Sri Lanka: Key economic indicators
Ottawan
GDP
· The growth is expected at 5.8 for 2006
Inflation
· Consumer price inflation is at 17.2% as of Oct 2006
· 2006 year's average is expected at around 12.7%
Treasury bonds
· has relaxed rules for non-residents
Taxes:
· corporation from 20%-33%
· top rate of personal income tax rate is 35%
· indirect taxes are main source of income
Major export (2005):
· Garments and textiles 45.6 %
· Tea 12.8%
Leading market (2005):
· USA 31.1%
· UK 11.7%
References:
http://www.economist.com/countries/SriLanka/profile.cfm?folder=Profile-Forecast
http://www.asiandevbank.org/documents/books/ado/2005/sri.asp
http://www.imf.org/external/country/LKA/index.htm
http://www.econstats.com/weo/C147.htm
neethan
This power point slide was presented by Ambassador Devinda R.
Subasinghe
Sri Lanka's Ambassador to the US
at
Ashland International Business Initiative
Convocation Centre
Ashland University, Ohio
January 20, 2004
On Mar 7, 6:41 am, "Ottawan" <ampa...@gmail.com> wrote:
> Key Facts about Sri Lanka economy
>
> GDP
> · The growth is expected at 5.8 for 2006
> Inflation
> · Consumer price inflation is at 17.2% as of Oct 2006
> · 2006 year's average is expected at around 12.7%
>
> Treasury bonds
> · has relaxed rules for non-residents
>
> Taxes:
> · corporation from 20%-33%
> · top rate of personal income tax rate is 35%
> · indirect taxes are main source of income
>
> Major export (2005):
> · Garments and textiles 45.6 %
> · Tea 12.8%
>
> Leading market (2005):
> · USA 31.1%
> · UK 11.7%
>
Ottawan
Sri Lanka's Inflation jumped to 20.5 percent in January and eased
marginally to 19.2 percent last month. But economists warn of trouble
is ahead.
There is another indicator that major investment companies look for,
called "bond rating". Two companies are well known to do this, one of
them is Moody and other one is Fitch.
Sri Lanka carries a "junk bond" rating of BB-minus from the ratings
agency Fitch, three levels below investment grade.
> > References:http://www.economist.com/countries/SriLanka/profile.cfm?folder=Profil...- Hide quoted text -
>
> - Show quoted text -
Ottawan
money.
High oil price, war budget and inflation all contribute.
For more : http://www.sundayobserver.lk/2007/03/18/fin01.asp
Tamil Diaspora and those in Colombo should avoid Sri Lankan banks,
instaed choose HSBC, ICICI - foreign banks. We should withdraw the
money, beofre the country goes bankrupt or before the money takes a
plunge.
According Wikepedia, in 2005 2005 223Billion USD was sent as
remittance, 60B to Mexico and second was India. I am sure Tamils also
help Sri Lankan economy.
> > > References:http://www.economist.com/countries/SriLanka/profile.cfm?folder=Profil...Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -