Monthly Bulletin · goods and services (3.9 per cent); and Recreation and culture (5.5 per cent)...

Monthly BulletinJanuary 2012

Central Bank of Sri lanka

Central Bank of Sri Lanka

BulletinVolume 62 Number 01

January 2012

� w Central Bank of Sri Lanka w Bulletin w January 2012

The Central Bank of Sri Lanka Bulletin is issued monthly by the Department of Economic Research under the direction of a Staff Editorial Committee.

The Committee is responsible for interpretations and opinions expressed except those of official statements and signed articles. However, these interpretations and opinions should not be construed to be the official viewpoint of the Monetary Board of the Central Bank of Sri Lanka.

The material appearing in the Bulletin may be reproduced or translated in whole or in part without prior permission (unless it is indicated as copy-righted), provided due credit is given to the Central Bank of Sri Lanka and the Bulletin.

Printed at the Central Bank Printing Press, No. 58, Sri Jayewardenepura Mawatha, Rajagiriya andPublished by the Central Bank of Sri Lanka, Colombo 1.

ISSN 1391-3654

Central Bank of Sri Lanka w Bulletin w January 2012 w 5

ContentsPage

Part I Events of the month … … … … … 7

Part II Press Releases – January 2012 … … … … 9

1. Inflation continued to remain at single digit level 2011 … … 9 2. Monetary Policy Review – January 2012 … … … 10 3. External Sector Performance – November 2011 … … … 11 �. Inflation drops in January 2012 … … … … 13 5. Colombo Consumers’ Prices Index (CCPI) … … … 1�

Statistical Appendix Table

PRODUCTION, RAINFALL, INPUTS AND INVESTMENTGross Domestic Product by Industrial Origin …… …… …… …… 01Agricultural Production Indices …… …… …… …… …… 02Production of Tea, Rubber and Coconut …… …… …… …… 03Paddy Production …… …… …… …… …… 0�Rainfall and Rainy Days …… …… …… …… …… 05Selected Industrial Production Indicators …… …… …… …… 06Private Sector Industrial Production Volume Index …… …… …… 07Investments, Exports and Employment in BOI Enterprises …… …… …… 08

COMMUNICATION, ENERGY, TRANSPORTATION AND HOUSINGTelecommunication Services …… …… …… …… …… 09Electricity Generation and Petroleum Imports …… …… …… …… 10Passenger Transportation and Port Operations …… …… …… …… 11New Registration of Motor Vehicles …… …… …… …… 12Greater Colombo Housing Approval Index …… …… …… …… 13

PRICES AND WAGESColombo Consumers’ Price Index (CCPI) …… …… …… …… 1�Wholesale Price Index …… …… …… …… …… 15Wholesale Prices of Selected Food Items at Pettah Market …… …… …… 16Average Producer and Retail Prices of Selected Food Items …… …… …… 17Average Producer Prices of Selected Varieties of Vegetables, Sea Fish, Fruits and Poultry Products …… 18Average Retail Prices of Selected Varieties of Vegetables and Fish …… …… …… 19Utility Prices …… …… …… …… …… 20Minimum Wage Rate Indices of Workers in Wages Board Trades …… …… …… 21Wage Rate Indices of Government Employees …… …… …… …… 22All Island Average Daily Wages in the Informal Sector …… …… …… 23Cost of Construction Indices …… …… …… …… …… 2�Price Indices for Selected Construction Materials and Labour Wages … …… …… 25

GOVERNMENT FINANCEAnalysis of Net Cash Surplus (+) / Deficit (-) …… …… …… …… 26Economic Classification of Government Revenue …… …… …… …… 27Government Expenditure – 2011 … …… …… …… …… 28Economic Classification of Government Expenditure and Lending Minus Repayments …… …… 29Outstanding Central Government Debt …… …… …… …… 30

TRADE, TOURISM AND BALANCE OF PAYMENTSExports, Imports and Trade Balance …… …… …… …… 31Exports …… …… …… …… …… 32Composition of Selected Industrial and Mineral Exports …… …… …… 33

6 w Central Bank of Sri Lanka w Bulletin w January 2012

Tea and Rubber – Auctions and Exports …… …… …… …… 3�Major Coconut Products – Auctions and Exports …… …… …… …… 35Exports of Other Agricultural Products – Volume …… …… …… …… 36Exports of Other Agricultural Products – Value …… …… …… …… 37Composition of Imports …… …… …… …… …… 38External Trade Indices – Export Value …… …… …… …… 39External Trade Indices – Import Value …… …… …… …… �0External Trade Indices – Export Volume …… …… …… …… �1External Trade Indices – Import Volume …… …… …… …… �2External Trade Indices – Export Unit Value …… …… …… …… �3External Trade Indices – Import Unit Value …… …… …… …… ��Key Indicators of Tourist Industry … …… …… …… …… �5Balance of Payments – Rupees Million …… …… …… …… �6Balance of Payments – US dollars Million …… …… …… …… �7External Reserves …… …… …… …… …… �8Exchange Rates of Major Currencies and Monthly Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) …… …… …… …… �9Interbank Forward Market Transactions …… …… …… …… 50

FINANCIAL SECTORMonetary Aggregates (M1 and M2) …… …… …… …… 51Monetary Survey (Domestic Banking Units) – M2 …… …… …… …… 52Assets and Liabilities of the Central Bank …… …… …… …… 53Assets and Liabilities of Commercial Banks (DBUs) …… …… …… 5�Assets and Liabilities of Offshore Banking Units (OBUs) …… …… …… 55Consolidated Monetary Survey (inclusive of OBUs) …… …… …… 56Financial Survey (M�) …… …… …… …… …… 57Reserve Position of Commercial Banks …… …… …… …… 58Currency Issue of the Central Bank (by Denomination) …… …… …… 59Money Rates …… …… …… …… …… 60Yield Rates on Government Paper …… …… …… …… 61Deposit and Lending Rates of Non-Commercial Bank Financial Institutions …… …… 62Interest Rates of Licensed Commercial Banks …… …… …… …… 63Commercial Banks’ Fees and Commissions …… …… …… …… 6�Cheque Clearing and SLIPS …… …… …… …… …… 65Commercial Banks Debits and Deposits Turnover …… …… …… 66Ownership of Demand, Time and Savings Deposits of the Private Sector with Commercial Banks …… 67Commercial Banks’ Loans and Advances to the Private Sector …… …… …… 68Financial Operations of NDB, DFCC and SMIB Banks …… …… …… 69Savings and Fixed Deposits of Commercial Banks and Other Licensed Non-Commercial Bank Financial Institutions …… …… …… …… …… 70Share Market Developments …… …… …… …… …… 71

Table


Part I

EVENTS OF THE MONTHJanuary 2012

Fiscal Sector

• Following items were exempted from VAT.

- importation of speakers and amplifiers, digital stereo processors and accessories, cinema media players and digital readers

- importation of green houses, poly tunnels and materials for the construction of green houses and poly tunnels by the growers

- import or the supply of lorries, trucks, buses, sports equipment, machinery use for the production of rubber and plastic products, wood sawn, sunglasses, perfumes, mammoties, forks, moulding (steel, glass, rubber and plastic), items and spare parts need in the poultry industry, photo sensitive semi-conductor devices, raw materials exclusively used for the manufacture of spectacles and spectacle frames

• Importation of aircrafts, ships, artificial limbs, crutches, wheel chairs, hearing aids, accessories for such aids, white canes for the blind, braille typewriters and parts, braille writing papers and boards, timber logs, yarn except sewing thread and vegetable fibre based yarn and fabric were exempted from NBT.

