5.5%
15 Australia 1.6% 23 Australia 1.0%

Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
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All data may be subject to future revisions.
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