sri lanka: macroeconomic developments in charts...index of industrial production (iip)* central bank...
TRANSCRIPT
-
Sri Lanka: Macroeconomic Developments in
Charts
Second Quarter 2020
Central Bank of Sri LankaEconomic Research Department
-
IndexReal Sector and Inflation
Real GDP Growth (Annual /Quarterly)
Sectoral GDP Growth
Per Capita GDP
Index of Industrial Production (IIP)
Unemployment
Poverty
CCPI based Inflation
NCPI based Inflation
Producer's Price Index (PPI)
External SectorEarnings from Merchandise Exports
Expenditure from Merchandise Imports
Trade Balance
Tourism: Arrivals and Earnings
Tourism: Monthly Arrivals
Workers’ Remittances
Current Account Balance
Foreign Direct Investment Flows
Balance of Payment
Gross Official Reserves
Exchange Rate Movements
Fiscal SectorGovernment Revenue
Government Expenditure
Public Investment
Budget Deficit
Central Government 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
-
Real Sector and Inflation
Central Bank of Sri Lanka Economic Research Department
-
Central Bank of Sri Lanka Economic Research Department
Real GDP GrowthAnnual Real GDP Growth Quarterly Real GDP Growth
Source: Department of Census and Statistics
Note: Data from 2011 are based on the base year 2010 GDP estimates of the Department of Census and Statistics Data are based on latest GDP estimates made available on 04 August 2020 by the Department of Census and StatisticsData for Q2 2020 will be released along with the release of data for Q3 2020 on 15 December 2020 as announced by the Department of Census and Statistics
6.0
-1.5
4.0
5.95.4
6.2
7.7
6.8
6.0
3.5
8.08.4
9.1
3.4
5.0 5.04.5
3.63.3
2.3
-2
0
2
4
6
8
10
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Gro
wth
Rat
e (
%)
1.3
2.2
5.1
10.6
3.9
7.1
5.9
3.3
6.2
2.0
4.5
5.3
3.53.73.4
3.73.84.0
3.7
1.9
3.7
1.1
2.42.0
-1.6-2
0
2
4
6
8
10
12
2014
-Q1
2014
-Q2
2014
-Q3
2014
-Q4
2015
-Q1
2015
-Q2
2015
-Q3
2015
-Q4
2016
-Q1
2016
-Q2
2016
-Q3
2016
-Q4
2017
-Q1
2017
-Q2
2017
-Q3
2017
-Q4
2018
-Q1
2018
-Q2
2018
-Q3
2018
-Q4
2019
-Q1
2019
-Q2
2019
-Q3
2019
-Q4
2020
-Q1
Gro
wth
Rat
e (
%)
-
Sectoral GDP Growth
Central Bank of Sri Lanka Economic Research Department
Note: Data are based on the base year 2010 GDP estimates of the Department of Census and StatisticsData are based on latest GDP estimates made available on 04 August 2020 by the Department of Census and StatisticsData for Q2 2020 will be released along with the release of data for Q3 2020 on 15 December 2020 as announced by the Department of Census and Statistics
Source: Department of Census and Statistics
-5.2 -6.3
3.0
-6.1
-4.5-2.7 -2.1
7.25.9
6.65.1
8.2
5.0
1.5 1.0
-4.1-5.6
-10
-5
0
5
10
Q1 Q2 Q3 Q4
Gro
wth
Rat
e (
%)
Agriculture
2016 2017 2018 2019 2020
14.8
0.9 1.6
4.83.9
5.5 5.34.3
1.63.5 3.5
-3.4
3.91.6
3.51.4
-7.8-10
-5
0
5
10
15
20
Q1 Q2 Q3 Q4
Gro
wth
Rat
e (
%)
Industry
2016 2017 2018 2019 2020
3.4 3.4
5.86.3
4.43.9
2.83.4
5.14.6 4.4 4.2
3.7
0.7
2.12.73.1
0
5
10
Q1 Q2 Q3 Q4
Gro
wth
Rat
e (
%)
Services
2016 2017 2018 2019 2020
-
Note: Data from 2011 are based on the base year 2010 GDP estimates of the Department of Census and Statistics and updated with latest population dataData are based on latest GDP estimates made available on 31 March 2020 by the Department of Census and Statistics
Per Capita GDP
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and StatisticsCentral Bank of Sri Lanka
869 838 874985
1,0631,242
1,4231,614
2,011 2,054
2,744
3,125
3,351
3,609
3,819 3,841 3,8864,077 4,079
3,852
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019(Prov.)
US
$
-
Index of Industrial Production (IIP)*
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
*Based on the Index of Industrial Production (IIP,2015=100)
108.7
103.6
110.3
97.7
105.7105.0
106.1109.3
106.7
110.8107.4
109.0108.8
104.2
116.5
96.9
106.1107.5 108.6
112.2
107.2
112.1108.7 108.5 108.1
103.9
83.8
49.7
79.0
92.8
0
20
40
60
80
100
120
Jan
-18
Feb
-18
Mar
-18
Ap
r-18
May
-18
Jun
-18
Jul-1
8
Au
g-1
8
Se
p-1
8
Oct
-18
No
v-18
De
c-18
Jan
-19
Feb
-19
Mar
-19
Ap
r-19
May
-19
Jun
-19
Jul-1
9
Au
g-1
9
Se
p-1
9
Oct
-19
No
v-19
De
c-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-20
May
-20
Jun
-20
%
-
Unemployment
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
7.67.9
8.88.4 8.3
7.7
6.5
6.0
5.45.8
4.9
4.24.0
4.4 4.34.7
4.44.2
4.44.8
5.4
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 2015 2016 2017 2018 2019 2020Q2
%
-
Poverty
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
28.8
22.7
15.2
8.9
6.7
4.1
0
5
10
15
20
25
30
1995/1996 2002 2006/2007 2009/2010 2012/2013 2016
%
Poverty Headcount Ratio
-
CCPI based Inflation*
CCPI based Headline Inflation CCPI based Core Inflation**
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
*Based on the Colombo Consumer Price Index (CCPI, 2013=100)
**Core Inflation is calculated by excluding volatile food, energy and transport categories from the CCPI
3.9
4.7
0
1
2
3
4
5
6
7
8
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Headline (Y-o-Y) Headline (Annual Avg.)
3.1
4.2
0
1
2
3
4
5
6
7
8
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Core (Y-o-Y) Core (Annual Avg.)
-
NCPI based Inflation*
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
NCPI based Headline Inflation NCPI based Core Inflation**
*Based on the National Consumer Price Index (NCPI, 2013=100)
**Core Inflation is calculated by excluding volatile food, energy and transport categories from the NCPI
6.3
5.6
-2
0
2
4
6
8
10
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Headline (Y-o-Y) Headline (Annual Avg.)
4.4
4.6
0
2
4
6
8
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Core (Y-o-Y) Core (Annual Avg.)
