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Sri Lanka

In 1977, Colombo abandoned statist- and import substitution-policies for more market- and export-oriented policies, including encouragement of foreign investment. Sri Lanka suffered through a brutal civil war from 1983 to 2009. Despite the war, Sri Lanka saw GDP growth average nearly 5% in the last 10 years. Government spending on development and fighting the LTTE drove GDP growth to about 7% per year in 2006-08. Growth was around 3.5% in 2009. Sri Lanka's most dynamic sectors are now food processing, textiles and apparel, food and beverages, port construction, telecommunications, and insurance and banking. About...  More..

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Economy of Sri Lanka
SOURCE: CIA - The World Factbook
Currency Sri Lankan Rupee
GDP (PPP) $96.43 billion (2009 est.)
GDP (per capita) $4,500 (2009 est.)
Exports $7 billion (2009 est.)
Imports $9.6 billion (2009 est.)
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
Exports - Commodities Textiles and Apparel, Tea and Spices; Diamonds, Emeralds, Rubies; Coconut Products, Rubber Manufactures, Fish
Imports - Commodities Textile Fabrics, Mineral Products, Petroleum, Foodstuffs, Machinery and Transportation Equipment
Exports Partners US 22.1%, UK 12.1%, Germany 5.2%, Belgium 4.9%, Italy 4.8%, India 4.5% (2008)
Imports Partners India 18.9%, China 12.4%, Iran 7.7%, Singapore 7.5%, South Korea 4.8% (2008)

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