sri lanka: recent economic developments in chartstourism arrivals and earnings monthly arrivals 0...

43
Sri Lanka: Macroeconomic Developments in Charts March 2015 Central Bank of Sri Lanka Economic Research Department

Upload: others

Post on 31-Aug-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Sri Lanka: Macroeconomic Developments in

Charts

March 2015

Central Bank of Sri LankaEconomic Research Department

Page 2: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

IndexReal Sector and Inflation

Real GDP Growth (Annual /Quarterly)

Sectoral GDP Growth

Per Capita GDP

Unemployment

Poverty

Inflation (Headline and Core Inflation)

External SectorEarnings from Merchandise Exports

Earnings from Merchandise Imports

Trade Balance

Tourism: Arrivals and Earnings

Tourism: Monthly Arrivals

Workers’ Remittances

Current Account Balance

Balance of Payment

Foreign Direct Investment Flows

Gross Official Reserves

Exchange Rate Movements

Fiscal SectorGovernment Revenue

Government Expenditure: Recurrent Expenditure

Government Expenditure: Public Investment

Budget Deficit

Public Debt

Monetary SectorReserve Money Growth and Money Multiplier

Broad Money Growth

Credit to the Private Sector

Net Credit to Government

Credit to Public Corporations

Net Foreign Assets

Policy Interest Rates and Overnight Money Market Rates

Treasury Bill Yields and the Yield Curve

Market Interest Rates

Financial SectorBanking Sector Indicators(i)

Banking Sector Indicators(ii)

Banking Density

Non-Bank Financial Sector Indicators(i)

Non-Bank Financial Sector Indicators(ii)

Stock Market Performance

Central Bank of Sri Lanka Economic Research Department

Page 3: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Real Sector and Inflation

Central Bank of Sri Lanka Economic Research Department

Page 4: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Real GDP GrowthAnnual Real GDP Growth Quarterly Real GDP Growth

6.0

-1.5

4.0

5.95.4

6.2

7.7

6.8

6.0

3.5

8.0 8.2

6.3

7.2 7.4

-2

0

2

4

6

8

10

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

%

6.2

7.0

6.3

4.3

1.6

2.1

4.2

6.1

7.1

8.5

8.0

8.6

8.0 8.18.5

8.38.0

6.4

4.8

6.36.1

6.8

7.98.2

7.67.8 7.7

6.4

0

1

2

3

4

5

6

7

8

9

10

20

08

-Q1

20

08

-Q4

20

09

-Q3

20

10

-Q2

20

11

-Q1

20

11

-Q4

20

12

-Q3

20

13

-Q2

20

14

-Q1

20

14

-Q4

%

Central Bank of Sri Lanka Economic Research Department

Source: Department of Census and Statistics

Page 5: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Sectoral GDP Growth

-10

-5

0

5

10

15

Q1 Q2 Q3 Q4

Gro

wth

Rat

e (%

)

Agriculture Sector

2011 2012 2013 2014

0

5

10

15

Q1 Q2 Q3 Q4

Gro

wth

Rat

e (%

)

Industry Sector

2011 2012 2013 2014

0

2

4

6

8

10

Q1 Q2 Q3 Q4

Gro

wth

Rat

e (%

)

Services Sector

2011 2012 2013 2014

Central Bank of Sri Lanka Economic Research Department Source: Department of Census and Statistics