-
Producer's Price Index (PPI)*
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
*Based on the Producer’s Price Index (PPI,2013 Q4=100)
146.5
184.7
136.3
90.6
80
100
120
140
160
180
200
Jan
uar
y
Mar
ch
May
July
Se
pte
mb
er
No
vem
be
r
Jan
uar
y
Mar
ch
May
July
Se
pte
mb
er
No
vem
be
r
Jan
uar
y
Mar
ch
May
July
Se
pte
mb
er
No
vem
be
r
Jan
uar
y
Mar
ch
May
July
Se
pte
mb
er
No
vem
be
r
Jan
uar
y
Mar
ch
May
2016 2017 2018 2019 2020
All Items Agriculture Manufacturing Electricity & Water Supply
-
External Sector
Central Bank of Sri Lanka Economic Research Department
-
Earnings from Merchandise Exports
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka and Sri Lanka Customs
Merchandise Exports - Monthly Merchandise Exports - Annual
5.54.84.7
5.15.8
6.36.9
7.68.1
7.1
8.6
10.69.8
10.4
11.110.5
10.3
11.411.9 11.9
4.4
0
2
4
6
8
10
12
14
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Jan
-Ju
n
US
$ b
n
200
300
400
500
600
700
800
900
1,000
1,100
1,200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
US
$ m
n
2017 2018 2019 2020
-
Expenditure on Merchandise Imports
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka and Sri Lanka Customs
Merchandise Imports - MonthlyMerchandise Imports - Annual
7.36.0 6.1
6.78.0
8.910.3
11.3
14.1
10.2
13.5
20.319.2
18.0
19.418.9
19.2
21.022.2
19.9
7.7
0
5
10
15
20
25
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Jan
-Ju
n
US
$ b
n
800
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
$ m
n
2017 2018 2019 2020
-
Trade Balance
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
-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 -8.4
-8.9
-9.6
-10.3
-8.0
-3.3
-12
-10
-8
-6
-4
-2
0
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Jan
-Ju
n
US
$ b
n
-
TourismArrivals and Earnings Monthly Arrivals
Central Bank of Sri Lanka Economic Research Department
Source: SLTDASource: Central Bank of Sri Lanka and Sri Lanka Tourist Development Authority (SLTDA)
252213
363
454408
429410
385 342350
576
8301,039
1,715
2,431
2,981
3,518
3,925
4,381
3,607
956
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
200
020
01
200
220
03
200
420
05
200
620
07
200
820
09
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
H1
Nu
mb
er
US
$ m
n
Earnings from tourism Tourist arrivals (Right Axis)
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecN
um
be
r
2017 2018 2019 2020
-
Workers’ Remittances
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
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 6,980 7,242 7,164
7,015 6,717
2,980
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
H1
US
$ m
n
-
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
-2.0-1.9
-1.7
-2.3
-2.8
-1.8
-0.8
-5.0
-4.5
-4.0
-3.5
-3.0
-2.5
-2.0
-1.5
-1.0
-0.5
0.020
00
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
H1
US
$ b
n
-
Foreign Direct Investment Inflows
Central Bank of Sri LankaEconomic Research Department
Source: Central Bank of Sri LankaBoard of Investment and Colombo Stock Exchange
175 82
197 229 223 272
604
734
889
601 516
1,066
1,382 1,437
1,635
1,160 1,078
1,910
2,139
1,204
345
0
500
1,000
1,500
2,000
2,500
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
H1
US
$ m
n
-
Balance of Payments
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
-0.5
0.20.3
0.5
-0.2
0.5
0.2
0.5
-1.4
2.7
0.9
-1.1
0.2
1.0
1.4
-1.5
-0.5
2.1
-1.1
0.4
-0.8
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.020
00
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
H1
US
$ b
n
-
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
10D
ec-
14
Mar
-15
Jun
-15
Se
p-1
5
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
Mo
nth
s
US
$ b
n
Gross Official Reserves Months of Imports (Right Axis)
-
Exchange Rate Movements
Source: Central Bank of Sri Lanka
Central Bank of Sri Lanka Economic Research Department
120
130
140
150
160
170
180
190
200
210
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs. US Dollar
1.001.101.201.301.401.501.601.701.801.90
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs. Japanese Yen
170
190
210
230
250
270
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs. Sterling Pound
1.90
2.00
2.10
2.20
2.30
2.40
2.50
2.60
2.70Ju
n-1
5
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs. Indian Rupee
135
155
175
195
215
235
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs. Euro