• SCL was increased on the importation of selected food items such as sugar, masoor dhal-whole, masoor dhal-split and garlic for a period of four months.

• SCL on the importation of the fresh or chilled and frozen fish, and edible oils including soya bean oil, palm oil, sunflower oil and coconut oil was introduced for a period of four months.

• The full customs duty waiver granted on the importation of petrol and diesel was reduced to Rs.23 per litre from Rs.35 per litre and to Rs.13 per litre from Rs.15 per litre, respectively.

• The supply of following items were exempted from VAT.

- locally manufactured hydropower machinery and equipment, products canned fish, turbines, specified products to identified state institutions replacing imports and pottery products

- research and development services, services by the department of commerce and paintings by artists

- The value addition attributable to a Unit Trust or a Mutual Fund from interest, dividend or dealing in debt instruments

• Wholesale or retail sale of goods to exporters, fresh milk, green leaf, cinnamon, rubber (latex, crape or sheet rubber), petrol, diesel or kerosene in a filling station, sale of locally manufactured clay roof tiles and pottery product by the manufacturer, sale of paintings by artists were exempted from NBT.

• Telecommunication Operator Levy on outgoing international calls was increased from Rs. 2 per minute to Rs. 3 per minute.

• International Telecommunication Operator Levy of incoming international calls was increased from US dollars 0.07 per minute to US dollars 0.09 per minute.

A Loan from the International Development Association (IDA)

An agreement was signed between the Government of Sri Lanka and IDA, on 29 November 2011, for a loan amounting to SDR 30.3 million (approximately Rs. 5.� billion) to finance the second and third additional financing for Community Livelihoods in Conflict Affected Areas Project. The loan carries a commitment fee of 0.5 per cent per annum and a service charge of 0.75 per cent per annum. The loan is repayable in 20 years including a grace period of 10 years.

Loans from the Exim Bank of India

Two agreements were signed between the Government of Sri Lanka and Exim Bank of India, on 17 January 2011. The details of the loans are as follows;

1. A loan amounting to USD 60.7 million

An agreement was signed for a loan amounting to US dollars 60.69 million (approximately Rs. 6.9 billion) to finance the Greater Dambulla Water Supply Project I. The loan carries an interest fee of 6 months LIBOR plus 2 per cent per annum, a commitment fee of 0.5 per cent per annum and a management fee of 0.5 per cent per annum. The loan is repayable in 1� years including a grace period of 3 years.

2. A loan amounting to USD 328.37 million

An agreement was signed for a loan amounting to US dollars 382.37 million (approximately Rs. 37.� billion)


A Grant from the World Bank

An agreement was signed between the Government of Sri Lanka and the World Bank on 20 December 2011, for a grant of Indian rupees 13.2 billion (approximately Rs. 28.5 billion), to finance the Health Sector Develop-ment Project.

to finance the restoration of Northern Railway Services Project. The loan carries an interest fee of 6 months LIBOR plus 0.5 per cent per annum, a commitment fee of 0.5 per cent per annum and a management fee of 0.5 per cent per annum. The loan is repayable in 20 years including a grace period of 5 years.


Year-on-year % Change Annual Average % Change

2010 2011

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Oct

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2

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8

10

Part II

PRESS RELEASESJanuary 2012

The year-on-year core inflation, which is computed by excluding the items of fresh food, energy, transport, rice and coconut from the CCPI basket, also declined reaching �.7 per cent in December 2011. The annual average core inflation reached 6.9 per cent by the year end.

Price Movements in 2011

The contribution to the annual average increase of 6.7 per cent in the Index came mainly from price increases in the sub category of Food and non alcoholic beverages (8.8 per cent). Meanwhile, average prices in the sub categories of Housing, water, electricity, gas and other fuels (�.3 per cent); Transport (7.1 per cent); Clothing and footwear (13.� per cent); Furnishing, household equipment and routine household maintenance (�.6 per cent); Health (2.7 per cent); Education (3.5 per cent); Miscellaneous goods and services (3.9 per cent); and Recreation and culture (5.5 per cent) increased compared to the previous year. However, the prices in the sub category of Communication remained unchanged during the year.

Increases in prices of locally produced agricultural and other food commodities, especially of vegetables were significant in the first three months of the year, due to both crop destructions and transport disruptions that occurred owing to the flood situation prevailed in major producing areas. Although this situation was temporary, inflation on a year-on-year basis continued to increase until it peaked in April and then decreased with the improved supply conditions. The increase in prices of imported food commodities such as wheat flour and milk powder in the international market led to the increase in the food

1. Inflation continued to remain at single digit level in 2011

As projected in the beginning of the year the rate of year-on-year inflation, as measured by the Colombo Consumers’ Price Index (CCPI) (2006/07=100), computed by the Department of Census and Statistics, decreased to 4.9 per cent in December 2011 from 6.2 per cent in January 2011 and the annual average rate of inflation recorded as 6.7 per cent in December 2011 thus stabilising the inflation at the mid single digit level.

Movements of the CCPI (2006/07=100)%

sub index and thereby the CCPI. Further, the upward price revisions of diesel, petrol, kerosene, LP gas and bus fares effected during the reference period also contributed both directly and indirectly to inflation.

The average price of rice was lower in 2011 when compared to 2010, despite a sharp drop in production in the Maha season. Although the prices of almost all varieties of rice recorded marginal increases during February and March 2011, prices began to decline subsequently due to availability of sufficient stocks in the market with a bumper Yala harvest. However, a gradual increase in the price of rice was observed since October 2011.

The weighted average prices of vegetables increased by 7.4 per cent in 2011, when compared to that of 2010. The prices of most varieties of both low-country and upcountry vegetables and leafy vegetables recorded significant increases during


fresh fish increased by 6.0 per cent in the first ten months of 2011 when compared to the corresponding period of 2010. The average price increase was 5.1 per cent in 2011 as compared to 2010. In general, the price increase was lower in the case of small fish. The prices of all varieties of dried fish showed increases in 2011, in line with the increased fish prices. Meanwhile, price of eggs remained at a lower level in 2011 when compared with that of 2010.

The upward price revisions of fuel and LP gas on several occasions during the year also had an impact on the CCPI both directly and indirectly. Consequent to the increase in the import price of crude oil, the prices of diesel, petrol and kerosene were revised on several occasions during 2011. Accordingly, the prices of these items increased by 15.1 per cent, 19.1 per cent and 39.2 per cent, respectively during the year. The bus fares were also increased by 7.6 per cent w.e.f. 01 July 2011. Meanwhile, the price of a 12.5 kg cylinder of LP gas increased on average by 29.0 per cent from January to December 2011. In addition to the direct impact, those price revisions also had an indirect impact on the CCPI through the cost of production.

In line with the price increases in the international market, domestic prices of several food commodities increased in 2011. Accordingly, the increase in the price of wheat flour by Rs. 3 per kg w.e.f. 19 April 2011 caused the price of a loaf of �50g bread to increase by Rs. 2 w.e.f. 22 April 2011. Meanwhile, the maximum selling price of a �00g packet of milk powder was increased by Rs. 20 w.e.f. 03 May 2011. This too contributed to an increase in CCPI for the period under reference.