Page 6: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Per Capita GDP

869 838 874981

1,062

1,241

1,421

1,617

2,011 2,054

2,397

2,836 2,922

3,280

3,625

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

US$

Central Bank of Sri Lanka Economic Research Department

Source: Department of Census and StatisticsCentral Bank of Sri Lanka

Page 7: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Unemployment

Central Bank of Sri Lanka Economic Research Department

Source: Department of Census and Statistics

7.67.9

8.88.4 8.3

7.2

6.5

6.0

5.45.8

4.9

4.24.0

4.4 4.3

0

1

2

3

4

5

6

7

8

9

10

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

%

Page 8: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Poverty

28.8

22.7

15.2

8.9

6.7

0

5

10

15

20

25

30

35

1995/1996 2002 2006/2007 2009/2010 2012/2013

%

Poverty Headcount Ratio

Central Bank of Sri Lanka Economic Research Department

Source: Department of Census and Statistics

Page 9: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

1.4

0

5

10

15

20

25

De

c-0

6M

ar-0

7Ju

n-0

7Se

p-0

7D

ec-

07

Mar

-08

Jun

-08

Sep

-08

De

c-0

8M

ar-0

9Ju

n-0

9Se

p-0

9D

ec-

09

Mar

-10

Jun

-10

Sep

-10

De

c-1

0M

ar-1

1Ju

n-1

1Se

p-1

1D

ec-

11

Mar

-12

Jun

-12

Sep

-12

De

c-1

2M

ar-1

3Ju

n-1

3Se

p-1

3D

ec-

13

Mar

-14

Jun

-14

Sep

-14

De

c-1

4M

ar-1

5

%

Core (xFFET+ RC)*

Inflation

Headline Inflation Core Inflation(Y-O-Y)

Central Bank of Sri Lanka Economic Research Department

Source: Department of Census and Statistics

0.1

2.5

0

5

10

15

20

25

30

De

c-0

6M

ar-0

7Ju

n-0

7Se

p-0

7D

ec-

07

Mar

-08

Jun

-08

Sep

-08

De

c-0

8M

ar-0

9Ju

n-0

9Se

p-0

9D

ec-

09

Mar

-10

Jun

-10

Sep

-10

De

c-1

0M

ar-1

1Ju

n-1

1Se

p-1

1D

ec-

11

Mar

-12

Jun

-12

Sep

-12

De

c-1

2M

ar-1

3Ju

n-1

3Se

p-1

3D

ec-

13

Mar

-14

Jun

-14

Sep

-14

De

c-1

4M

ar-1

5

%

Headline (Y-o-Y) Headline (Annual Avg.)*Calculated by excluding fresh food, energy, transport, rice and coconut from the Colombo

Consumers’ Price index.

Page 10: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

External Sector

Central Bank of Sri Lanka Economic Research Department

Page 11: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Earnings from Merchandise Exports

600

650

700

750

800

850

900

950

1,000

1,050

1,100

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

US$

mn

2011 2012 2013 2014 2015

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka and Sri Lanka Custom

Page 12: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Expenditure on Merchandise Imports

1,000

1,200

1,400

1,600

1,800

2,000

2,200

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

US$

mn

2011 2012 2013 2014 2015

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka and Sri Lanka Custom

Page 13: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Trade Balance

-1.8

-1.2-1.4 -1.5

-2.2-2.5

-3.4-3.7

-6.0

-3.1

-4.8

-9.7-9.4

-7.6

-8.3

-1.9

-12.0

-10.0

-8.0

-6.0

-4.0

-2.0

0.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Q1

US$

bn

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 14: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

TourismArrivals and Earnings Monthly Arrivals

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Nu

mb

er2012 2013 2014 2015

252 213

363454 408 429 410 385 342 350

576

830

1039

1715

2431

762

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

0

500

1,000

1,500

2,000

2,500

3,000

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15 Q

1

Nu

mb

er

US$

mn

Earnings from tourism(US$ mn) Tourist arrivals(No)

Central Bank of Sri Lanka Economic Research Department

Source: SLTDASource: Central Bank of Sri Lanka and Sri Lanka Tourist Development Authority (SLTDA)

Page 15: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Workers’ Remittances

1,160 1,155 1,287 1,414 1,305

1,968 2,161

2,502

2,918

3,330

4,116

5,145

5,985

6,407

7,018

1,661

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Q1

US$

mn

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 16: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Current Account Balance

