sri lanka: macroeconomic developments in charts
TRANSCRIPT
Sri Lanka: Macroeconomic Developments in
Charts
First Quarter 2021
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
Annual 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 09 July 2021 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
3.6 3.3
2.3
-3.6-4
-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
2020
Gro
wth
Rat
e (
%)
6.2
2.0
4.55.3
3.5 3.7 3.4 3.7 3.9 3.9 3.5
2.1
4.0
1.32.3
1.6
-1.8
-16.4
1.3 1.3
4.3
-18
-15
-12
-9
-6
-3
0
3
6
9
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
2020
-Q2
2020
-Q3
2020
-Q4
2021
-Q1
Gro
wth
Rat
e (
%)
Quarterly Real GDP Growth
Real GDP Growth
Sectoral GDP Growth
Central Bank of Sri Lanka Economic Research Department
Source: Department of Census and Statistics
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 09 July 2021 by the Department of Census and Statistics
-4.5-2.7 -2.1
7.26.3 4.9
1.7
10.2
5.7
3.1 2.6
-5.8-6.5-8.2
3.11.3
6.1
-10
-5
0
5
10
15
Q1 Q2 Q3 Q4
Gro
wth
Rat
e (
%)
Agriculture
2017 2018 2019 2020 2021
3.95.5 5.3
4.31.6
3.3 3.8
-3.3
3.91.7
3.31.3
-7.9
-23.1
0.6 1.3
5.5
-25
-20
-15
-10
-5
0
5
10
Q1 Q2 Q3 Q4
Gro
wth
Rat
e (
%)
Industry
2017 2018 2019 2020 2021
4.4 3.92.8 3.4
5.1 4.6 4.4 4.24.0
0.71.8 2.42.9
-12.9
2.1 1.93.0
-15
-10
-5
0
5
10
Q1 Q2 Q3 Q4
Gro
wth
Rat
e (
%)
Services
2017 2018 2019 2020 2021
Per Capita GDP
Central Bank of Sri Lanka Economic Research Department
Sources: Department of Census and StatisticsCentral Bank of Sri Lanka
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 16 March 2021 by the Department of Census and Statistics
869 838 874985 1,063
1,2421,423
1,614
2,011 2,054
2,744
3,125
3,351
3,609
3,819 3,841 3,8864,077 4,057
3,8523,682
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 2020(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)
108.8104.2
116.5
96.9
106.1107.5 108.6
112.2
107.2
112.1108.7 108.5 108.1
104.2
84.1
50.0
79.2
92.5
111.3
102.3
108.8 107.8 106.9110.3
108.3
99.2
119.6
0
20
40
60
80
100
120
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
Jul-2
0
Au
g-2
0
Se
p-2
0
Oct
-20
No
v-20
De
c-20
Jan
-21
Feb
-21
Mar
-21
%
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
5.45.8
4.9
4.24
4.4 4.34.7
4.44.2
4.44.8
5.55.7
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 2020 2021Q1
%
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
4.1
4.0
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
Se
p-2
0
De
c-20
Mar
-21
%
Headline (Y-o-Y) Headline (Annual Avg.)
3.13.0
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
Se
p-2
0
De
c-20
Mar
-21
%
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 (2013=100)
**Core Inflation is calculated by excluding volatile food, energy and transport categories from the NCPI
5.1 5.3
(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
Se
p-2
0
De
c-20
Mar
-21
%
Headline (Y-o-Y) Headline (Annual Avg.)
