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Sri Lanka: Macroeconomic Developments in

Charts

First Quarter 2017

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


Real GDP Growth*Annual 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

8.08.4

9.1

3.4

5.0 4.84.4

-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

20

15

20

16

%

6.27.0

6.3

4.3

1.62.1

4.2

6.1

7.1

8.58.0

8.6

9.8

7.2

9.2

7.6

16.1

9.7

5.2

6.8

3.6

5.9

4.0

0.51.3

2.2

5.1

10.6

4.6

7.0

5.2

2.8

5.1

2.4

4.65.3

3.8

0

2

4

6

8

10

12

14

16

18

20

08

-Q1

20

08

-Q2

20

08

-Q3

20

08

-Q4

20

09

-Q1

20

09

-Q2

20

09

-Q3

20

09

-Q4

20

10

-Q1

20

10

-Q2

20

10

-Q3

20

10

-Q4

20

11

-Q1

20

11

-Q2

20

11

-Q3

20

11

-Q4

20

12

-Q1

20

12

-Q2

20

12

-Q3

20

12

-Q4

20

13

-Q1

20

13

-Q2

20

13

-Q3

20

13

-Q4

20

14

-Q1

20

14

-Q2

20

14

-Q3

20

14

-Q4

20

15

-Q1

20

15

-Q2

20

15

-Q3

20

15

-Q4

20

16

-Q1

20

16

-Q2

20

16

-Q3

20

16

-Q4

20

17

-Q1

%


Source: Department of Census and StatisticsSource: Department of Census and Statistics

* Data from 2011 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and Statistics

Sectoral GDP Growth*

13.3

0.6 0.62.62.2 3.9

4.52.5

7.8

4.32.7

3.84.4

8.9

6.0

0.5

-0.2

-5.7

-2.0

-8.4

-3.2

-10

-5

0

5

10

15

Q1 Q2 Q3 Q4

Gro

wth

Rat

e (%

)

Agriculture

2012 2013 2014 2015 2016 2017

21.0

10.6

-2.6

8.56.7 6.0

2.80.6

-0.9 -1.5

9.0

13.3

1.1

4.8

1.7 1.1

9.1

2.0

5.9

9.2

6.3

-5

0

5

10

15

20

25

Q1 Q2 Q3 Q4

Gro

wth

Rat

e (%

)

Industry

2012 2013 2014 2015 2016 2017

14.6

11.1 10.78.8

2.9

7.7

5.5

-0.8

1.43.4 2.8

11.6

6.27.2 6.5

3.23.7 3.6

4.8 4.63.5

-5

0

5

10

15

20

Q1 Q2 Q3 Q4

Gro

wth

Rat

e (%

)

Services

2012 2013 2014 2015 2016 2017


Source: Department of Census and Statistics

*Data are based on rebased (2010 prices) estimates of GDP published by the Department of Census and Statistics

*Data from 2011 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and Statistics and updated with latest population data

Per Capita GDP*

869 838 874985

1,0631,242

1,4231,614

2,011 2,054

2,744

3,125

3,351

3,609

3,821 3,843 3,835

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

US$


Source: Department of Census and StatisticsCentral Bank of Sri Lanka

Index of Industrial Production (IIP)*



*Based on the Index of Industrial Production (IIP,2015=100)

103.1

102.0

107.8

97.0

102.6

105.2

104.1103.6

101.6

104.7104.3

103.3103.8

103.1

109.5

90

92

94

96

98

100

102

104

106

108

110

112

Jan

-16

Feb

-16

Mar

-16

Ap

r-1

6

May

-16

Jun

-16

Jul-

16

Au

g-1

6

Sep

-16

Oct

-16

No

v-1

6

De

c-1

6

Jan

-17

Feb

-17

Mar

-17

%

Unemployment



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

4.4

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

%

Poverty



28.8

22.7

15.2

8.9

6.7

0

5

10

15

20

25

30

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

%

Poverty Headcount Ratio

7.3

5.3

3

4

5

6

7

8

Jan

-15

Feb

-15

Mar

-15

Ap

r-1

5M

ay-1

5Ju

n-1

5Ju

l-1

5A

ug-

15

Sep

-15

Oct

-15

No

v-1

5D

ec-1

5Ja

n-1

6Fe

b-1

6M

ar-1

6A

pr-

16

May

-16

Jun

-16

Jul-

16

Au

g-1

6Se

p-1

6O

ct-1

6N

ov-

16

Dec

-16

Jan

-17

Feb

-17

Mar

-17

%

Core (Y-o-Y) Core (Annual Avg.)