January to March 2011 on account of supply shortages that resulted from heavy rains and floods experienced in major producing areas. However, improvements in supply conditions of vegetables from April onwards helped bring down the prices of vegetables substantially although it showed an increasing trend during November and December due to seasonal factors.

Although the prices of coconut and coconut oil remained high in the first four months of the year, a clear declining trend was observed from May onwards, recording the lowest level in November. On average, the prices of both coconut and coconut oil declined by 29.2 per cent and 28.7 per cent respectively, in December from those in January 2011.

Among the other domestically produced food commodities, average prices of red onion and potatoes were higher by 61.9 per cent and 10.5 per cent respectively, while that of big onion lower by 5.9 per cent, during the year when compared to the previous year. The significant increase in the average price of red onion during the year was mainly due to the higher price prevailed during the first two months of 2011 resulted from lower supply caused by adverse weather conditions. The prices of onion, however, declined from March onwards when compared to prices that prevailed in January 2011. In the case of potatoes, an increasing trend in prices was observed from April onwards due to reduction in supply. Subsequent downward revision by the government in Special Commodity Levy (SCL) in December 2011 helped to stabilise the prices of potatoes.

Despite the growth in fish and sea food production by 15.5 per cent during the first ten months of the year, the weighted average price of

In the meantime, the significant structural changes that have taken place in the Sri Lankan economy over the last several years are expected to provide the momentum for the economy to grow by about 8 per cent in 2012, even in the midst of the slowdown in global economic activity. Continued development efforts aimed at improving economic and social infrastructure are expected to augment the productive capacity of the

2. Monetary Policy Review – January 2012

In the third quarter of 2011, GDP grew by 8.4 per cent, with all three sectors, Agriculture, Industry and Services, contributing towards that growth performance. GDP growth in 2011 is estimated to be around 8.3 per cent.

country and thereby enable the realisation of the country’s growth potential. Improvements in infrastructure would also help eliminate supply bottlenecks, thus helping to reduce price pressures. As inflation is expected to remain around mid-single digit levels in 2012, broad money (M2b) is expected to grow by around 15 per cent in 2012, as announced in the ‘Road Map for Monetary and Financial Sector Policies for 2012 and beyond’.


conditions in the domestic money market. As a result, the benchmark yield on one year Treasury bills recorded an increase of around 175 basis points in 2011, while the average weighted deposit rate (AWDR) recorded an increase of about 100 basis points. Meanwhile, the average weighted prime lending rate (AWPR) increased by around 120 basis points in 2011, although at the last auction, the weighted average yields on Treasury bills in the primary market remained unchanged, indicating some stabilisation in market conditions. These moderate upward movements in interest rates are likely to exert a restraining effect on monetary aggregates, which would, in turn, help to curb the build up of demand pressures.

Taking into consideration the above developments, the Monetary Board is of the view that the present policy stance does not require any adjustment and accordingly, at its meeting held on 10th January 2012, decided to maintain the Bank’s policy interest rates unchanged at their current levels, i.e., the Repurchase rate at 7.00 per cent and the Reverse Repurchase rate at 8.50 per cent.

The release of the next regular statement on monetary policy will be on 9th February 2012.

The ongoing structural changes in the economy are also likely to be reflected in the external sector, with earnings from tourism projected to increase to US dollars 1.2 billion, migrant worker remittances expected to increase to US dollars 6.5 billion, foreign direct investment (FDI) projected to record US dollars 2.0 billion, and inflows of debt capital to the private sector also expected to increase significantly in 2012.

On the fiscal front, preliminary estimates indicate that the government has contained the fiscal deficit to a level within the revised target of 7 per cent of the GDP in 2011. It is expected that the government would bring down the fiscal deficit to 6.2 per cent of the GDP in 2012, thereby augmenting the resource availability to the private sector further.

With regard to monetary developments, credit obtained by the private sector remained robust through 2011, and by November, recorded a year-on-year growth of 33.5 per cent. Largely reflecting the robust expansion of credit, broad money growth also remained at a level higher than that projected for 2011. Year-on-year growth of broad money (M2b) was 20.6 per cent by November. However, market interest rates moved upwards in recent months, in line with changing liquidity

3. External Sector Performance – November 2011

The structural shift in the economy driven by broad based economic growth including that of former conflict affected areas have contributed to the continuous expansion in external trade, as well as identified sustainable foreign exchange inflows to support and nurture continuous economic activity.

In November 2011, earnings from exports grew by 11.6 per cent to US dollars 879 million, while expenditure on imports increased by 78 per cent to US dollars 1,981 million compared to that of November 2010. Imports were mainly driven by increased demand for investment goods by the government infrastructure projects (a considerable part of which was funded by foreign loans to government) and higher intermediate and investment goods imports by the private sector.

The exports of machinery and equipment, petroleum products, rubber based products, diamond and jewellery, food, beverages and tobacco and textile and garments continued to record healthy growth levels, while the agricultural exports recorded a marginal increase in November 2011, compared with the corresponding month of 2010. Industrial exports grew by 35 per cent in November 2011 in which textiles and garments

rose by 28.5 per cent and machinery and equipment increased substantially by 97.3 per cent in November 2011 compared to the corresponding month of 2010. The sharp increase in machinery and equipment exports is due to the export of two small ships to Singapore and Tanzania. Among the agricultural exports, tea and coconut, including kernel products, increased year-on-year by 7.1 per cent and �6.9 per cent, respectively, in November 2011. The earnings from rubber exports declined in November 2011 due to decline in export volumes as demand from domestic industries for rubber continued to remain elevated.

Expenditure on imports in November 2011 was mainly driven by increases in imports of intermediate and investment goods. The intermediate goods imports increased year-on-year by 81.1 per cent, led by petroleum, textiles and clothing and fertiliser imports.


During 2011, earnings from tourism grew at a healthy rate of ��.2 per cent to US dollars 830 million in 2011 compared to 2010. The tourist arrivals in 2011 increased by 30.8 per cent to 855,975 compared to that of 2010. The cumulative inflows on account of workers’ remittances grew at 23.8 per cent to US dollars �,639 million for the first eleven months of 2011. The expansion in exports of services and increased workers’ remittances helped contain the impact of the trade deficit, thereby sharply reducing the deficit of the current account to approximately US dollars 3,999 million for the first eleven months of 2011. Inflows on account of short-term foreign financing obtained by commercial banks and funds to be secured from abroad as Tier II capital of banks are expected to further strengthen inflows to the country, as noted by the fact that banks have already contracted US dollars �90 million as short-term facilities extending up to one year. Meanwhile, several banks have also already negotiated Tier II capital which could potentially reach about US dollars 1 billion this year.

By end November 2011, gross official reserves, excluding Asian Clearing Union (ACU) balances, amounted to US dollars 6,201 million. By end November 2011, total external reserves, which includes gross official reserves and foreign assets of commercial banks amounted to US dollars 7,5�1 million. In terms of months of imports, gross official reserves and total external reserves by end November 2011 were equivalent to 3.8 months and �.6 months, respectively.

The performance of external sector for the period in consideration in further illustrated in the Table 1.

