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Table 1. 
Sri Lanka: Selected macroeconomic indicators, 2004–13
Indicators2004200520062007200820092010201120122013
GNP per capita at current price, US$ 1,062 1,241 1,421 1,617 2,014 2,057 2,400 2,836 2,862 3,191 
GNP per capita at constant (2005) price, US$ 1,182 1,241 1,323 1,400 1,471 1,505 1,611 1,727 1,818 1,920 
Real GDP (2002 price) growth, % 5.4 6.2 7.7 6.8 3.5 8.3 6.4 7.3 
Unemployment rate, % 8.3 7.7 6.5 5.4 5.8 4.9 4.2 4.0 4.4 
Inflation (CPI) rate, % 7.6 11.6 10 15.8 22.6 3.5 6.2 6.7 7.6 6.9 
Budget deficit, % of GDP −7.5 −7 −7 −6.9 −7 −9.9 −8 −6.9 −6.5 −5.9 
Public debt outstanding, % of GDP 102.3 90.6 87.9 85 81.4 86.2 81.9 78.5 79.2 78.2 
Of which foreign debta 47.6 39 37.6 37.1 32.9 36.4 36.1 35.6 36.5 34.1 
Exchange rate, Rp/US$ 101.2 100.5 104 110.6 108.3 114.9 113.1 110.5 127.6 129.1 
Real effective exchange rate (2004 = 100)b 100 92.8 90.6 90.5 77 75.1 73.4 71.9 77.4 73.8 
Trade balance, % of GDP −10.9 −10.3 −11.9 −11.3 −14.7 −7.4 −9.7 −16.4 −15.8 −9.4 
Exports (FOB) 27.9 26.0 24.3 23.6 19.9 16.8 17.4 17.8 16.4 15.5 
Imports (CIF) 38.7 36.3 36.3 34.9 34.6 24.3 27.1 34.2 32.3 26.9 
Current account balance, % of GDP −3.1 −2.7 −5.3 −4.3 −9.5 −0.5 −2.9 −7.8 −6.6 −3.9 
Total external debt to GDP ratio, % 54.9 46.5 49.4 51.0 43.7 49.7 50.1 55.4 62.5 59.2 
Debt service ratioc, % 11.6 7.9 12.7 13.1 18 22.4 16.7 12.7 19.7 25.3 
Gross foreign-exchange reserves, US$ millionc 1,834 2,508 2,526 3,062 1,594 4,897 6,410 5,758 6,677 7,041 
In months of imports 2.8 3.4 3.3 3.7 1.4 3.9 3.5 3.2 3.6 3.3 
As a percentage of short-term debt 88.1 107.6 96.1 84.8 38.7 91.5 106.7 69.2 66.3 78.0 
Net foreign-exchange reserves, US$ milliond — — — — — 4150 5072 4011 4162 4597 
In months of imports — — — — — 3.3 2.8 2.3 2.2 2.2 
As a percentage of short-term debt — — — — — 77.5 84.4 48.2 41.3 50.9 
Foreign direct investmente, US$ million 217 234 480 603 752 404 478 956 941 919 
Indicators2004200520062007200820092010201120122013
GNP per capita at current price, US$ 1,062 1,241 1,421 1,617 2,014 2,057 2,400 2,836 2,862 3,191 
GNP per capita at constant (2005) price, US$ 1,182 1,241 1,323 1,400 1,471 1,505 1,611 1,727 1,818 1,920 
Real GDP (2002 price) growth, % 5.4 6.2 7.7 6.8 3.5 8.3 6.4 7.3 
Unemployment rate, % 8.3 7.7 6.5 5.4 5.8 4.9 4.2 4.0 4.4 
Inflation (CPI) rate, % 7.6 11.6 10 15.8 22.6 3.5 6.2 6.7 7.6 6.9 
Budget deficit, % of GDP −7.5 −7 −7 −6.9 −7 −9.9 −8 −6.9 −6.5 −5.9 
Public debt outstanding, % of GDP 102.3 90.6 87.9 85 81.4 86.2 81.9 78.5 79.2 78.2 
Of which foreign debta 47.6 39 37.6 37.1 32.9 36.4 36.1 35.6 36.5 34.1 
Exchange rate, Rp/US$ 101.2 100.5 104 110.6 108.3 114.9 113.1 110.5 127.6 129.1 
Real effective exchange rate (2004 = 100)b 100 92.8 90.6 90.5 77 75.1 73.4 71.9 77.4 73.8 
Trade balance, % of GDP −10.9 −10.3 −11.9 −11.3 −14.7 −7.4 −9.7 −16.4 −15.8 −9.4 
Exports (FOB) 27.9 26.0 24.3 23.6 19.9 16.8 17.4 17.8 16.4 15.5 
Imports (CIF) 38.7 36.3 36.3 34.9 34.6 24.3 27.1 34.2 32.3 26.9 
Current account balance, % of GDP −3.1 −2.7 −5.3 −4.3 −9.5 −0.5 −2.9 −7.8 −6.6 −3.9 
Total external debt to GDP ratio, % 54.9 46.5 49.4 51.0 43.7 49.7 50.1 55.4 62.5 59.2 
Debt service ratioc, % 11.6 7.9 12.7 13.1 18 22.4 16.7 12.7 19.7 25.3 
Gross foreign-exchange reserves, US$ millionc 1,834 2,508 2,526 3,062 1,594 4,897 6,410 5,758 6,677 7,041 
In months of imports 2.8 3.4 3.3 3.7 1.4 3.9 3.5 3.2 3.6 3.3 
As a percentage of short-term debt 88.1 107.6 96.1 84.8 38.7 91.5 106.7 69.2 66.3 78.0 
Net foreign-exchange reserves, US$ milliond — — — — — 4150 5072 4011 4162 4597 
In months of imports — — — — — 3.3 2.8 2.3 2.2 2.2 
As a percentage of short-term debt — — — — — 77.5 84.4 48.2 41.3 50.9 
Foreign direct investmente, US$ million 217 234 480 603 752 404 478 956 941 919 

Source: Data on net foreign-exchange reserves are from IMF (2013 and 2014); all other data are compiled from Central Bank of Sri Lanka, Annual Report (various years).

Notes:a. The figures reported here do not include purchase of treasury bills by foreign investors, which increased from US$ 63 million (0.1 percent of GDP) to US$ 92 million (1.6 percent of GDP) in 2012.

b. Original Central bank index inverted: an increase (decree) implies depreciation (appreciation).

c. Net of Asian Clearance Union debit balances.

d. Excluding foreign exchange swap with domestic financial institutions and short-term contractual repayment obligations of the Central bank.

e. Net of foreign-currency loans received by the enterprises approved by the Board of Investment.

— Data not available.

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