CCPI based Inflation*

CCPI based Headline Inflation CCPI based Core Inflation**



7.3

5.0

0

1

2

3

4

5

6

7

8

Jan

-15

Feb

-15

Mar

-15

Ap

r-1

5M

ay-1

5Ju

n-1

5Ju

l-1

5A

ug-

15

Sep

-15

Oct

-15

No

v-1

5D

ec-1

5Ja

n-1

6Fe

b-1

6M

ar-1

6A

pr-

16

May

-16

Jun

-16

Jul-

16

Au

g-1

6Se

p-1

6O

ct-1

6N

ov-

16

Dec

-16

Jan

-17

Feb

-17

Mar

-17

%

Headline (Y-o-Y) Headline (Annual Avg.)

*Based on the Colombo Consumer Price Index (CCPI, 2013=100)

**Core Inflation is calculated by excluding volatile Food, energy and transport from the CCPI

NCPI based Inflation*



NCPI based Headline Inflation NCPI based Core Inflation

8.6

5.6

(2)

0

2

4

6

8

10

Jan

-15

Feb

-15

Mar

-15

Ap

r-1

5M

ay-1

5Ju

n-1

5Ju

l-1

5A

ug-

15

Sep

-15

Oct

-15

No

v-1

5D

ec-

15

Jan

-16

Feb

-16

Mar

-16

Ap

r-1

6M

ay-1

6Ju

n-1

6Ju

l-1

6A

ug-

16

Sep

-16

Oct

-16

No

v-1

6D

ec-

16

Jan

-17

Feb

-17

Mar

-17

%

Headline (Y-o-Y) Headline (Annual Avg.)

7.0

6.6

2

3

4

5

6

7

8

Jan

-15

Feb

-15

Mar

-15

Ap

r-1

5M

ay-1

5Ju

n-1

5Ju

l-1

5A

ug-

15

Sep

-15

Oct

-15

No

v-1

5D

ec-

15

Jan

-16

Feb

-16

Mar

-16

Ap

r-1

6M

ay-1

6Ju

n-1

6Ju

l-1

6A

ug-

16

Sep

-16

Oct

-16

No

v-1

6D

ec-

16

Jan

-17

Feb

-17

Mar

-17

%

Core (Y-o-Y) Core (Annual Avg.)

*Based on the National Consumer Price Index (2013=100)

Producer's Price Index (PPI)*



120.8

150.1

107.8

83.7

80

90

100

110

120

130

140

150

160

Jan

uar

y

Feb

ruar

y

Mar

ch

Ap

ril

May

Jun

e

July

Au

gust

Sep

tem

be

r

Oct

ob

er

No

vem

be

r

De

cem

ber

Jan

uar

y

Feb

ruar

y

Mar

ch

Ap

ril

May

Jun

e

July

Au

gust

Sep

tem

be

r

Oct

ob

er

No

vem

be

r

De

cem

ber

Jan

uar

y

Feb

ruar

y

Mar

ch

Ap

ril

May

Jun

e

July

Au

gust

Sep

tem

be

r

Oct

ob

er

No

vem

be

r

De

cem

ber

Jan

uar

y

Feb

ruar

y

Mar

ch

2014 2015 2016 2017

All Items Agriculture Manufacturing Electricity & Water Supply

*Based on the Producer’s Price Index (PPI,2013 Q4=100)

External Sector


Earnings from Merchandise Exports


Source: Central Bank of Sri Lanka and Sri Lanka Customs

Merchandise Exports - Monthly Merchandise Exports - Annual

700

750

800

850

900

950

1,000

1,050

1,100

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

S$ m

n

2014 2015 2016 2017

5.54.8 4.7

5.15.8

6.36.9

7.68.1

7.1

8.6

10.69.8

10.411.1

10.510.3

2.8

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

Q1

US$

bn

Expenditure on Merchandise Imports


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

19.418.919.4

5.3

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

20

15

20

16

20

17

US$

bn

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

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

S$ m

n

2014 2015 2016 2017

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 -8.4

-9.1

-2.5

-12.0

-10.0

-8.0

-6.0

-4.0

-2.0

0.0

200

0

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

201

7 Q

1

US$

bn


Source: Central Bank of Sri Lanka

TourismArrivals and Earnings Monthly Arrivals


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

50,000

70,000

90,000

110,000

130,000

150,000

170,000

190,000

210,000

230,000

250,000

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

Nu

mb

er2013 2014 2015 2016 2017

252 213363

454 408 429 410 385 342 350

576

830

1,039

1,715

2,431

2,981

3,518

1,038

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

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 Q

1

Nu

mb

er

US$

mn

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

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 6,980 7,242

1,734

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,0002

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

Q1

US$

mn



Current Account Balance



-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 -1.9

-0.7

-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 2015 2016 2017Q1

US$

bn

Foreign Direct Investment Inflows

175 82

197 229 223 272

604

734

889

601 516

1,066

1,382 1,437

1,635

1,160 1,079

147

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

20

15

20

16

20

17

Q1

US$

mn


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

Balance of Payments

-0.50.2

0.30.5

-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

-0.2

-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 2015 2016 2017Q1

US$

bn

Overall Balance



Gross Official Reserves



0

1

2

3

4

5

6

7

8

0

1

2

3

4

5

6

7

8

9

10

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

Jun

-15

Sep

-15

De

c-1

5

Mar

-16

Jun

-16

Sep

-16

De

c-1

6

Mar

-17

Mo

nth

s

US$

bn

Gross Official Reserves and Months of Imports

Gross Official Reserves Months of Imports (RHA)

Exchange Rate Movements



120

125

130

135

140

145

150

155

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs. US Dollar

170

180

190

200

210

220

230

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs. Sterling Pound

135

145

155

165

175

185

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs. Euro

1.00

1.10

1.20

1.30

1.40

1.50

1.60

1.70

1.80

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs. Japanese Yen

1.80

2.00

2.20

2.40

2.60

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs. Indian Rupee

9095

100105110115120125130135140145

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs. Australian Dollar

Fiscal Sector


Government Revenue16.8 16.6 16.6

15.2 14.915.5

16.315.8

14.914.5

12.713.4

12.0 11.911.5

13.3

14.2

3.4

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

20

15

20

16

20

17

Q1

% o

f G

DP


Source: Ministry of Finance

*Information from 2010 are based on rebased (2010 prices) estimates of GDP published by the Department of Census and Statistics** 2014 and 2015 data are based on revised GDP estimates made available on 15 March 2017 by the Department of Census and Statistics

Government ExpenditureRecurrent Expenditure

20.2 21.6

20.9

18.4 18.6 18.1 18.6

17.4 16.918.2

14.6 14.213.0 12.6 12.8

15.514.8

3.7

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

20

15

20

16

20

17

Q1

% 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

4.9 4.84.6

5.4

4.9

1.2

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

20

15

20

16

20

17

Q1

% o

f G

DP

Capital and Net Lending


Public Investment

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

1.2

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

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

Q1

% o

f G

DP




Budget Deficit

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

5.4

1.5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

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

Q1

% o

f G

DP





Central Government Debt

96.9

103.3105.6

102.3 102.3

90.687.9

85.081.4

86.2

71.6 71.168.7

70.8 71.3

77.679.3

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

20

15

20

16

% o

f G

DP


Source: Ministry of FinanceMinistry of National Policies and Economic Affairs

Central Bank of Sri Lanka

Monetary Sector


Reserve Money Growth and Money Multiplier

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



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

20

16

20

17

Q1

M1 M2 M2b

8.8

12.8

-1.6

3.4

-1.5

15.0

19.8

16.5

27.827.1

12.7

-5

0

5

10

15

20

25

30

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

Jun

-15

Sep

-15

De

c-1

5

Mar

-16

Jun

-16

Sep

-16

De

c-1

6

Mar

-17

% Y

-O-Y

Broad Money Growth

22.8

18.2

15.2 15.3

18.3

11.9 11.5

13.4

16.8

19.8

18.9

16.5

17.3

18.4

20.0

10

12

14

16

18

20

22

24

Jan

-12

Mar

-12

May

-12

Jul-

12

Sep

-12

No

v-1

2

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Mar

-16

May

-16

Jul-

16

Sep

-16

No

v-1

6

Jan

-17

Mar

-17

%

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



Credit to the Private Sector



5.3

28.7 29.3

22.2

26.5

(6.6)