The import expenditure on petroleum increased mainly due to higher average import price of crude oil of US dollars 113 per barrel in November 2011 compared to US dollars 8�.85 per barrel for the corresponding month of 2010. Fertiliser imports grew in terms of both prices and volumes, by 326 per cent and 99.9 per cent, year-on-year, respectively, and the sharp increase of volume was mainly due to expansion of fertiliser subsidy to cover all crops. Expenditure on imports of investment goods increased substantially by 91.9 per cent while the non-food consumable imports increased by �8.2 per cent, year-on-year, in November 2011.

In cumulative terms, for the first eleven months of 2011, earnings from exports increased by 22.2 per cent to US dollars 9,581 million while the expenditure on imports, driven by substantial increase in investment goods and the sharp increase in price and volume of petroleum imports, increased by 53.2 per cent to US dollars 18,�17 million, compared with the corresponding period of 2010. In addition, gold and motor vehicle imports contributed to the overall increase in import expenditure. The gold imports increased more than six fold to US dollars 553 million while the expenditure on imports of motor vehicle almost doubled to US dollars 913 million during the first eleven months of 2011, compared with the same period of 2010. The trade deficit for the first eleven months of 2011 stood at US dollars 8,835 million, a significant portion of which was on account of imports of infrastructure related projects of the government that have been funded mainly by foreign loans. In that context, the total inflows to the government, including the proceeds of the International Sovereign Bond issue, amounted to US dollars �,027 million, during the first eleven months of 2011.

400

500

600

700

800

900

1,100

1,000

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

2010

US $ mn

2011

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

2010

US $ mn

2011

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Earnings from Exports2010 – 2011

Expenditure on Imports2010 – 2011

Sources : Central Bank of Sri Lanka Sri Lanka Customs

Sources : Central Bank of Sri Lanka Sri Lanka Customs


External Trade Performance

November (a) November (b) Growth Jan–Nov Jan–Nov Growth Category 2010 2011 November 2010 (a) 2011 (b) Jan–Nov (US $ mn) (US $ mn) (%) (US $ mn) (US $ mn) (%)

787.9 879.3 11.6 7,841.0 9,581.4 22.2

182.� 18�.3 1.1 1,956.5 2,1�8.0 9.8 115.2 123.� 7.1 1,319.8 1,3��.2 1.9

507.2 68�.5 35.0 5,607.8 7,313.� 30.� 270.� 3�7.6 28.5 3,065.2 3,817.7 2�.6 51.1 75.8 �8.3 50�.1 80�.3 59.6 �3.7 59.5 36.0 �71.9 560.5 18.8

8.7 10.5 20.9 87.5 119.8 36.9

1,113.0 1,980.5 78.0 12,022.2 18,416.5 53.2

236.9 366.0 5�.5 2,571.6 3,798.8 �7.7 110.� 178.5 61.7 1,�82.0 1,929.8 30.2 126.5 187.5 �8.2 1,089.6 1,869.1 71.5

606.6 1,098.5 81.1 6,696.3 10,288.� 53.6 215.5 �68.8 117.5 2,69�.9 �,151.3 5�.0 160.2 185.6 15.9 1,536.� 2,038.1 32.7

26�.9 508.3 91.9 2,585.2 �,227.1 63.5 123.2 255.� 107.3 1,062.3 1,880.7 77.1 �7.5 123.0 159.1 510.6 912.3 78.7 67.1 9�.7 �1.2 736.0 1,018.0 38.3

-325.1 -1,101.2 238.8 -4,181.2 -8,835.2 111.3

365.9 436.0 19.2 3,746.3 4,638.7 23.8

n.a. n.a. n.a. 309.7 679.3 119.3

74.5 94.6 27.0 575.9 830.3 44.2

195.1 241.8 23.9 3,458.0 4,027.2 16.5

Exports

Agricultural of which, Tea

Industrial of which, Textiles and Garments Rubber Products Food, Beverages and Tobacco

Mineral

Imports

Consumer Goods of which, Food and Drink Other Consumer Goods

Intermediate Goods of which, Petroleum Textiles and Clothing

Investment Goods of which, Machinery and Equipment Transport Equipment Building Material

Balance of Trade

Workers’ Remittances

Foreign Direct Investments (FDI) (c)

Earnings from Tourism (d)

Inflows to the Government (e)

Sources : Sri Lanka Customs Central Bank of Sri Lanka

(a) Revised(b) Provisional(c) FDIs for the first nine months of 2010 and 2011.(d) Earnings from tourism for the year 2010 and 2011.(e) Government inflows in 2010 and 2011 include the proceeds of the

International Sovereign Bonds issued in October 2010 and July 2011, respectively.

The annual average inflation also decreased to 6.5 per cent in January from 6.7 per cent in December 2011. In addition, the core inflation, which is computed by excluding the items of fresh food, energy, transport, rice and coconut from the CCPI basket, continued to decline for the fourth consecutive month to 6.7 per cent on an annual average basis in January 2012. Meanwhile, the YoY core inflation remained unchanged at �.7 per cent in January 2012.

4. Inflation drops in January 2012

Year-on-year (YoY) inflation, as measured by the Colombo Consumers’ Price Index (CCPI) (2006/07=100) computed by the Department of Census and Statistics, decreased significantly to 3.8 per cent in January 2012 from 4.9 per cent in December 2011.

Meanwhile, the general price level as indicated by the monthly index recorded an increase of 0.3 per cent in January 2012 over the previous month, with the Index increasing in absolute terms to 15�.8 from 15�.�. The contribution to the monthly increase in the Index came mainly from price increases in the non-food category. Accordingly, prices in the sub categories of Transport (2.0 per cent); Housing, water, electricity, gas and other fuels (0.3 per cent); Furnishing, household

Table 1

1� w Central Bank of Sri Lanka w Bulletin w January 2012

Source : Department of Census and Statistics

(2006/07 = 100)

Year-on-year % Change Annual Average % Change

2010 2011 2012

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Oct

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0

2

4

6

8

10

Movements of the CCPI (2006/07=100)%

equipment and routine household maintenance (1.1 per cent); Health (0.5 per cent); Clothing and footwear (0.5 per cent); Recreation and culture (0.� per cent); Miscellaneous goods and services (0.2 per cent); and Education (0.1 per cent) increased compared to the previous month. Meanwhile, the prices in the sub category of Communication remained unchanged during the month. However, the prices of the sub category of Food and non alcoholic beverages decreased by 0.3 per cent in January compared to December 2011. Within the Food sub category, prices of some varieties of vegetables, potatoes, big onions, limes, green chillies, dried chillies and sugar declined due to improvements in supply.

5. Colombo Consumers’ Price Index (CCPI)

2010, 2011 and 2012

Index Monthly Year-on-year Annual Average Month Change % Change % Change %

2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012

January 1�0.� 1�9.2 15�.8 1.9 1.� 0.3 7.1 6.2 3.8 3.2 6.1 6.5February 1�1.1 151.3 0.5 1.� 7.5 7.2 3.3 6.1 March 139.8 150.6 -0.9 -0.5 7.2 7.7 3.� 6.2 April 138.� 150.6 -1.0 0.1 6.8 8.9 3.8 6.� May 1�0.1 151.5 1.2 0.6 5.6 8.2 3.9 6.6 June 1�1.2 151.2 0.8 -0.2 5.1 7.1 �.3 6.7 July 1�1.2 151.7 0.0 0.� �.� 7.5 �.6 7.0 August 1�1.� 151.3 0.2 -0.3 5.0 7.0 �.9 7.1 September 1�2.6 151.7 0.8 0.3 5.7 6.� 5.3 7.2October 1��.1 151.5 1.1 -0.1 6.5 5.1 5.7 7.1 November 1�5.7 152.6 1.1 0.7 6.9 �.7 6.1 6.9 December 1�7.2 15�.� 1.1 1.2 6.8 �.9 6.2 6.7

STATISTICAL APPENDIx

Definitions and Explanatory Notes

The following general notes supplement the footnotes given below the individual tables:–

1. The data cover monthly figures available at the time the Bulletin goes to print, and the latest available information does not relate to the same month, in every table.