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

-1.1

-0.2 -0.2-0.1

-0.6 -0.7

-1.5-1.4

-3.9

-0.2

-1.1

-4.6

-4.0

-2.5

-2.0

-5.0

-4.5

-4.0

-3.5

-3.0

-2.5

-2.0

-1.5

-1.0

-0.5

0.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

US$

bn

Page 17: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Foreign Direct Investment Inflows

175 82

197 229 223 272

604

734

889

601 516

1,066

1,382 1,437

1,685

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

US$

mn

Central Bank of Sri LankaEconomic Research Department

Source: Central Bank of Sri Lanka, Board of Investment and Colombo Stock Exchange

Page 18: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Balance of Payments

-0.50.2

0.30.5

-0.2

0.5

0.2

0.5

-1.4

2.7

0.9

-1.10.2

1.0

1.4

-2.0

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

US$

bn

Overall Balance

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 19: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Gross Official Reserves

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

0

1

2

3

4

5

6

7

8

0

1

2

3

4

5

6

7

8

9

10

Mar

-09

Jun

-09

Sep

-09

De

c-0

9

Mar

-10

Jun

-10

Sep

-10

De

c-1

0

Mar

-11

Jun

-11

Sep

-11

De

c-1

1

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Mo

nth

s

US$

bn

Gross Official Reserves and Months of Imports

Gross Reserves Months of Imports

Page 20: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Exchange Rate Movements

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

109

114

119

124

129

134

139

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs. US Dollar

103

108

113

118

123

128

133

138

143

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs. Australian Dollar

1.00

1.10

1.20

1.30

1.40

1.50

1.60

1.70

1.80

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs. Japanese Yen

170

180

190

200

210

220

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs. Sterling Pound

1.90

2.00

2.10

2.20

2.30

2.40

2.50

2.60

2.70

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs. Indian Rupee

138

148

158

168

178

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs. Euro

Page 21: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Fiscal Sector

Central Bank of Sri Lanka Economic Research Department

Page 22: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Government Revenue

16.8 16.6 16.6

15.2 14.915.5

16.315.8

14.914.5 14.6 14.8

13.913.1

12.2

0

2

4

6

8

10

12

14

16

182

00

0

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

P.

% o

f G

DP

Central Bank of Sri Lanka Economic Research Department

Source: Ministry of Finance

Page 23: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Government ExpenditureRecurrent Expenditure Public Investment

6.4

5.9

4.64.8

5.1

6.1 66.4

6.0

6.86.4 6.5

5.95.5

5.0

0

1

2

3

4

5

6

7

8

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

P.

% o

f G

DP

20.2 21.6

20.9

18.4 18.6 18.1 18.6 17.4 16.9

18.216.7

15.714.9

13.9 13.5

0

5

10

15

20

25

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

P.

% o

f G

DP

Central Bank of Sri Lanka Economic Research Department

Source: Ministry of Finance

Page 24: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Budget Deficit

9.5

10.4

8.5

7.37.5

7 7 6.9 7

9.9

8

6.96.5

5.9 6.0

0

2

4

6

8

10

12

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 P.

% o

f G

DP

Central Bank of Sri Lanka Economic Research Department

Source: Ministry of Finance

Page 25: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Central Government Debt

96.9

103.3105.6

102.3 102.3

90.687.9

85.081.4

86.2

81.978.5 79.2 78.3

75.5

0

20

40

60

80

100

1202

00

0

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

P.

