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Sri Lanka Contents

Contents

General Section

General Section

Infrastructure

Railways

Roads

Ports

Telecom

Energy

Power

Oil & Gas

Banking

Banking

Travel

Travel

Resturants

Policies

Exim Policy

Trade

Trade

Exim

Tax Structure

Tax System

Important Contacts

Important Contacts

General Details

President Chandrika Bandaranaike KUMARATUNGA
Prime Minister Rani Wickremesinghe
Capital Colombo
Area total: 65,610 sq km
land: 64,740 sq km
water: 870 sq km
Location Southern Asia, island in the Indian Ocean, south of India
Coastline: 1,340 km
Maritime claims Contiguous zone: 24 nm
continental shelf: 200 nm or to the edge of the continental margin
exclusive economic zone: 200 nm
territorial sea: 12 nm
Climate Tropical monsoon; northeast monsoon (December to March); southwest monsoon (June to October)
Natural Resources Limestone, graphite, mineral sands, gems, phosphates, clay
Irrigated land 5,500 sq km (Approx.)
Natural hazards Occasional cyclones and tornadoes
Environment-international agreements party to: Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Ozone Layer Protection, Wetlands
signed, but not ratified: Marine Life Conservation
Population 19,144,875 (Approx.)
Population growth rate 1.1% (Approx.)
Age structure 0-14 years: 27% (male 2,650,135; female 2,535,092)
15-64 years: 67% (male 6,231,987; female 6,500,782)
65 years and over: 6% (male 592,539; female 634,340) (Approx.)
Birth rate 18.16 births/1,000 population (Approx.)
Death rate 6.02 deaths/1,000 population (Approx.)
Net migration rate 1.13 migrant(s)/1,000 population (1Approx.)
Sex ratio at birth: 1.05 male(s)/female
under 15 years: 1.05 male(s)/female
15-64 years: 0.96 male(s)/female
65 years and over: 0.93 male(s)/female
total population: 0.98 male(s)/female (Approx.)
Life expectancy at birth total population: 72.67 years
male: 69.89 years
female: 75.59 years (Approx.)
Religions Buddhist 69%, Hindu 15%, Christian 8%, Muslim 8%
Legislative Body Unicameral Parliament
Languages Sinhala (official and national language) 74%, Tamil (national language) 18%
Literacy definition: age 15 and over can read and write
total population: 90.2%
male: 93.4%
female: 87.2% (Approx.)
Currency 1 Sri Lankan rupee (SLRe) = 100 cents         
Legal System A highly complex mixture of English common law, Roman-Dutch, Muslim, Sinhalese, and customary law; has not accepted compulsory ICJ jurisdiction
Economy Overview In 1977, Colombo abandoned statist economic policies and its import substitution trade policy for market-oriented policies and export-oriented trade. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. By 1996 plantation crops made up only 20% of exports (compared with 93% in 1970), while textiles and garments accounted for 63%. GDP grew at an annual average rate of 5.5% throughout the 1990s until a drought and a deteriorating security situation lowered growth to 3.8% in 1996. The economy rebounded in 1997-98 with growth of 6.4% and 4.7%. For the next round of reforms, the central bank of Sri Lanka recommends that Colombo expand market mechanisms in nonplantation agriculture, dismantle the government's monopoly on wheat imports, and promote more competition in the financial sector. A continuing cloud over the economy is the fighting between the Sinhalese and the minority Tamils, which has cost 50,000 lives in the past 15 years. The global slowdown will temper growth in 1999.
GDP: Purchasing Power Parity $48.1 billion (1998 est.)
GDP - real growth rate 4.7% (1998 est.)
GDP - per capita $2,500 (1998 est.)
GDP - Composition by sector agriculture: 18%
industry: 31%
services: 51% (1997)
Population below poverty line 35.3% (Approx.)
Household income lowest 10%: 3.8%
highest 10%: 25.2% (1990)
Inflation rate (consumer prices) 9.3% (Approx.)
Industries Processing of rubber, tea, coconuts, and other agricultural commodities; clothing, cement, petroleum refining, textiles, tobacco
Industrial production growth rate 6.5% (Approx.)
Agriculture- products Rice, sugarcane, grains, pulses, oilseed, spices, tea, rubber, coconuts; milk, eggs, hides, beef
Exports $4.5 billion (f.o.b., 1998)
Exports-commodities Textiles and apparel, tea, diamonds and other gems, coconut products, rubber products, petroleum products (1997)
Exports-partners US 36%, UK 11%, Japan 6%, Germany 5%, Belgium-Luxembourg 4% (1997)
Imports $5.3 billion (f.o.b., 1998)
Imports-commodities Machinery and equipment, textiles, petroleum, building materials, sugar (1997)
Imports-partners India 10%, Japan 9%, South Korea 8%, Hong Kong 7%, Taiwan 7% (1997)
Communication   
Telephones 352,681 (1997 est.); 114,888 cellular telephone subscribers (Approx.)
Telephone system Very inadequate domestic service, but expanding with the entry of two wireless loop operators and privatization of national telephone company; good international service
domestic: NA international: submarine cables to Indonesia and Djibouti; satellite earth stations-2 Intelsat (Indian Ocean)
Transportation   
Railways total: 1,501 km
broad gauge: 1,442 km 1.676-m gauge
narrow gauge: 59 km 0.762-m gauge (Approx.)
Highways total: 99,200 km
paved: 39,680 km
unpaved: 59,520 km (Approx.)
Waterways 430 km; navigable by shallow-draft craft
Pipelines Crude oil and petroleum products 62 km (Approx.)
Ports and harbors Colombo, Galle, Jaffna, Trincomalee
Tax Structure Tax Structure
International Membership AsDB, C, CCC, CP, ESCAP, FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, NAM, OAS (observer), OPCW, PCA, SAARC, UN, UNCTAD, UNESCO, UNIDO, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO    

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