To enable comparision, annual figures for recent years are given.

2. In an attempt to bring the material up-to-date provisional figures are included in some tables.

3. Figures in some tables have been rounded off to the nearest final digit. Hence there may be a slight discrepancy between the total as shown and the sum of its components.

4. Differences as compared with previously published figures are due to subsequent revisions.

5. The following symbols have been used throughout:–

n.a. = not available – = nil … = negligible

Central B

ank of Sri Lanka w B

ulletin w January 2012 w 17

PRODUCTION, RAINFALL, INPUTS AND INVESTMENT TABLE 1

Gross Domestic Product by Industrial Origin

AGRICULTURE

1. Agriculture, Livestock and Forestry 1.1 Tea 1.2 Rubber 1.3 Coconut 1.� Minor Export Crops 1.5 Paddy 1.6 Livestock 1.7 Other Food Crops 1.8 Plantation Development 1.9 Firewood and Forestry 1.10 Other Agricultural Crops

2. Fishing

INDUSTRY

3. Mining and Quarrying

4. Manufacturing �.1 Processing (Tea, Rubber and Coconut) �.2 Factory Industry �.3 Cottage Industry

5. Electricity, Gas and Water 5.1 Electricity 5.2 Gas 5.3 Water

6. Construction

SERVICES

7. Wholesale and Retail Trade 7.1 Import Trade 7.2 Export Trade 7.3 Domestic Trade

8. Hotels and Restaurants

9. Transport and Communication 9.1 Transport 9.2 Cargo Handling – Ports and Civil Aviation 9.3 Post and Telecommunication

10. Banking, Insurance and Real Estate etc.

11. Ownership of Dwellings

12. Government Services

13. Private Services

GROSS DOMESTIC PRODUCT

(a) Revised. (b) Provisional.

Sector

Rs. million

Nominal GDP Real GDP (at 2002 Prices)

2010 (a) 2011 (b)

Qtr 1 Qtr 2 Qtr 3 Qtr � Qtr 1 Qtr 2 Qtr 3 Qtr �

212,012 162,631 179,367 163,900 236,161 184,075 196,726 174,192 89,177 76,486 82,724 67,224 85,371 78,049 88,121 68,806

192,551 138,355 153,748 139,479 213,400 156,518 167,328 144,706 82,101 68,261 74,378 58,462 77,390 68,451 78,330 58,745 16,795 19,958 16,797 18,76� 18,073 18,695 1�,633 16,696 6,�25 8,277 6,850 7,218 6,806 8,105 6,�66 7,128 9,82� 9,153 11,213 13,907 16,131 1�,76� 1�,69� 15,887 1,079 1,218 1,925 2,761 1,130 1,350 1,968 2,662 13,351 15,98� 12,371 18,733 19,�2� 23,151 15,�25 1�,�39 6,830 8,151 6,2�� 7,630 6,683 8,798 6,7�2 7,�96 �,837 3,350 5,128 �,573 5,362 3,090 5,055 �,582 3,75� 3,312 3,203 �,686 3,582 2,889 2,951 2,691 59,10� 16,�85 27,826 10,�68 39,976 11,893 32,003 11,935 23,100 7,167 13,230 �,881 18,�68 5,�97 1�,873 5,�87 13,793 12,801 1�,029 13,903 1�,203 1�,122 15,173 13,985 �,618 5,787 5,911 6,081 5,108 6,276 6,306 6,338 56,60� ��,775 �9,13� �0,895 80,789 53,883 51,359 �7,261 28,105 26,639 28,2�9 17,002 26,86� 27,377 29,938 18,3�7 2,958 2,218 2,908 3,795 3,23� 2,�2� 3,189 �,162 1,638 1,56� 1,890 1,803 1,722 1,663 1,998 1,90� 8,253 8,�3� 8,520 8,513 8,567 8,708 9,�30 9,30� 3,7�6 3,7�3 �,17� �,170 3,9�8 3,938 �,211 �,38� 7,033 5,197 5,82� 5,928 7,6�2 5,786 6,365 6,�55 2,808 2,�05 2,703 2,231 3,079 2,558 2,876 2,307

19,461 24,276 25,619 24,421 22,762 27,557 29,399 29,486 7,075 8,225 8,346 8,762 7,981 9,598 9,791 10,061

393,834 384,404 401,906 469,123 470,973 451,112 479,146 555,384 182,780 178,432 196,719 202,404 203,086 195,360 217,903 222,583

22,493 19,586 19,820 27,327 26,999 23,055 25,572 36,716 13,089 12,683 14,695 19,612 15,952 14,339 17,570 23,330

251,835 239,002 240,198 277,967 302,565 280,386 281,950 326,678 113,756 106,646 118,389 119,869 123,035 115,368 127,459 129,129 13,�10 12,276 10,9�1 9,080 17,393 13,916 11,875 10,200 3,959 �,�17 3,721 3,771 3,915 �,689 3,770 3,632 225,�9� 215,�60 221,616 253,837 270,336 253,601 261,179 299,1�0 102,�95 95,577 107,9�3 108,910 111,310 103,533 116,510 117,825 12,931 11,266 7,6�1 15,050 1�,836 12,869 8,896 17,338 7,302 6,652 6,725 7,188 7,810 7,1�7 7,179 7,672

28,397 29,142 33,473 36,612 33,133 32,781 37,897 37,663 12,982 16,124 17,251 17,325 15,004 18,108 18,474 17,961 23,070 2�,322 28,179 30,�58 26,�66 27,361 31,359 30,668 11,2�7 1�,3�2 15,3�2 15,360 13,039 16,385 16,�11 15,887 3,613 3,561 3,793 �,6�9 �,707 �,070 �,879 5,3�7 1,105 1,170 1,125 1,193 1,277 1,088 1,233 1,257 1,71� 1,259 1,501 1,506 1,960 1,350 1,659 1,6�7 630 612 78� 772 688 635 830 817

91,109 96,674 108,415 127,216 108,276 114,889 133,727 154,328 42,953 42,979 46,384 45,597 49,095 47,545 54,401 52,163

723,035 755,571 826,457 931,863 865,267 880,411 970,896 1,078,318 371,547 380,169 410,767 407,114 406,689 413,538 442,703 441,646