34.3 35.2

0.8

28.0

20.4

-10

-5

0

5

10

15

20

25

30

35

40

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

May

-01

Oct

-01

Mar

-02

Au

g-0

2

Jan

-03

Jun

-03

No

v-0

3

Ap

r-0

4

Sep

-04

Feb

-05

Jul-

05

De

c-0

5

May

-06

Oct

-06

Mar

-07

Au

g-0

7

Jan

-08

Jun

-08

No

v-0

8

Ap

r-0

9

Sep

-09

Feb

-10

Jul-

10

De

c-1

0

May

-11

Oct

-11

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

%

Rs.

bn

Private Sector Credit Volume Private Sector Credit Growth (RHA)

Net Credit to the Government



-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

Mar

-02

Au

g-0

2

Jan

-03

Jun

-03

No

v-0

3

Ap

r-0

4

Sep

-04

Feb

-05

Jul-

05

De

c-0

5

May

-06

Oct

-06

Mar

-07

Au

g-0

7

Jan

-08

Jun

-08

No

v-0

8

Ap

r-0

9

Sep

-09

Feb

-10

Jul-

10

De

c-1

0

May

-11

Oct

-11

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-1

3

Ap

r-1

4

Sep

-14

Feb

-15

Jul-

15

De

c-1

5

May

-16

Oct

-16

Mar

-17

Rs.

bn

Rs.

bn

Central Bank Commercial Banks Claim on Government (net)

Credit to Public Corporations



0

50

100

150

200

250

300

350

400

450

500

550

600

Mar

-01

Sep

-01

Mar

-02

Sep

-02

Mar

-03

Sep

-03

Mar

-04

Sep

-04

Mar

-05

Sep

-05

Mar

-06

Sep

-06

Mar

-07

Sep

-07

Mar

-08

Sep

-08

Mar

-09

Sep

-09

Mar

-10

Sep

-10

Mar

-11

Sep

-11

Mar

-12

Sep

-12

Mar

-13

Sep

-13

Mar

-14

Sep

-14

Mar

-15

Sep

-15

Mar

-16

Sep

-16

Mar

-17

Rs.

bn

Net Foreign Assets (NFA)



-1,000

-800

-600

-400

-200

0

200

400

600

800

De

c-0

2M

ar-0

3Ju

n-0

3Se

p-0

3D

ec-

03

Mar

-04

Jun

-04

Sep

-04

De

c-0

4M

ar-0

5Ju

n-0

5Se

p-0

5D

ec-

05

Mar

-06

Jun

-06

Sep

-06

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

5Ju

n-1

5Se

p-1

5D

ec-

15

Mar

-16

Jun

-16

Sep

-16

De

c-1

6M

ar-1

7

Rs.

bn

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

Policy Interest Rates and Overnight Money Market Rates



7.25

8.75

5

6

7

8

9

10

11

12

Mar

-12

May

-12

Jul-

12

Sep

-12

Dec

-12

Feb

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3

Feb

-14

Ap

r-1

4

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Ap

r-1

5

Jun

-15

Au

g-1

5

No

v-1

5

Jan

-16

Mar

-16

Jun

-16

Au

g-1

6

Oct

-16

Jan

-17

Mar

-17

%

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

5

6

7

8

9

10

11

12

13

14

Feb

-12

May

-12

Jul-

12

Sep

-12

No

v-1

2

Feb

-13

Ap

r-1

3

Jun

-13

Au

g-1

3

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Oct

-14

Dec

-14

Feb

-15

Ap

r-1

5

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Ap

r-1

6

Jun

-16

Au

g-1

6

Oct

-16

Dec

-16

Mar

-17

%

Treasury Bill Yields

91- Day Treasury bill 182- Day Treasury bill 364- Day Treasury bill



5

6

7

8

9

10

11

12

13

14

0 5

10

15

20

25

30

%

Secondary Market Yield Curve

End 2013 End 2014 End 2015

End 2016 2017 Q1

5 Y

ear

10

Year

15

Year

20

Year

25

Year

30

Year

1 Y

ear

Market Interest Rates

11.56

8.81

11.389.63

0

2

4

6

8

10

12

14

16

18

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

Jun

-15

Sep

-15

De

c-1

5

Mar

-16

Jun

-16

Sep

-16

De

c-1

6

Mar

-17

%

Monthly Average Weighted Prime Lending Rate (AWPR)

Average Weighted Deposit Rate (AWDR)

Average Weighted Fixed Deposit Rate (AWFDR)

T-Bill yield (91-day)



Financial Sector


Banking Sector Indicators (i)