4.3
4.3
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
Se
p-2
0
De
c-20
Mar
-21
%
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)
157.7
179.6
149.1
86.2
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
July
Se
pte
mb
er
No
vem
be
r
Jan
uar
y
Mar
ch
2016 2017 2018 2019 2020 2021
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
Sources: 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
10.1
3.0
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
2021
Q1
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
2018 2019 2020 2021
Expenditure on Merchandise Imports
Central Bank of Sri Lanka Economic Research Department
Sources: Central Bank of Sri Lanka and Sri Lanka Customs
Merchandise Imports - MonthlyMerchandise Imports - Annual
7.36.06.16.7
8.08.9
10.311.3
14.1
10.2
13.5
20.319.2
18.0
19.418.919.2
21.022.2
19.9
16.1
5.0
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
2021
Q1
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
2018 2019 2020 2021
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
-6.0
-2.1
-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
2021
Q1
US
$ b
n
TourismArrivals and Earnings Monthly Arrivals
Central Bank of Sri Lanka Economic Research Department
Source: SLTDASources: Central Bank of Sri Lanka and Sri Lanka Tourist
Development Authority (SLTDA)
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000
Jan
Feb
Mar
Ap
r
May
Jun
Jul
Au
g
Se
p
Oct
No
v
De
c
Nu
mb
er
2018 2019 2020 2021
252213
363
454408
429410385
342350
576
8301,039
1,715
2,431
2,981
3,518
3,925
4,381
3,607
682
13
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
2021
Q1
Nu
mb
er
US
$ m
n
Earnings from tourism Tourist arrivals (RHA)
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
7,104
1,867
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
2021
Q1
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
-1.1
-0.6
-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
2021
Q1
US
$ b
n
Foreign Direct Investment Inflows
Central Bank of Sri LankaEconomic Research Department
Sources: Central Bank of Sri Lanka, Board 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
1,189
670
198
-
500
1,000
1,500
2,000
2,50020
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
2021
Q1
US
$ m
n
Balance of Payments
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
-0.5
0.2 0.30.5
-0.2
0.50.2
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
-2.3
-1.1
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
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
2021
Q1
US
$ b
n
Overall Balance
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
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
Se
p-2
0
De
c-20
Mar
-21
Mo
nth
s
US
$ b
n
Gross Official Reserves and Months of Imports
Gross Official Reserves Months of Imports (RHA)
Exchange Rate Movements
Source: Central Bank of Sri Lanka
Central Bank of Sri Lanka Economic Research Department
130
140
150
160
170
180
190
200
210
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
Se
p-2
0
De
c-20
Mar
-21
Rs. US Dollar
1.001.101.201.301.401.501.601.701.801.902.00
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
Se
p-2
0
De
c-20
Mar
-21
Rs. Japanese Yen
170
190
210
230
250
270
290
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
Se
p-2
0
De
c-20
Mar
-21
Rs. Sterling Pound
1.90
2.00
2.10
2.20
2.30
2.40
2.50
2.60
2.70
2.80D
ec-
16M
ar-1
7Ju
n-1
7S
ep
-17
De
c-17
Mar
-18
Jun
-18
Se
p-1
8D
ec-
18M
ar-1
9Ju
n-1
9S
ep
-19
De
c-19
Mar
-20
Jun
-20
Se
p-2
0D
ec-
20M
ar-2
1
Rs. Indian Rupee
135
155
175
195
215
235
255
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
Se
p-2
0
De
c-20
Mar
-21
Rs. Euro
90
100
110
120
130
140
150
160
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
Se
p-2
0
De
c-20
Mar
-21
Rs. Australian Dollar
Fiscal Sector
Central Bank of Sri Lanka Economic Research Department
Government Revenue
Central Bank of Sri Lanka Economic Research Department
Source: Ministry of Finance
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
9.2
2.2
0
2
4
6
8
10
12
14
16
18
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
(a)
2020
(b
)
2021
Q1
(b)
% o
f G
DP
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and Statistics
Data (2018 and 2019) are based on latest GDP estimates made available on 16 March 2021 by the Department of Census and Statistics
(a) According to the Ministry of Finance, the fiscal sector statistics of 2019 have been restated as announced in the Budget Speech for 2020 (b) Provisional
Government ExpenditureRecurrent Expenditure
Central Bank of Sri Lanka Economic Research Department
Source: Ministry of Finance
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
15.514.714.5
14.6
16.117.0
4.2
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
(a)
2020
(b
)
2021
Q1
(b)
% 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
4.94.8
4.6
5.4
4.84.8
4.2
6.1
3.3
0.5
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
(a)
2020
(b
)
2021
Q1
(b)
% 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 (2018 and 2019) are based on latest GDP estimates made available on 16 March 2021 by the Department of Census and Statistics
(a) According to the Ministry of Finance, the fiscal sector statistics of 2019 have been restated as announced in the Budget Speech for 2020 (b) Provisional
Public Investment
Central Bank of Sri Lanka Economic Research Department
Source: Ministry of Finance
6.4
5.9
4.65.0
4.8
6.36.0
6.46.0
6.8
5.65.8
5.1 5.04.7
5.5
5.0 4.9
4.44.2
5.4
0.5
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
(a)
2020
(b
)
2021
Q1
(b)
% 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 (2018 and 2019) are based on latest GDP estimates made available on 16 March 2021 by the Department of Census and Statistics
(a) According to the Ministry of Finance, the fiscal sector statistics of 2019 have been restated as announced in the Budget Speech for 2020 (b) Provisional
Budget Deficit
Central Bank of Sri Lanka Economic Research Department
Source: Ministry of Finance
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
9.6
11.1
2.4
0
2
4
6
8
10
12
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
20
16
20
17
20
18
20
19
(a)
20
20
(b
)
20
21
Q1
(b)
% 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 (2018 and 2019) are based on latest GDP estimates made available on 16 March 2021 by the Department of Census and Statistics
(a) According to the Ministry of Finance, the fiscal sector statistics of 2019 have been restated as announced in the Budget Speech for 2020 (b) Provisional
Central Government Debt
Central Bank of Sri Lanka Economic Research Department
Source: Ministry of FinanceCentral Bank of Sri Lanka
96.9103.3 105.6
102.5 102.5
90.888.0
85.181.5
86.2
71.6 71.2 69.7 71.8 72.378.5 79.0 77.9
84.286.8
101.0
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
2020
(a)
(b)
% o
f G
DP
Note: Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and Statistics.Data (2018 and 2019) are based on latest GDP estimates made available on 16 March 2021 by the Department of Census and Statistics.