272,742 237,232 299,656 287,332 337,280 293,855 377,962 348,565 143,716 144,628 167,438 157,577 159,033 161,071 183,350 173,112 80,985 68,56� 99,877 92,373 103,0�3 92,699 150,0�2 122,929 �5,312 �6,835 59,66� 61,665 50,668 55,092 68,15� 70,0�9 37,503 3�,�3� �1,9�1 �3,713 �6,888 �3,83� �7,235 �8,9�7 23,170 26,713 30,231 26,165 26,720 29,995 32,�85 27,86� 15�,25� 13�,233 157,838 151,2�7 187,3�9 157,321 180,686 176,690 75,23� 71,079 77,5�3 69,7�6 81,6�5 75,98� 82,711 75,199

7,283 6,148 7,471 12,311 9,830 8,749 10,133 15,542 2,475 2,292 2,006 7,073 3,321 3,053 2,551 8,576

162,748 166,934 187,878 191,840 194,449 190,695 214,304 218,938 89,383 86,582 96,678 95,999 100,908 96,475 106,288 106,731 152,1�5 152,590 17�,889 176,8�� 178,�13 173,717 200,078 201,733 75,3�5 70,�36 78,162 79,0�0 8�,215 78,761 86,53� 87,577 �,598 5,612 7,096 8,361 6,�15 5,7�1 6,80� 9,188 3,786 �,567 �,573 5,780 �,522 �,655 �,633 6,250 6,00� 8,731 5,893 6,635 9,621 11,237 7,�22 8,016 10,251 11,580 13,9�3 11,179 12,171 13,059 15,121 12,90�

120,132 147,350 129,803 200,254 146,241 171,073 153,328 238,673 55,971 58,935 59,424 59,925 61,121 62,530 63,835 65,191

41,734 44,505 42,099 43,534 48,123 50,023 44,798 46,324 18,684 18,602 18,602 18,803 18,911 18,815 18,853 19,029

86,970 122,342 127,896 163,340 91,978 130,172 135,984 174,321 45,855 53,212 51,105 52,015 46,554 54,352 51,315 52,483

31,428 31,061 31,654 33,251 37,365 35,844 34,386 35,955 15,463 15,918 15,514 15,722 16,841 17,243 16,511 16,524

1,328,881 1,302,606 1,407,730 1,564,886 1,572,402 1,515,598 1,646,768 1,807,895 643,504 635,087 690,209 676,742 695,145 686,947 748,727 733,035

Source: Department of Census and Statistics

Qtr 1 Qtr 2 Qtr 3 Qtr � Qtr 1 Qtr 2 Qtr 3 Qtr �

2010 (a) 2011 (b)



Agricultural Production Indices

Year Overall Plantation Tea Rubber Coconut Paddy Other Field Vegetable Livestock Fish Index (a) (b) Crops (b) (b) (c)

(a) Overall indices is available only on annual basis because of the seasonal nature of certain crops.

(b) Maha production index in the 2nd quarter and Yala production index in the �th quarter.

(c) Computed only on annual basis due to data limitations.

(d) Provisional

Source : Central Bank of Sri Lanka

1997 - 2000 = 100

2008 12�.0 111.1 111.0 13�.0 10�.8 1�5.� 123.7 1�8.7 1�2.� 116.92009 122.� 106.2 101.� 1�1.9 99.5 137.0 132.6 1�6.1 1�6.6 12�.�2010(d) 131.6 107.1 11�.7 158.7 93.1 161.� 139.6 150.1 150.3 139.7

2009 3rd Qtr 105.1 106.7 133.� 105.6 12�.9 �th Qtr 108.3 113.9 1�6.3 105.� 95.1 108.1 122.3 138.0

2010(d) 1st Qtr 102.8 103.1 175.7 101.2 129.7 2nd Qtr 126.0 132.8 136.0 98.0 197.3 165.5 170.5 129.8 3rd Qtr 99.2 106.7 15�.6 100.5 1�3.0 �th Qtr 97.� 110.0 168.� 91.3 125.� 113.7 129.6 161.0

2011(d) 1st Qtr 92.7 106.2 183.9 86.8 1�6.2 2nd Qtr 121.8 131.1 1�9.5 105.6 1�9.6 1�8.0 171.1 151.�


Production of Tea, Rubber and Coconut

(a) The monthly and quarterly figures do not add upto the annual total due to the adjustment for changes in Copra stocks and revision in the estimates of local consumption.

(b) Revised.

(c) Provisional.

Sources : Sri Lanka Tea Board Rubber Development Department Ministry of Coconut Development and Janatha Estate Development

2009 (b) 72.9 ��.8 173.2 291.1 5�.5 �0.7 �1.7 136.9 1,815.6 291.7 598.2 18�.5 2,762.22010 (c) 79.3 56.1 196.1 331.� 59.3 61.1 32.7 153.0 1,836.0 22�.9 522.9 129.8 2,58�.�2011 (c) 79.2 52.6 196.8 328.6 60.7 6�.7 32.6 157.8 1,88�.6 363.5 391.7 117.8 2,757.� . 2010 (c) 1st Qtr 17.9 11.9 ��.2 7�.0 15.� 15.0 12.0 �2.� �59.0 31.6 182.2 29.7 702.5 2nd Qtr 2�.8 17.6 52.5 95.3 12.9 12.9 7.0 32.8 �59.0 61.3 126.5 33.� 680.2 3rd Qtr 17.0 13.2 �8.7 78.9 12.1 18.6 6.6 37.3 �59.0 65.8 138.2 3�.2 697.2 �th Qtr 13.7 9.1 50.3 55.3 18.9 1�.5 7.1 �0.6 �59.0 66.1 76.1 32.5 633.7 2011 (c) 1st Qtr 20.1 12.� �5.9 78.� 17.5 20.0 7.0 ��.3 �50.0 50.7 82.2 19.6 602.5 2nd Qtr 25.2 15.8 52.3 93.3 13.2 1�.8 8.� 36.3 �80.0 77.0 1�7.6 28.5 733.1 3rd Qtr 1�.7 10.6 �9.2 7�.5 1�.8 1�.9 8.� 38.1 �80.0 120.5 90.0 36.0 726.5 �th Qtr 19.2 13.8 �9.� 82.� 15.2 15.0 8.8 39.1 �7�.6 115.3 72.0 33.6 695.� 2010 (c) December 6.3 �.2 16.8 27.3 7.0 �.7 2.6 1�.3 153.0 19.1 1�.9 9.8 196.80 2011 (c) Jan 5.0 2.9 13.3 21.2 5.9 6.9 2.0 1�.7 150.0 16.1 1�.8 6.8 187.7 Feb 5.1 2.9 1�.1 22.1 5.9 6.6 2.8 15.2 150.0 13.6 17.8 5.8 187.2 Mar 10.0 6.6 18.5 35.1 5.7 6.5 2.2 1�.� 150.0 21.0 �9.6 7.0 227.6 Apr 8.2 �.9 16.9 30.0 �.6 5.3 3.3 13.1 160.0 16.� 58.� 7.� 2�2.3 May 9.0 6.0 18.6 33.6 3.9 �.� 3.0 11.3 160.0 27.2 �0.7 8.7 236.6 Jun 8.0 �.9 16.8 29.7 �.7 5.1 2.1 11.9 160.0 33.5 �8.5 12.3 25�.3 Jul 5.9 �.0 15.3 25.2 5.0 �.9 3.0 12.9 160.0 37.9 36.3 1�.5 2�8.7 Aug �.6 3.� 17.� 25.� �.8 �.7 2.9 12.3 160.0 �0.8 28.0 10.7 239.5 Sep �.2 3.2 16.5 23.9 5.0 5.3 2.6 12.9 160.0 �1.9 25.6 10.8 238.2 Oct 5.1 �.3 15.5 2�.9 5.1 5.� 2.8 13.3 160.0 �0.1 26.6 10.� 237.1 Nov 8.� 5.6 17.8 31.8 5.0 �.8 2.7 12.5 160.0 �1.0 27.� 12.3 2�0.6 Dec 5.7 3.9 16.1 25.7 5.1 �.8 3.3 13.3 15�.6 3�.2 18.0 10.9 217.7

Tea (mn kg) Rubber (mn kg) Coconut (mn nuts)

Period High Medium Low Total Sheet Crepe Other Total Local Desic- Coco- Other Total Grown Grown Grown Consump- cated nut (a) tion Coconut Oil



Paddy Production

Gross Net Prodc- Yield Extent Extent tion per Sown Harvested ha. (ha. ’000) (ha. ’000) (mt ’000) (kg.)