% o

f G

DP

Central Bank of Sri Lanka Economic Research Department

Source: Ministry of Finance

Page 26: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Monetary Sector

Central Bank of Sri Lanka Economic Research Department

Page 27: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Reserve Money Growth and Money Multiplier

Reserve Money Growth(Y-O-Y) Money Multiplier

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

0

1

2

3

4

5

6

7

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

Q1

M1 M2 M2b

24.7

20.6

8.8

-1.6

3.4

1.5

18.8

-5

0

5

10

15

20

25

30

Mar

-11

Jun

-11

Sep

-11

De

c-1

1

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

% Y

-O-Y

Page 28: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Broad Money Growth

17.7

20.7

19.1

22.8

18.2

15.2 15.3

18.3

16.7

14.7

13.0

11.9

12.8

12.5

10

12

14

16

18

20

22

24

Jan

-11

Feb

-11

Mar

-11

Ap

r-1

1M

ay-1

1Ju

n-1

1Ju

l-1

1A

ug-

11

Sep

-11

Oct

-11

No

v-1

1D

ec-1

1Ja

n-1

2Fe

b-1

2M

ar-1

2A

pr-

12

May

-12

Jun

-12

Jul-

12

Au

g-1

2Se

p-1

2O

ct-1

2N

ov-

12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3M

ay-1

3Ju

n-1

3Ju

l-1

3A

ug-

13

Sep

-13

Oct

-13

No

v-1

3D

ec-1

3Ja

n-1

4Fe

b-1

4M

ar-1

4A

pr-

14

May

-14

Jun

-14

Jul-

14

Au

g-1

4Se

p-1

4O

ct-1

4N

ov-

14

Dec

-14

Jan

-15

Feb

-15

Mar

-15

%

Broad Money (M2b) Growth(Y-O-Y)

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 29: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Credit to the Private Sector

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

5.3

28.5

-6.3

34.4

8.8

13.9

-10

-5

0

5

10

15

20

25

30

35

40

0

500

1,000

1,500

2,000

2,500

3,000

Jan

-02

Mar

-02

May

-02

Jul-

02

Sep

-02

No

v-0

2Ja

n-0

3M

ar-0

3M

ay-0

3Ju

l-0

3Se

p-0

3N

ov-

03

Jan

-04

Mar

-04

May

-04

Jul-

04

Sep

-04

No

v-0

4Ja

n-0

5M

ar-0

5M

ay-0

5Ju

l-0

5Se

p-0

5N

ov-

05

Jan

-06

Mar

-06

May

-06

Jul-

06

Sep

-06

No

v-0

6Ja

n-0

7M

ar-0

7M

ay-0

7Ju

l-0

7Se

p-0

7N

ov-

07

Jan

-08

Mar

-08

May

-08

Jul-

08

Sep

-08

No

v-0

8Ja

n-0

9M

ar-0

9M

ay-0

9Ju

l-0

9Se

p-0

9N

ov-

09

Jan

-10

Mar

-10

May

-10

Jul-

10

Sep

-10

No

v-1

0Ja

n-1

1M

ar-1

1M

ay-1

1Ju

l-1

1Se

p-1

1N

ov-

11

Jan

-12

Mar

-12

May

-12

Jul-

12

Sep

-12

No

v-1

2Ja

n-1

3M

ar-1

3M

ay-1

3Ju

l-1

3Se

p-1

3N

ov-

13

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4Ja

n-1

5M

ar-1

5

%

Rs.

bn

Private Sector Credit Volume(LHS) Private Sector Credit Growth(RHS)

Page 30: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Net Credit to the Government

Central Bank of Sri LankaEconomic Research Department

Source: Central Bank of Sri Lanka

203

781

1343

1645

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Jan

-00

Au

g-0

0

Mar

-01

Oct

-01

May

-02

De

c-0

2

Jul-

03

Feb

-04

Sep

-04

Ap

r-0

5

No

v-0

5

Jun

-06

Jan

-07

Au

g-0

7

Mar

-08

Oct

-08

May

-09

De

c-0

9

Jul-

10

Feb

-11

Sep

-11

Ap

r-1

2

No

v-1

2

Jun

-13

Jan

-14

Au

g-1

4

Mar

-15

Rs.

bn

Central Bank Commercial Banks Claim on Government (net)

Page 31: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Credit to Public Corporations

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

41 54

155

364 359

331

485

0

100

200

300

400

500

600

Dec

-01

Mar

-02

Jun

-02

Sep

-02

Dec

-02

Mar

-03

Jun

-03

Sep

-03

Dec

-03

Mar

-04

Jun

-04

Sep

-04

Dec

-04

Mar

-05

Jun

-05

Sep

-05

Dec

-05

Mar

-06

Jun

-06

Sep

-06

Dec

-06

Mar

-07

Jun

-07

Sep

-07

Dec

-07

Mar

-08

Jun

-08

Sep

-08

Dec

-08

Mar

-09

Jun

-09

Sep

-09

Dec

-09

Mar

-10

Jun

-10

Sep

-10

Dec

-10

Mar

-11

Jun

-11

Sep

-11

Dec

-11

Mar

-12

Jun

-12

Sep

-12

Dec

-12

Mar

-13

Jun

-13

Sep

-13

Dec

-13

Mar

-14

Jun

-14

Sep

-14

Dec

-14

Mar

-15

Rs.

bn

Page 32: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Net Foreign Assets(NFA)

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

253.17

-197.8-162.04

-1,000

-800

-600

-400

-200

0

200

400

600

800

1,000

De

c-0

2

Mar

-03

Jun

-03

Sep

-03

De

c-0

3

Mar

-04

Jun

-04

Sep

-04

De

c-0

4

Mar

-05

Jun

-05

Sep

-05

De

c-0

5

Mar

-06

Jun

-06

Sep

-06

De

c-0

6

Mar

-07

Jun

-07

Sep

-07

De

c-0

7

Mar

-08

Jun

-08

Sep

-08

De

c-0

8

Mar

-09

Jun

-09

Sep

-09

De

c-0

9

Mar

-10

Jun

-10

Sep

-10

De

c-1

0

Mar

-11

Jun

-11

Sep

-11

De

c-1

1

Mar

-12

Jun

-12

Sep

-12

De

c-1

2

Mar

-13

Jun

-13

Sep

-13

De

c-1

3

Mar

-14

Jun

-14

Sep

-14

De

c-1

4

Mar

-15

Rs.

bn

NFA of Central Bank NFA of Commercial Banks NFA of the Banking System

Page 33: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Policy Interest Rates and Overnight Money Market Rates

4

5

6

7

8

9

10

11

12

30

-Jan

-12

4-M

ar-1

2

7-A

pr-

12

11

-May

-12

14

-Ju

n-1

2

18

-Ju

l-1

2

21

-Au

g-1

2

24

-Se

p-1

2

28

-Oct

-12

1-D

ec-1

2

4-J

an-1

3

7-F

eb

-13

13

-Mar

-13

16

-Ap

r-1

3

20

-May

-13

23

-Ju

n-1

3

27

-Ju

l-1

3

30

-Au

g-1

3

3-O

ct-1

3

6-N

ov-

13

10

-Dec

-13

13

-Jan

-14

16

-Fe

b-1

4

22

-Mar

-14

25

-Ap

r-1

4

29

-May

-14

2-J

ul-

14

5-A

ug-

14

8-S

ep

-14

12

-Oct

-14

15

-No

v-1

4

19

-Dec

-14

22

-Jan

-15

25

-Fe

b-1

5

31

-Mar

-15

%

Average Weighted Call Money Rate Standing Deposit Facility Rate* Standing Lending Facility Rate **

*Previously named as the Repo Rate

** Previously named as the Reverse Repo Rate

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 34: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Treasury Bill Yields and the Yield Curve

0

2

4

6

8

10

12

14

16

1-J

an-1

12

0-F

eb-1

11

1-A

pr-

11

31

-May

-11

20

-Ju

l-1

18

-Sep

-11

28

-Oct

-11

17

-Dec

-11

5-F

eb-1

22

6-M

ar-1

21

5-M

ay-1

24

-Ju

l-1

22

3-A

ug-

12

12

-Oct

-12

1-D

ec-1

22

0-J

an-1

31

1-M

ar-1

33

0-A

pr-

13

19

-Ju

n-1

38

-Au

g-13

27

-Sep

-13

16

-No

v-1

35

-Jan

-14

24

-Feb

-14

15

-Ap

r-1

44

-Ju

n-1

42

4-J

ul-

14

12

-Sep

-14

1-N

ov-

14

21

-Dec

-14

9-F

eb-1

53

1-M

ar-1

5

%

Treasury Bill Yields and Policy Interest Rates

Standing Deposit Facility Rate Standing Lending Facility Rate91- Day Treasury bill 364- Day Treasury bill182- Day Treasury bill

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

5

6

7

8

9

10

11

12

13

3 M

on

th

6 M

on

th

12

Mo

nth

2 Y

ear

3 Y

ear

4 Y

ear

5 Y

ear

6 Y

ear

8 Y

ear

10

Yea

r

15

Yea

r

20

Yea

r

30

Yea

r

%

Secondary Market Yield Curve

End 2011 End 2012 End 2013

End 2014 2015 Q1

Page 35: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Market Interest Rates

0

2

4

6

8

10

12

14

16

18

Feb

-11

Mar

-11

Ap

r-1

1M

ay-1

1Ju

n-1

1Ju

l-1

1A

ug-

11

Sep

-11

Oct

-11

No

v-1

1D

ec-

11

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2M

ay-1

2Ju

n-1

2Ju

l-1

2A

ug-

12

Sep

-12

Oct

-12

No

v-1

2D

ec-

12

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3M

ay-1

3Ju

n-1

3Ju

l-1

3A

ug-

13

Sep

-13

Oct

-13

No

v-1

3D

ec-

13

Jan

-14

Feb

-14

Mar

-14

Ap

r-1

4M

ay-1

4Ju

n-1

4Ju

l-1

4A

ug-

14

Sep

-14

Oct

-14

No

v-1

4D

ec-

14

Jan

-15

Feb

-15

Mar

-15

%

Monthly Average Weighted Prime Lending Rate (AWPR) Average Weighted Deposit Rate (AWDR)

Average Weighted Fixed Deposit Rate (AWFDR) Average Weighted Lending Rate (AWLR)

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 36: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Financial Sector

Central Bank of Sri Lanka Economic Research Department

Page 37: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Banking Sector Indicators(i)

103 136 107 99 117 191 166 177

6.3

8.5

5.4

3.8 3.7

5.6

4.2 4.3

3.4

5.0

3.0

2.12.2

3.8

2.6 2.7

0

1

2

3

4

5

6

7

8

9

0

50

100

150

200

250

2008 2009 2010 2011 2012 2013 2014 2015Q1

%

Rs.

bn

Non-Performing Loans of the Banking Sector

Gross NPL Volume(Rs.bn) Gross NPL Ratio(%) Net NPL Ratio(%)

1,975

2,601

3,149 3,427

3,895 4,082

2,586

3,073

3,625

4,170

4,686 4,775

-

1,000

2,000

3,000

4,000

5,000

6,000

2010 2011 2012 2013 2014 2015 Q1

Rs.

bn

Assets and Liabilities of the Banking Sector

Loans and Advances Deposits

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 38: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Banking Sector Indicators(ii)

13.4

11.8

22.0

19.8 20.3

16.0 16.6 16.4

4.44.6 4.6

4.2 4.1

3.5 3.5

3.8

1.1 1.0

1.8 1.7 1.7

1.3 1.4 1.4

1

2

3

4

5

0

5

10

15

20

25

2008 2009 2010 2011 2012 2013 2014 2015 Q1%%

Profitability Indicators

Return on Equity Net Interest Margin Return on Assets

1,571 1,527 1,815 2,269 2,601 2,942 3,483 3,639

12.5

14.114.3 14.4

14.7 14.9

14.113.8

14.5

16.1 16.216.0

16.4

17.6

16.7

16.3

10

11

12

13

14

15

16

17

18

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2008 2009 2010 2011 2012 2013 2014 2015Q1