9095
100105110115120125130135
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs. Australian Dollar
-
Fiscal Sector
Central Bank of Sri Lanka Economic Research Department
-
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and StatisticsData (2017-2019) are based on latest GDP estimates made available on 31 March 2020 by the Department of Census and StatisticsData for 2020 are based on estimated GDP projections made by CBSL
Government Revenue
Central Bank of Sri Lanka Economic Research Department
16.8 16.6 16.6
15.2 14.915.5
16.315.8
14.914.5
12.713.4
12.0 11.911.5
13.314.1
13.7 13.412.6
5.9
4.2
0
2
4
6
8
10
12
14
16
1820
00
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2019
Jan
-Ju
n
2020
Jan
-Ju
n
% o
f G
DP
Sources: Ministry of FinanceCentral Bank of Sri Lanka
-
Government ExpenditureRecurrent Expenditure
Central Bank of Sri Lanka Economic Research Department
Capital and Net Lending
20.2
21.6 20.9
18.4 18.6
18.1 18.6
17.4 16.9
18.2
14.614.2
13.012.6
12.8
15.514.7 14.5
14.515.3
7.57.9
0
5
10
15
20
25
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2019
Jan
-Ju
n
2020
Jan
-Ju
n
% o
f G
DP
6.5
5.9
4.6 4.6 4.2
5.8 5.6 6.1
5.7
6.7
5.35.7
4.94.84.6
5.4
4.84.84.2 4.1
1.9
1.0
0
1
2
3
4
5
6
7
8
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2019
Jan
-Ju
n
2020
Jan
-Ju
n
% o
f G
DP
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and StatisticsData (2017-2019) are based on latest GDP estimates made available on 31 March 2020 by the Department of Census and StatisticsData for 2020 are based on estimated GDP projections made by CBSL
Sources: Ministry of FinanceCentral Bank of Sri Lanka
-
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and StatisticsData (2017-2019) are based on latest GDP estimates made available on 31 March 2020 by the Department of Census and StatisticsData for 2020 are based on estimated GDP projections made by CBSL
Public Investment
Central Bank of Sri Lanka Economic Research Department
6.4
5.9
4.6
5.04.8
6.36.0
6.4
6.0
6.8
5.65.8
5.1 5.04.7
5.5
5.0 4.9
4.44.2
2.0
1.1
0
1
2
3
4
5
6
7
8
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2019
Jan
-Ju
n
2020
Jan
-Ju
n
% o
f G
DP
Sources: Ministry of FinanceCentral Bank of Sri Lanka
-
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and StatisticsData (2017-2019) are based on latest GDP estimates made available on 31 March 2020 by the Department of Census and StatisticsData for 2020 are based on estimated GDP projections made by CBSL
Budget Deficit
Central Bank of Sri Lanka Economic Research Department
Sources: Ministry of FinanceCentral Bank of Sri Lanka
9.5
10.4
8.5
7.3 7.57.0 7.0 6.9 7.0
9.9
7.0
6.2
5.6 5.45.7
7.6
5.3 5.5 5.3
6.8
3.5
4.7
0
2
4
6
8
10
122
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
20
15
20
16
20
17
20
18
20
19
20
19
Jan
-Ju
n
20
20
Jan
-Ju
n
% o
f G
DP
-
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and StatisticsData (2017-2019) are based on latest GDP estimates made available on 31 March 2020 by the Department of Census and Statistics
Central Government Debt
Central Bank of Sri Lanka Economic Research Department
Source: Ministry of FinanceCentral Bank of Sri Lanka
96.9
103.3105.6
102.5 102.5
90.888.0
85.181.5
86.2
71.6 71.2 69.771.8 72.3
78.5 79.0 77.9
83.786.8
0
20
40
60
80
100
120
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
% o
f G
DP
-
Monetary Sector
Central Bank of Sri Lanka Economic Research Department
-
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
19.8
16.5
27.8 27.1
12.7
17.815.5
9.8
13.2
10.2
11.2
2.7
-12.7
10.5
17.3
-0.6
-20
-10
0
10
20
30
40
Mar
-15
Jun
-15
Se
p-1
5
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
% Y
-O-Y
0
1
2
3
4
5
6
7
8
9
10
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Q2
M1 M2 M2b
-
Broad Money (M2b) Growth
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
16.8
19.8
16.5
17.3
18.4
21.4 21.3
20.3
16.7
16.8
14.9
13.1 13.0
11.4
8.7
7.4 8.4
13.2 14.0
5
7
9
11
13
15
17
19
21
23
25
Mar
-15
Jun
-15
Se
p-1
5
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
-
Credit to the Private Sector
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
4.3
-10
-5
0
5
10
15
20
25
30
35
40
0
1,000
2,000
3,000
4,000
5,000
6,000
Jun
-10
Ap
r-11
Feb
-12
De
c-12
Oct
-13
Au
g-1
4
Jun
-15
Ap
r-16
Feb
-17
De
c-17
Oct
-18
Au
g-1
9
Jun
-20
%
Rs.