2006 591 525 2,136 �,069 319 283 1,206 �,263 910 808 3,3�2 �,1372007 525 �59 1,973 �,299 291 255 1,158 �,5�3 816 71� 3,131 �,3892008 582 508 2,125 �,181 �71 �17 1,750 �,195 1,053 925 3,875 �,1872009 632 539 2,38� �,�21 3�5 303 1,268 �,186 978 8�2 3,652 �,3362010 6�6 57� 2,630 �,583 �19 376 1,671 �,�� 1,065 950 �,301 �,5282011 (a) 730 5�� 1,996 3,668 �87 �26 1,879 �,�15 1,217 970 3,875 3,995

(a) Provisional Source : Department of Census and Statistics

Year



Maha Yala Total


Rainfall and Rainy Days

2009 2010 (a) 2011 (a) 2008 2009 2010 (a) 3rd Qtr �th Qtr 1st Qtr 2nd Qtr 3rd Qtr �th Qtr 1st Qtr 2nd Qtr

Rainfall (mm)

Area

(a) Provisional Source : Department of Meteorology(b) Katugastota

AnuradhapuraBandarawelaColomboHambantotaKandy (b)Nuwara EliyaRatnapuraTrincomalee

AnuradhapuraBandarawelaColomboHambantotaKandy (b)Nuwara EliyaRatnapuraTrincomalee

No. of Rainy Days

1,�86 1,075 1,665 66 6�2 81 316 �29 839 68� 379 2,10� 1,320 1,688 173 573 252 �26 2�9 761 755 287 2,622 2,13� 3,370 378 80� 98 1,�11 �39 1,�22 2�5 731 1,1�0 881 875 185 �96 51 22� 103 �97 350 117 1,8�9 1,9�� 2,666 257 1,029 223 596 586 1,261 772 285 1,587 1,6�0 2,181 300 731 222 689 52� 7�6 630 288 3,88� 3,39� �,561 1,003 826 503 1,5�8 1,063 1,��7 672 1,312 1,8�5 1,889 1,�20 75 1,16� 55 63 317 985 n.a. 1,3�2

112 87 103 9 �9 10 20 23 50 36 18 180 162 1�6 31 60 21 �5 28 52 53 35 18� 179 158 50 �8 18 59 32 �9 28 50 109 122 10� 32 �3 12 32 21 39 29 15 170 186 17� �8 60 18 �9 �8 59 �3 �3 198 20� 20� 63 65 25 61 62 56 �� 5 2�3 227 233 68 62 35 7� 59 65 �� 66 10� 10� 105 18 5� 1� 11 27 53 �2 10


2009 172.7 219.0 1,315.6 983.3 901.2 5,169.52010 (a) 186.5 231.7 1,�72.6 1,165.7 828.9 6,135.52011 (b) 203.5 251.8 1,573.3 1,306.0 905.� 7,536.6

2010 (a) 1st Qtr 179.2 5�.1 3�8.8 270.5 215.0 1,�6�.5 2nd Qtr 176.6 57.0 353.� 280.1 2�5.� 1,176.9 3rd Qtr 181.5 60.9 38�.7 308.3 217.7 1,719.1 �th Qtr 208.9 59.7 385.7 306.8 150.9 1,77�.9

2011 (b) 1st Qtr 199.9 58.3 369.1 310.2 163.8 1,890.� 2nd Qtr 191.2 60.9 388.0 316.6 180.� 1,697.0 3rd Qtr 19�.8 66.9 �08.1 3�2.� 271.� 1,995.0 �th Qtr 228.0 65.8 �08.1 336.8 289.8 1,95�.2

2010 (a) December 207.5 19.5 128.8 102.9 32.1 52�.3

2011 (b) January 19�.3 18.7 118.8 103.0 52.2 693.0 Febuary 196.2 19.0 125.7 109.1 38.2 577.� March 209.2 20.5 12�.6 98.1 73.� 619.9 April 196.8 21.0 119.5 100.0 68.3 52�.7 May 186.2 19.2 133.6 106.0 52.� 589.0 June 190.5 20.7 13�.9 110.5 59.7 583.� July 186.6 21.3 13�.3 113.0 103.� 708.3 August 207.1 22.� 137.2 115.� 76.6 675.2 September 190.7 23.2 136.6 11�.0 91.� 611.5 October 222.5 22.� 13�.3 111.� 103.6 636.7 November 23�.3 21.6 138.1 112.7 97.� 650.2 December 227.� 21.7 135.8 112.7 88.7 667.2


Selected Industrial Production Indicators

Domestic Sales of Furnace Oil

in Industry (’000 mt) (d)

Selected IndustrialExports

(US $ mn) (e)

IndustrialProduction

Index

Electricity Usage in Industry (GWT) (a) (c)

Small Medium Large Industry Industry Industry

Period

(a) Revised

(b) Provisional

(c) (1) Includes manufacturing and export processing industries. Small industry is defined as those units having supply of electricity at �00/230 volts and contract demand is less than 50 KVA, medium industry as supply of electricity at �00/230 volts and contract demand is equal or more than 50 KVA and large industry as supply of electricity at 11 KV, 33 KV and 132 KV.

(2) Figures include electricity consumption of hotels.

(d) Sales other than to Ceylon Electricity Board.

(e) Excluding Petroleum exports.

n.a. – Not available

Sources : Central Bank of Sri Lanka Ceylon Electricity Board Ceylon Petroleum Corporation Sri Lanka Customs

Central B




Private Sector Industrial Production Volume Index(a)(b) (1997=100)

2009 177.3 181.3 152.9 1��.7 1�7.8 220.1 171.2 176.� 16�.3 152.02010 (c) 192.7 193.6 166.0 153.3 157.1 2�8.3 192.5 185.8 179.� 163.32011 (d) 209.8 207.3 190.5 161.6 165.7 270.3 209.� 198.1 190.5 171.1 2010 (c) 1st Quarter 186.8 186.9 172.1 159.6 150.1 236.8 175.1 188.1 157.3 162.6 2nd Quarter 181.6 186.� 1�7.5 1�1.7 1�9.7 222.5 198.2 168.7 178.9 166.0 3rd Quarter 186.3 192.3 139.7 159.8 160.5 2�0.3 200.1 19�.8 192.6 153.9 �th Quarter 216.2 208.9 20�.9 151.9 168.2 293.6 196.� 191.� 188.6 170.7