%

Rs.

bn

Capital Adequacy Ratios

Risk Weighted Aseets (Rs.bn) Core CAR (%) Total CAR (%)

Central Bank of Sri Lanka Economic Research Department

Source: Central Bank of Sri Lanka

Page 39: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Banking Density by Province2009 2014

Central Bank of Sri Lanka Economic Research Department

Page 40: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Non-Bank Financial Sector Indicators(i)

387.9

489.9

596.6

717.6

853.3 891.0

0

100

200

300

400

500

600

700

800

900

1,000

2010 2011 2012 2013 2014 2015 Q1

Rs.

bn

Assets of the LFC & SLC Sector

146.1

186.0

254.1

337.3

414.0 418.3

0

50

100

150

200

250

300

350

400

450

2010 2011 2012 2013 2014 2015 Q1

Rs.

bn

Total Deposits of the LFC & SLC Sector

Central Bank of Sri LankaEconomic Research Department

Source: Central Bank of Sri Lanka

LFC: Licensed Finance CompaniesSLC: Specilised Leasing Companies

Page 41: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Non-Bank Financial Sector Indicators(ii)

4.16.9 7.6 7.4

6.6

8.0

0.4 3.2 5.9 4.22.1 3.0

-2.8

11.6

34.3

18.9

8.2

13.1

-5

0

5

10

15

20

25

30

35

40

2009 2010 2011 2012 2013 2014

%

Profitability Indicators of the LFC and SLC Sector

Net Interest Margin Return on Assets Return on Equity

Central Bank of Sri LankaEconomic Research Department

Source: Central Bank of Sri Lanka

17.9 20.9 19.8 23.5 37.0 44.3 43.3

9.1

7.9

5.1

5.0

6.7 6.96.3

4.5

3.4

1.9 1.6

2.5 2.31.9

0

2

4

6

8

10

0

5

10

15

20

25

30

35

40

45

50

2009 2010 2011 2012 2013 2014 2015Q1

%

Rs.

bn

Non-Performing Advances

Gross NPA (Rs.bn) Gross NPA Ratio (%) Net NPA Ratio (%)

Page 42: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

Stock Market PerformanceShare Price Indices and Market Capitalisation Net Foreign Inflows to the Secondary

Market

Central Bank of Sri Lanka Economic Research Department

Source: Colombo Stock Exchange

0

500

1,000

1,500

2,000

2,500

3,000

3,500

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2-J

an-1

1

29

-Mar

-11

23

-Ju

n-1

1

17

-Se

p-1

1

12

-Dec

-11

7-M

ar-1

2

1-J

un

-12

26

-Au

g-1

2

20

-No

v-1

2

14

-Fe

b-1

3

11

-May

-13

5-A

ug-

13

30

-Oct

-13

24

-Jan

-14

20

-Ap

r-1

4

15

-Ju

l-1

4

9-O

ct-1

4

3-J

an-1

5

30

-Mar

-15

Rs.

bn

Ind

ex

Share Price Indices and Market Capitalisation

Market Capitalisation (RHS) All Share Price Index (LHS)

S&P SL 20 Index (LHS)

-6.3

-229.7

-171.2

305.2

178.7158.3

21.9

-300

-200

-100

0

100

200

300

400

2009 2010 2011 2012 2013 2014 2015 Q1

US$

mn

Net Foreign Inflows

Page 43: Sri Lanka: Recent Economic Developments in ChartsTourism Arrivals and Earnings Monthly Arrivals 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 Jan Feb

The sets of graphs above summarise macroeconomicand financial market trends in Sri Lanka. However,these graphs do not provide source data. An extensiveset of data is available in the CBSL website. Informationfor 2014 and 2015 Q1 are provisional.

Central Bank of Sri Lanka Economic Research Department