2,601

3,149 3,427

3,895

4,715

5,541 5,844

3,073

3,625

4,170

4,686

5,403

6,296 6,587

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2011 2012 2013 2014 2015 2016 2017 Q1

Rs.

bn

Assets and Liabilities of the Banking Sector

Loans and Advances Deposits

99.3 116.6 191.0 165.5 152.8 142.3 156.0

3.8 3.7

5.6

4.2

3.2

2.62.7

2.12.2

3.8

2.6

1.7

1.21.4

0

1

2

3

4

5

6

0

50

100

150

200

250

2011 2012 2013 2014 2015 2016 2017Q1

%

Rs.

bn

Non-Performing Loans of the Banking Sector

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

Net NPL Ratio(%)(RHA)

Banking Sector Indicators (ii)

19.8

20.3

16.0 16.6 16.217.3

16.5

4.2

4.1

3.5 3.5 3.6 3.6 3.6

1.7 1.7

1.3 1.4 1.3 1.4 1.3

1

2

3

4

5

0

5

10

15

20

25

2011 2012 2013 2014 2015 2016 2017 Q1%%

Profitability Indicators

Return on Equity Net Interest Margin (RHA) Return on Assets (RHA)

2,269 2,601 2,942 3,498 4,291 5,062 5,240

14.414.7

14.9

14.1

13.0 11.412.0

16.0

16.4

17.6

16.6

15.4

14.314.9

10

11

12

13

14

15

16

17

18

-

1,000

2,000

3,000

4,000

5,000

6,000

2011 2012 2013 2014 2015 2016 2017 Q1

%

Rs.

bn

Capital Adequacy Ratios

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



Banking Density by Province2009 2017 Q1*


*Banking Density by Province is calculated based on the mid-year population estimates published by the Department of Census and Statistics

Non-Bank Financial Sector Indicators (i)

489.9

596.6

717.6

853.2

1,050.4

1,265.5 1,290.4

0

200

400

600

800

1,000

1,200

1,400

2011 2012 2013 2014 2015 2016 2017 Q1

Rs.

bn

Assets of the LFC & SLC Sector

186.0

254.1

337.3

414.1

480.6

530.7 558.5

0

100

200

300

400

500

600

2011 2012 2013 2014 2015 2016 2017 Q1

Rs.

bn

Total Deposits of the LFC & SLC Sector



LFC: Licensed Finance CompaniesSLC: Specialised Leasing Companies

Non-Bank Financial Sector Indicators (ii)



8.07.3 7.0

8.38.9

7.97.8

6.33.7

1.93.2 2.8 3.6

3.7

34.0

15.7

6.4

14.9

10.9

19.820.0

0

5

10

15

20

25

30

35

40

2011 2012 2013 2014 2015 2016 2017 Q1

%

Profitability Indicators of the LFC and SLC Sector

Net Interest Margin Return on Assets

Return on Equity

20.9 19.9 23.6 37.0 44.1 47.4 53.0 50.5

7.9

5.1 5.0

6.76.9

5.75.3

4.9

3.4 2.0 1.6

2.5 2.31.6

1.2 1.1

0

2

4

6

8

10

0

10

20

30

40

50

60

2010 2011 2012 2013 2014 2015 2016 2017Q1

%

Rs.

bn

Non-Performing Advances

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

Net NPA Ratio (%)(RHA)

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

Market


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

Mar

-12

Jun

-12

Sep

-12

Dec

-12

Feb

-13

May

-13

Au

g-1

3N

ov-

13

Jan

-14

Ap

r-1

4Ju

l-1

4Se

p-1

4D

ec-1

4M

ar-1

5Ju

n-1

5A

ug-

15

No

v-1

5Fe

b-1

6M

ay-1

6Ju

l-1

6O

ct-1

6Ja

n-1

7M

ar-1

7

Rs.

bn

Ind

ex

Share Price Indices and Market Capitalisation

Market Capitalisation (RHA) All Share Price Index S&P SL 20 Index

-167.2

304.0

174.2 161.9

-37.3

2.333.3

-250

-200

-150

-100

-50

0

50

100

150

200

250

300

350

2011 2012 2013 2014 2015 2016 2017 Q1

US$

mn

Net Foreign inflows

The sets of graphs above summarise macroeconomicand financial market trends in Sri Lanka. However,these graphs do not contain source data. An extensiveset of data is available in the CBSL website. Informationfor the first quarter of 2017 is provisional.


sri lanka: recent economic developments in charts · 2018-01-10 · sri lanka: macroeconomic...

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