bn
Private Sector Credit Volume Private Sector Credit Growth (Right Axis)
-
Net Credit to the Government
Central Bank of Sri LankaEconomic Research Department
Source: Central Bank of Sri Lanka
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
Jun
-10
Ap
r-11
Feb
-12
De
c-12
Oct
-13
Au
g-1
4
Jun
-15
Ap
r-16
Feb
-17
De
c-17
Oct
-18
Au
g-1
9
Jun
-20
Rs.
bn
Central Bank Commercial Banks Claims on Government (net)
-
Credit to Public Corporations
Central Bank of Sri LankaEconomic Research Department
Source: Central Bank of Sri Lanka
0
100
200
300
400
500
600
700
800
900
1000
Jun
-10
De
c-10
Jun
-11
De
c-11
Jun
-12
De
c-12
Jun
-13
De
c-13
Jun
-14
De
c-14
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs.
bn
-
Net Foreign Assets (NFA)
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
-1,000
-800
-600
-400
-200
0
200
400
600
800
1,000
Jun
-10
De
c-10
Jun
-11
De
c-11
Jun
-12
De
c-12
Jun
-13
De
c-13
Jun
-14
De
c-14
Jun
-15
De
c-15
Jun
-16
De
c-16
Jun
-17
De
c-17
Jun
-18
De
c-18
Jun
-19
De
c-19
Jun
-20
Rs.
bn
NFA of Central Bank NFA of Commercial Banks NFA of the Banking System
-
Policy Interest Rates and Overnight Money Market Rates
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
5.52
5.50
6.50
5
6
7
8
9
10
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Average Weighted Call Money Rate Standing Deposit Facility Rate* Standing Lending Facility Rate **
*Previously known as the Repo Rate** Previously known as the Reverse Repo Rate
-
Treasury Bill Yields and the Yield Curve
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
*Yield rates for some weeks are not available due to non-acceptance of bids or not offering of relevant tenors
1 Y
ear
5
6
7
8
9
10
11
12
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Treasury Bill Yields (Primary Market)*
91- Day Treasury bill 182- Day Treasury bill
364- Day Treasury bill
4
5
6
7
8
9
10
11
12
13
0 5 10 15
%
Secondary Market Yield Curve
End 2017 End 2018 End 2019 2020 Q2
5 Y
ear
10 Y
ear
15 Y
ear
3 Y
ear
7 Y
ear
11 Y
ear
9 Y
ear
13 Y
ear
-
Market Interest Rates
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
8.78
7.38
9.00
12.64
4
6
8
10
12
14
16D
ec-
15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
%
Monthly Average Weighted Prime Lending Rate (AWPR) Average Weighted Deposit Rate (AWDR)
Average Weighted Fixed Deposit Rate (AWFDR) Average Weighted Lending Rate (AWLR)
-
Financial Sector
Central Bank of Sri Lanka Economic Research Department
-
Central Bank of Sri Lanka Economic Research Department
Banking Sector Indicators (i)
Source: Central Bank of Sri Lanka
Assets and Liabilities of the Banking Sector Non-Performing Loans of the Banking Sector
IIS: Interest In Suspense
-
Central Bank of Sri Lanka Economic Research Department
Profitability Indicators Capital Adequacy Ratios
