1. Economic Performance of Sri Lanka
Trends of Economic Growth Rate of
Sri Lanka

2. Gross domestic Product(GDP)
Gross Domestic Product(GDP) is the monetary value of the value added generated in the production of goods and services inside the country diring a year.

3. Economic Growth rate
Economic growth rate can be defined as a percentage increase of real Gross Domestic Product(GDP).

4. National Accounting of Sri Lanka

5. National Accounting of Sri Lanka
Cover all economic activities
Data are collected from about 250 institutions (as a sample) so as to represent all above economic activities
Use 1993 SNA guidelines in the estimation process
Data are analyzed by using a computer system

6. National Accounting of Sri Lanka
Five statisticians and fifteen statistical officers are engaged in the compilation process of national accounts estimates
Sri Lanka is one of countries which collects quarterly data and compile quarterly national accounts estimates
Quarterly national accounts estimates are derived by using the indicator method in other countries

7. National Accounting of Sri Lanka
Advance Data Release Calendar is published in the department web site.
GDP estimates are released during the 75 days time lag of each quarter
Estimation procedure is consisted by several rounds and press notes prepared in these stages should not be considered as final one until Director General of DCS release the final press note to the web

8. National Accounting of Sri Lanka
Estimation procedure
Data collection starts in the first week of next quarter
Estimation procedure is supervised by the statisticians and estimates can be revised
Separate Internal discussions for different economic activities
Two discussions of statisticians
Two discussions with director of National Accounts Division
A discussion with Additional Director General
Final discussion with Director General

9. National Accounting of Sri Lanka
Director General is the authorized person to release all indicators produced by the department
The previous draft documents prepared in different stages should not be considered as final report

10. Responsibility of National Accounting for Sri Lanka
DCS started national accounting in 1948 and continued
Both institutions, DCS and Central Bank of Sri Lanka compiled national accounts estimates up to 2007.
Sole responsibility of national accounting was given to the DCS from 2007.

11. International Standard of Industrial Classification(ISIC) is used
Economic activities of Sri Lankan economy
International Standard of Industrial Classification(ISIC) is used
Agriculture Forestry and Fishing
Industry
Services

12. Main economic activities of Sri Lankan economy
Agriculture, forestry and Fishing
agriculture
Livestock
Forestry and Fishing
Industry
Mining and quarrying
Manufacturing
Electricity, Gas and Water
Construction
Services
Wholesale and retail trade
Hotels and restaurant
ප්transport and communication
Banking Insurance and Real estate
Ownership of Dwellings
Government services
Private services

13. Quarterly economic growth rates
@ provisional

14. Quarterly economic growth rates
In the year 2009 economic growth rate has gone down to 3.5 percent level mainly due to world economic slowdown
After the end of the war economic growth rate exceeds 8.0 percent (2010 and 2011)
It fluctuates around 7 percent in recent quarters

15. Agriculture

16. Trends of Paddy production
Million Busals
Source- Department of Census and Statistics

17. Paddy production in Northern and Eastern provinces
Million Busals
Source- Department of Census and Statistics

18. Trends of Paddy production
Paddy production has increased from 2005
Harvested area has increased from 1.4 Acre Mn to 1.8 Acre Mn
Average yield has increased from 77 Busals to 90 busals
Government intervention
Increase paddy prices
Fertilizer subsidy
Expansion of irrigation schemes

19. Trends of Tea production
මෙට්‍රක් ටොන් දහස්
වර්ෂය
source- ශ්‍රSrilanka Tea Board
@ estimated figure.

20. Trends of Tea production
A positive trend of tea production from 2005
Although demand for tea has decreased due to world economic slowdown in the year 2009, it recoverd from 2010

21. Maize production මෙ.ටො. දහස්
Source- Department of Census and Statistics

22. Source- Department of Census and Statistics
Livestock and animal production Department

23. Source- Department of Census and Statistics
වර්ෂය
Source- Department of Census and Statistics

24. Source- Department of Census and Statistics
වර්ෂය
Source- Department of Census and Statistics

25. Production of Milk
Milk production in Northern and Eastern provinces increased after the end of the war.

26. Industry

27. “Textile and Garments” to Total Export Earnings is more than 50%.
Source :-Sri Lanka Customs
“Industrial Export Earnings” to Total Export Earnings is more than 75%.
“Textile and Garments” to Total Export Earnings is more than 50%.

28. Source:-Ceylon Electricity Board

29. Source:- Water Supply & Drainage Board

30. Source:- Litro Gas Company Ltd
Laugfs Gas PLC

31. Construction, Manufacturing and Fixed Capital formation

32. Imports of Cement
Source: Sri Lanka Customs

33. Annual Cement availability

34. Directs and indirect effects of increase in cement supply to the economy
To increase output of construction sector
To expand other cement related industries
To develop infrastructure
To increase capital formation or gross investment

35. Services

36. Government sector

37. Government Expenditure
Source: Government Budget, Department of estate accounts

38. Government Expenditure
Both current and capital expenditure increased continuously
GDP increases directly when government expenditure increases according to Keynesian identity
(Y = C + I + G + X – M), G
Purchasing power of Household increses due to increase of GDP
Investment and capital stock increase due to increase of capital expenditure
Increased capital stock lead to increase future production
Y=GDP, C=Private Consumption, I=Investment, G=Government Expenditure, X-M=net exports

39. Hotels & restaurant and Tourism industry

40. Tourist arrivals
Source: Sri Lanka Tourism Development Authority

41. Effects of increase of tourist arrivals
Increase of output of hotels and restaurant sector
Expansion of services activities such as transport and telecommunication
Even though tourist arrivals increased, Income of star hotels remains same or can be decreased. This is mainly due to tendency to use unregistered accommodation and other services.

42. Transport

43. Number of registered Cars and Three wheelers
Source- Department of motor traffic

44. implications of increase of registered vehicles
Increase of transport services
Expansion of service sector
Increase house hold luxury consumption

45. Export and Import

46. Exports Source- Sri Lanka Customs
Increased export income since 2006, shows us that the production of related goods has also increased during the last few years
Export income of the year 2009 has gone down as a result of world economic slowdown

47. Imports Source- Sri Lanka Customs
Import of intermediate goods and investment goods has increased than consumer goods from 2006
As intermediate and investment goods are used in the production of goods and services it was a favorable factor to the economic growth of the country

48. VAT income from wholesale and Retail trade activities
Rs.Mn
Source- Department of Inland revenue
VAT income from wholesale and Retail trade has increased repidly and it shows the expansion of trade activities and consumption

49. Turnover of Wholesale and Retail trade sector
Source- Department of Census and Statistics

50. VAT income from wholesale and Retail trade activities
Profit and salaries & wages of financial institutions has increased continuously from 2005 by showing increased demand for monetary intermediation