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Sri Lanka GDP Last Previous Highest Lowest Unit

GDP Growth Rate 5.30 4.60 16.12 0.48 percent [+]

GDP Annual Growth Rate 5.30 4.60 16.12 0.50 percent [+]

GDP 82.32 80.03 82.32 1.42 USD Billion [+]

GDP Constant Prices 2526738.00 2270171.00 2526738.00 1414948.00 LKR Million [+]

Gross National Product 11506217.00 10408629.00 11506217.00 4115.00 LKR Million [+]

Gross Fixed Capital Formation 2929107.00 2808720.00 2929107.00 357.00 LKR Million [+]

GDP per capita 3637.54 3503.99 3637.54 582.66 USD [+]

GDP per capita PPP 11047.67 10642.06 11047.67 3665.58 USD [+]

GDP From Agriculture 162824.00 161844.00 177718.00 124301.00 LKR Million [+]

GDP From Construction 200970.00 157734.00 200970.00 77176.00 LKR Million [+]

GDP From Manufacturing 329307.00 362018.00 402362.00 270409.00 LKR Million [+]

GDP From Mining 62337.00 57222.00 62337.00 29585.00 LKR Million [+]

Gdp From Public Administration 229336.00 193736.00 229336.00 142035.00 LKR Million [+]

GDP From Services 1337672.00 1311777.00 1337672.00 793066.00 LKR Million [+]

GDP From Transport 282674.00 269221.00 282674.00 135720.00 LKR Million [+]
Sri Lanka GDP Last Previous Highest Lowest Unit

GDP From Utilities 23258.00 23766.00 23766.00 16596.00 LKR Million [+]

Sri Lanka is a developing economy off the southern coast of India. In spite of years of civil war, the country has recorded strong growth
rates in recent years. The main sectors of the Sri Lanka's economy are tourism, tea export, apparel, textile and rice production.
Remittances also constitute an important part of country's revenue.

<Sri Lanka GDP Growth Rate | 2003-2017 | Data | Chart | Calendar ...
www.tradingeconomics.com/sri-lanka/gdp-growth>

Issuing a communique, DCS states that economic growth rate for the year of 2016 has been estimated as 4.4 percent while econom ic growth
rate for 4th quarter of 20 16 has been estimated as 5.3 percent.

The Gross Domestic Product for Sri Lanka for the year of 2016 (January to December) at constant (20 I 0) price has reached up to Rs. Million 9,0
I2,026. The GOP value reported for the year of 20 I 5 was Rs. Million 8,633,890. The four major components of the economy; Agriculture,
Industry, Services and Taxes less subsidies on products have contributed their share to the GOP at current price by 7.5 percent, 27.1 percent,
57.0 percent and 8.4 percent respectively for the year 2016. During the year 2016, highest growth rate of 6.7 percent was reported for overall
Industrial activities. Meanwhile the Services activities have grown by 4.2 percent, compared to the previous year. However, the agricultural
activities reported 4.2 percent of negative growth rate.( Dr.A.J. Satharasinghe, Director General Department of Census and Statistics,2016)
Foreign direct investment - net inflows (% of GDP) in Sri Lanka

Foreign direct investment; net inflows (% of GDP) in Sri Lanka was last measured at 0.83 in 2015, according to the World Bank.
Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting
stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings,
other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment
inflows less disinvestment) in the reporting economy from foreign investors, and is divided by GDP.This page has the latest values,
historical data, forecasts, charts, statistics, an economic calendar and news for Foreign direct investment - net inflows (% of GDP) in
Sri Lanka.
Foreign direct investment - net inflows (% of GDP) in Sri Lanka
www.tradingeconomics.com/sri-lanka/foreign-direct-investment-net-inflows-percent
Columns - The Sunday Times Economic Analysis
The importance of Foreign Direct Investment
IMPERATIVES FOR ECONOMIC DEVELOPMENT

By Nimal Sanderatne

There is a strong relationship between foreign investment and economic growth. Larger inflows of foreign investments are needed for the country to achieve a sustainable high
trajectory of economic growth. There are several irrefutable reasons for this. For the economy to grow by 7 to 8 per cent a year there is a need to invest around 35 to 40 per cent
of GDP. National savings fall far short of this by nearly 10 per cent. Foreign borrowing and foreign investments have to meet this investment-savings gap. This is generally
recognized and successive governments have attempted to provide various incentives to foreign investors. However the Sri Lankan record of foreign investment has been far
below expected levels and low in comparison with many other Asian countries.

Now that there is peace and security, the biggest hindrance for attracting foreign investments has been
removed. Therefore higher amounts of foreign direct investments are expected. Will this be realized? Peace
and security are necessary conditions, but not sufficient conditions to attract foreign investment. This is
clear from the fact that foreign direct investment (FDI) has been below expectations in 2010. What are the
reasons for the sluggish inflow of FDI?

What are the other conditions that must be fulfilled to attract FDI? There are many conditions that have to
be put in place to attract FDI. It is important to ensure an attractive investment climate. Consistent
macroeconomic policies, good governance, economic stability, guarantee of property rights, rule of law and
absence of corruption are among the conditions required to attract FDI. Consistency and predictability in
economic policies and political stability are preconditions to attract FDI.

Why FDI

Foreign investment comes in several forms. Portfolio investment, foreign loans and foreign direct
investment are the three important types. Of these foreign direct investments in industry and services are
the most useful. Foreign loans are generally used for investment in infrastructure. This is important as a
serious bottleneck for domestic as well as foreign investment is the poor state of infrastructure. However
the development of infrastructure alone would not suffice.

The significance of private FDI is that such investments are risk free to the country and bring with it the
advantages of advanced technology, management practices and assured markets. In due course there is a
technology transfer as the local workforce gains knowledge of the manufacturing processes and
management practices. The value added in these industries is a contribution to GDP and foreign exchange
earnings. Therefore FDI contributes to foreign exchange earnings, employment creation and increases in incomes, especially of skilled and semi-skilled workers in these
industries <.Sunday times May 29, 2011