Source: Central Bank of Sri Lanka
Banking Sector Indicators (ii)
-
Banking Density by Province*2009 2020 Q2
Central Bank of Sri Lanka Economic Research Department
*Banking Density by Province is calculated based on the mid-year population estimates published by the Department of Census and Statistics
-
Central Bank of Sri Lanka Economic Research Department
Non-Bank Financial Sector Indicators (i)
Source: Central Bank of Sri Lanka
LFC: Licensed Finance CompaniesSLC: Specialised Leasing Companies
Total Deposits and Borrowings of the LFC & SLC Sector*
Assets of the LFC & SLC Sector
* Deposits are only mobilised by the LFCs
337.3
414.1
480.6
530.7
686.7 716.8
756.7 728.3
193.1 217.4
314.3
438.7 396.0
463.8
405.6 379.9
0
100
200
300
400
500
600
700
800
2013 2014 2015 2016 2017 2018 2019 2020 JunR
s.b
n
Total Deposits Total Borrowings
684.6 814.6 996.1 1,211.9 1,355.0 1,431.3 1,432.7 1,398.4
6.9 7.0
7.2
8.0 7.9
7.6 7.6
6.0
6.5
7.0
7.5
8.0
0
200
400
600
800
1,000
1,200
1,400
1,600
2013 2014 2015 2016 2017 2018 2019 2020Jun
%
Rs.
bn
Total Assets (Net) Share of the Financial System (Right Axis)
-
Central Bank of Sri Lanka Economic Research Department
Non-Bank Financial Sector Indicators (ii)
Source: Central Bank of Sri Lanka
Profitability Indicators of the LFC and SLC Sector
Non-Performing Advances
7.08.3 8.9 7.9 7.7 8.1
7.6
6.0
1.93.2 2.8 3.6 3.0 2.7
1.8
-2.3
6.4
14.9
10.9
19.8
14.7
11.4
5.6
-19.4-20
-15
-10
-5
0
5
10
15
20
25
2013 2014 2015 2016 2017 2018 2019 2020 Jun
%
Net Interest Margin Return on Assets Return on Equity
37.0 44.1 47.4 53.0 65.9 93.0 127.6 170.6
6.7 6.9
5.75.3
5.9
7.7
10.6
14.1
2.52.3
1.61.2
1.6
2.4
3.4
5.1
0
2
4
6
8
10
12
14
16
0
20
40
60
80
100
120
140
160
180
2013 2014 2015 2016 2017 2018 2019 2020Jun
%Rs.
bn
Gross NPA (Rs.bn) Gross NPA Ratio (%) (Right Axis)
Net NPA Ratio (%) (Right Axis)
-
Central Bank of Sri Lanka Economic Research Department
Stock Market PerformanceShare Price Indices and Market Capitalisation Net Foreign Inflows to the Secondary Market
Source: Colombo Stock Exchange
161.9
-37.3
2.3
115.5
-127.2
-64.6
-111.1-150
-100
-50
0
50
100
150
200
2014
2015
2016
2017
2018
2019
2020
Jan
- Ju
n
US
$ m
n
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
De
c-15
Mar
-16
Jun
-16
Se
p-1
6
De
c-16
Mar
-17
Jun
-17
Se
p-1
7
De
c-17
Mar
-18
Jun
-18
Se
p-1
8
De
c-18
Mar
-19
Jun
-19
Se
p-1
9
De
c-19
Mar
-20
Jun
-20
Rs.
bn
Ind
ex
Market Capitalisation (Right Axis)
All Share Price Index
S&P SL 20 Index
-
The set of graphs above summarisesmacroeconomic and financial market trends inSri Lanka. These graphs do not contain sourcedata. An extensive set of data is available onthe CBSL website. Information for the secondquarter of 2020 is provisional.
Central Bank of Sri Lanka Economic Research Department