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Sri Lanka

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Country summary

Capital

Colombo

Borders

(N/A)

Government type

republic

Population

21,324,791[1]

Population growth

0.904% (2010 est.)[1]

Life expectancy

75.14 years[1]

Unemployment

5.9% (2009 est.)[1]

Index of Economic Freedom

120[2]

Corruption Perceptions Index

97[3]

Doing Business ranking

105[4]


The first Sinhalese arrived in Sri Lanka late in the 6th century B.C. probably from northern India. Buddhism was introduced in about the mid-third century B.C., and a great civilization developed at the cities of Anuradhapura (kingdom from circa 200 B.C. to circa A.D. 1000) and Polonnaruwa (from about 1070 to 1200). In the 14th century, a south Indian dynasty established a Tamil kingdom in northern Sri Lanka. The coastal areas of the island were controlled by the Portuguese in the 16th century and by the Dutch in the 17th century. The island was ceded to the British in 1796, became a crown colony in 1802, and was united under British rule by 1815. As Ceylon, it became independent in 1948; its name was changed to Sri Lanka in 1972. Tensions between the Sinhalese majority and Tamil separatists erupted into war in 1983. After two decades of fighting, the government and Liberation Tigers of Tamil Eelam (LTTE) formalized a cease-fire in February 2002 with Norway brokering peace negotiations. Violence between the LTTE and government forces intensified in 2006 and the government regained control of the Eastern Province in 2007. In May 2009, the government announced that its military had finally defeated the remnants of the LTTE and that its leader, Velupillai PRABHAKARAN, had been killed.[1]

Economical characteristicsEdit

  • Currency: Sri Lankan Rupee (ISO code: LKR)
  • Central bank discount rate: 7.5% (31 December 2009)[1]
  • Commercial banks lending rate: 10.91% (31 December 2009)[1]
  • Stock of money (M1): $2.462 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $11.01 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 15 656 16 331 15 746 17 103 18 882 20 663 24 406 28 281 32 363 40 565
Govt. debt (% of GDP)[6] 95.108 96.904 103.219 102.032 102.271 102.329 90.605 88.699 84.994
Govt. revenue (% of GDP)[7] 17.713 16.797 16.640 15.887 15.159 14.892 15.479 16.226 15.774
Govt. expenses (% of GDP)[8] 21.219 22.989 23.813 22.149 20.478 20.711 20.196 21.148 20.047
Debt to revenue (years) 5.370 5.769 6.203 6.422 6.747 6.871 5.853 5.467 5.388

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Sri Lanka", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Sri Lanka", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Sri Lanka", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. Doing Business. "Sri Lanka", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. World Bank. "Sri Lanka: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Sri Lanka: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Sri Lanka: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Sri Lanka: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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