(a) Provisional(b) As per the guidelines of compiling government debt statistics in the Manual of Government Finance Statistics published by the IMF in 2014, non resident holdings of outstanding SLDBs and ISBs of the Sri Lankan Government have been classified under foreign debt and resident holdings of outstanding SLDBs and ISBs of the Sri Lankan Government have been classified under domestic debt.
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
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
-3.7
4.31.5
-20
-10
0
10
20
30
40
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
Se
p-2
0
De
c-20
Mar
-21
% 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
2021
Q1
M1 M2 M2b
Broad Money Growth
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
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
19.2
23.4
21.5
5
7
9
11
13
15
17
19
21
23
25
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
Se
p-2
0
De
c-20
Mar
-21
%
Broad Money (M2b) Growth (Y-O-Y)
Credit to the Private Sector
Central Bank of Sri Lanka Economic Research Department
Source: Central Bank of Sri Lanka
7.5
-10
-5
0
5
10
15
20
25
30
35
40
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
Mar
-11
Mar
-12
Mar
-13
Mar
-14
Mar
-15
Mar
-16
Mar
-17
Mar
-18
Mar
-19
Mar
-20
Mar
-21
%
Rs.
bn
Outstanding Credit Volume Private Sector Credit Growth (RHA)
Net Credit to the Government
Central Bank of Sri LankaEconomic Research Department
Source: Central Bank of Sri Lanka
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
Mar
-11
Jan
-12
No
v-12
Se
p-1
3
Jul-1
4
May
-15
Mar
-16
Jan
-17
No
v-17
Se
p-1
8
Jul-1
9
May
-20
Mar
-21
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
1,000
1,100
1,200
Mar
-11
Se
p-1
1
Mar
-12
Se
p-1
2
Mar
-13
Se
p-1
3
Mar
-14
Se
p-1
4
Mar
-15
Se
p-1
5
Mar
-16
Se
p-1
6
Mar
-17
Se
p-1
7
Mar
-18
Se
p-1
8
Mar
-19
Se
p-1
9
Mar
-20
Se
p-2
0
Mar
-21
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
Mar
-11
Se
p-1
1
Mar
-12
Se
p-1
2
Mar
-13
Se
p-1
3
Mar
-14
Se
p-1
4
Mar
-15
Se
p-1
5
Mar
-16
Se
p-1
6
Mar
-17
Se
p-1
7
Mar
-18
Se
p-1
8
Mar
-19
Se
p-1
9
Mar
-20
Se
p-2
0
Mar
-21
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
4.62
4.50
5.50
4
5
6
7
8
9
10
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
Se
p-2
0
De
c-20
Mar
-21
%
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
3
4
5
6
7
8
9
10
11
12
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
Se
p-2
0
De
c-20
Mar
-21
%
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 2018 End 2019 End 2020 End Mar 2021
5 Y
ear
10 Y
ear
15 Y
ear3
Ye
ar
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
5.67
5.20
6.29
9.91
4
6
8
10
12
14
16M
ar-1
6
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
Se
p-2
0
De
c-20
Mar
-21
%
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
3,427 3,895
4,715
5,541
6,431
7,693 8,122
9,202 9,763
4,170 4,686
5,403
6,296
7,399
8,492
9,162
11,141 11,645
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2013 2014 2015 2016 2017 2018 2019 2020 Q12021
Rs.
bn
Loans and Advances-Gross (net of IIS) Deposits
191.0 165.5 152.8 142.3 160.7 263.1 381.7 448.1 449.2
5.6
4.2
3.2
2.6 2.5
3.4
4.7 4.94.6
3.8
2.6
1.7
1.2 1.3
2.0
2.8
2.4
2.1
0
1
2
3
4
5
6
0
50
100
150
200
250
300
350
400
450
500
2013 2014 2015 2016 2017 2018 2019 2020 Q12021
%
Rs.
bn
Gross NPL Volumes (net of IIS)
Gross NPL Ratio (net of IIS) (RHA)
Net NPL Ratio (net of IIS & specific pro.) (RHA)
Central Bank of Sri Lanka Economic Research Department
Profitability Indicators Capital Adequacy Ratios
Source: Central Bank of Sri Lanka
Banking Sector Indicators (ii)
16.0 16.6 16.217.3 17.6
13.2
10.311.4
16.4
3.5 3.53.6 3.6 3.5 3.6 3.6
3.1
3.5
1.3 1.4 1.31.4 1.4
1.10.9
1.0
1.4
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
0
5
10
15
20
25
2013 2014 2015 2016 2017 2018 2019 2020 Q12021
%
%
Return on Equity (after tax)
Net Interest Margin (RHA)
Return on Assets (after tax) (RHA)
2,942 3,498 4,291 5,059 5,713 6,787 7,137 7,666 7,831
14.9
14.1
13.0
12.6
13.413.1
13.7
13.013.3
17.6
16.6
15.4 15.6
16.4 16.2
17.2
16.516.6
10
11
12
13
14
15
16
17
18
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2013 2014 2015 2016 2017 2018 2019 2020 Q12021
%
Rs.
bn
Risk Weighted Aseets Core CAR (RHA) Total CAR (RHA)
Central Bank of Sri Lanka Economic Research Department
Banking Density by Province*2009
*Banking Density by Province is calculated based on the mid-year population estimates published by the Department of Census and Statistics
2021 Q1
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
684.6 814.6 996.1 1,211.9 1,355.0 1,431.3 1,432.7 1,401.7 1,391.9
6.9 7.0
7.2
8.0 7.9
7.6 7.6
5.9
5.0
5.5
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 2020 Q12021
%
Rs.
bn
Total Assets (Net) Share of the Financial System (RHA)
337.3
414.1
480.6
530.7
686.7 716.8
756.7 748.6 757.9
193.1 217.4
314.3
438.7 396.0
463.8
405.6
328.0 290.3
0
100
200
300
400
500
600
700
800
2013 2014 2015 2016 2017 2018 2019 2020 Q12021
Rs.
bn
Total Deposits Total Borrowings
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
7.37.0
8.3 8.97.9 7.7 8.1
7.67.1
7.6
3.71.9
3.2 2.83.6
3.02.7 1.8 1.7
3.2
15.7
6.4
14.9
10.9
19.8
14.7
11.4
5.6 5.0
12.5
0
5
10
15
20
25
2012 2013 2014 2015 2016 2017 2018 2019 2020 Q12021
%
Net Interest Margin Return on Assets Return on Equity
37.0 44.1 47.4 53.0 65.9 93.0 127.6 161.1 131.9
6.7 6.9
5.75.3
5.9
7.7
10.6
13.9
11.3
2.5
2.3 1.61.2 1.6
2.4
3.44.2
2.8
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 2020 Q12021
%
Rs.
bn
Gross NPA (Rs.bn) Gross NPA Ratio (%) (RHA)
Net NPA Ratio (%) (RHA)
Central Bank of Sri Lanka Economic Research Department
Stock Market Performance
Share Price Indices and Market Capitalisation (a) Net Foreign Inflows to the Secondary Market
Source: Colombo Stock Exchange
(a) The CSE was not functioning during the period from 23 March 2020 to 6 May 2020 due to the prevailed conditions of the country with the spread of COVID-19
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Mar
-16
Jun
-16
Se
p-1
6D
ec-
16M
ar-1
7Ju
n-1
7S
ep
-17
De
c-17
Mar
-18
Jun
-18
Se
p-1
8D
ec-
18M
ar-1
9Ju
n-1
9S
ep
-19
De
c-19
Mar
-20
Jun
-20
Se
p-2
0D
ec-
20M
ar-2
1
Rs.
bn
Ind
ex
Market Capitalisation (RHA) All Share Price Index
S&P SL 20 Index
-37.3
2.3
115.5
-127.2
-64.6
-275.5
-88.9
-300
-250
-200
-150
-100
-50
0
50
100
150
200
2015
2016
2017
2018
2019
2020
2021
Q1
US
$ m
n
The set of graphs above summarisesmacroeconomic and financial market trends in Sri Lanka. These graphs do not contain source data. An extensive set of data is available on the CBSL website. Information for the First
quarter of 2021 is provisional.
Central Bank of Sri Lanka Economic Research Department