2011 (d) 1st Quarter 205.9 199.3 211.0 168.9 159.0 257.3 190.1 20�.2 165.� 169.2 2nd Quarter 196.9 199.3 167.3 1�9.7 158.� 2�5.1 209.8 179.1 188.0 173.2 3rd Quarter 201.1 206.2 156.3 168.2 168.9 259.1 218.8 207.0 201.0 161.8 �th Quarter 235.2 22�.6 227.3 159.� 176.3 319.8 218.9 202.1 207.5 180.2

2010 (c) December 215.3 21�.8 181.5 157.6 169.2 296.0 200.3 180.9 201.1 179.2

2011 (d) January 199.9 183.5 209.2 178.2 162.1 276.9 168.2 23�.5 16�.2 172.5 February 202.� 182.7 229.1 181.� 1�2.5 261.7 190.3 191.3 158.5 168.5 March 215.5 231.6 19�.8 1�7.2 172.5 233.� 211.9 186.8 173.5 166.6 April 202.� 213.7 155.� 1�5.2 1�6.3 2�6.0 216.8 179.8 199.� 183.2 May 192.7 202.� 152.� 1�1.7 166.2 239.0 202.6 166.9 178.2 162.5 June 195.5 181.8 19�.0 162.2 162.8 250.2 209.8 190.7 186.3 173.8 July 191.2 20�.5 129.� 173.7 163.3 2�8.7 227.5 205.6 176.2 15�.1 August 215.9 206.7 187.1 195.� 198.2 290.0 216.1 226.2 236.8 172.� September 196.2 207.3 152.2 135.6 1�5.2 238.7 212.6 189.1 189.9 158.9 October 229.0 219.0 22�.0 1��.6 179.1 315.7 227.8 189.7 17�.6 175.6 November 2�1.9 223.� 257.� 168.2 172.5 315.7 212.2 226.5 222.� 182.5 December 23�.8 231.2 200.� 165.5 177.� 328.1 216.9 190.1 225.� 182.5

Overall Food, beverages Textiles, Wood Paper Chemical, Non-metallic Basic Fabricated Manufactured Period Index and wearing apparel and products, petroleum, coal, mineral metal metal products, products tobacco and leather wood publishing rubber and plastic products products machinery and (not elsewhere products products products and printing products transport equipment specified)

(a) The Private Sector Monthly Industrial Production Volume Index is calculated on the basis of information received from 150 major industrial firms, both in the BOI and Non-BOI Sectors.

(b) The weights used for the compilation of Private Sector Industrial Prodution Volume Index have been adjusted based on the Industrial Survey carried out by the Department of Census and Statistics (DCS) in 2002.

(c) Revised

(d) Provisional

Source : Central Bank of Sri Lanka

22 w C

entral Bank of S

ri Lanka w Bulletin w January 2012


Investments, Exports and Employment in BOI Enterprises(a)(b)

Source : Board of Investment of Sri Lanka(a) Projects approved under Section 17 of the BOI Law.(b) Including expanded projects.(c) Revised(d) Provisionaln.a. – Not available

No. of Units in Commercial Operation

as at end ofthe period

Approvals Agreements Approvals Agreements Approvals Agreements

No. of Units Foreign Envisaged Investment Total Envisaged Investment (Rs. mn) (Rs. mn)Period

Actual Local Employment (No.)

as at end ofYear

ExportEarnings

(FOB)Rs. mn.

2009 38� 182 ��1,00� 37�,029 550,586 �22,90� 1,782 523,868 �77,5302010 (c) 353 262 82,60� 55,318 293,893 221,65� 2,007 575,387 �26,08�2011 (d) 1�3 15� 297,8�8 238,�89 �50,091 370,096 2,017 785,521 �50,913 2010 (c) 1st Quarter 82 �� 39,911 29,�1� 5�,766 33,762 1,886 1�3,51� n.a. 2nd Quarter 1�6 68 21,6�3 7,203 139,568 21,276 1,920 117,360 n.a. 3rd Quarter 55 73 8,018 10,968 �6,205 33,�3� 1,927 159,995 n.a. �th Quarter 57 80 12,�28 7,733 57,318 35,162 2,007 98,132

2011 (d) 1st Quarter 2� 32 118,506 75,�89 167,832 113,306 1,986 250,287 n.a. 2nd Quarter �1 36 �8,19� 10,326 8�,7�� 50,865 1,97� 159,822 n.a. 3rd Quarter 37 �8 19,2�9 69,51� 51,99� 101,101 2,011 186,621 n.a. �th Quarter �1 38 111,899 83,159 1�5,521 10�,823 2,017 188,791 n.a. 2010 December 6 30 2,859 5,056 22,599 11,507 2,007 50,671 n.a. 2011 (d) January 2 9 0 2,232 713 2,786 1,996 73,5�1 n.a. February 9 12 6�,882 67,900 8�,629 88,633 1,996 117,678 n.a. March 13 11 53,62� 5,358 82,�90 21,887 1,986 59,068 n.a. April 6 6 2,775 8,2�6 7,789 26,955 1,99� �8,758 n.a. May 20 15 �1,750 272 60,315 3,912 1,971 55,�60 n.a. June 15 15 3,669 1,809 16,6�0 19,998 1,97� 55,60� n.a. July 12 8 6,783 919 15,66� 2,713 1,980 68,20� n.a. August 13 17 11,056 16,16� 26,29� 27,128 2,002 62,391 n.a. September 12 23 1,�10 52,�31 10,036 71,260 2,011 56,026 n.a. October 19 11 35,907 2,127 62,305 10,078 2,013 60,�30 n.a. November 10 12 1�,�90 1,2�9 18,016 �,127 2,019 63,071 n.a. December 12 15 61,502 79,78� 65,200 90,618 2,017 65,290 n.a.

Central B



2009 2,68� 3,881 5,889 85 3.�9 9,882 2,065,956 325,88� 1,10�,955 – 1�1 2�,3�62010 2,817 5,63� �,995 83 3.02 10,71� 1,818,606 �55,772 1,262,279 – – 21,9552011(a) 3,139 �,623 6,785 118 2.70 11,527 2,069,5�9 �81,83� 1,�33,998 – – 2�,11�

2010(a) 1st Qtr 2,685 998 1,580 7.8 0.53 2,587 331,736 78,172 297,530 – – 2,57� 2nd Qtr 2,707 1,126 1,�90 10.9 0.79 2,628 5�0,662 129,81� �27,120 – – 6,85� 3rd Qtr 2,817 1,538 1,17� 36.8 1.13 2,7�8 5�1,216 132,673 17�,232 – – 6,837 �th Qtr 2,817 1,972 750 27.2 0.57 2,751 �0�,992 115,113 363,397 – – 5,690

2011(a) 1st Qtr 3,119 1,773 930 15.5 0.30 2,718 557,110 117,810 2�9,�10 – – 8,062 2nd Qtr 3,126 1,��2 1,38� 36.3 1.00 2,862 555,�57 96,113 238,�85 – – 6,185 3rd Qtr 3,126 710 2,2�2 �8.2 1.00 3,001 �10,�62 136,250 505,065 – – 3,962 �th Qtr 3,139 698 2,229 18.3 0.�0 2,9�6 5�6,520 131,661 ��1,038 – – 5,905

2010(a) Dec 2,817 760 160 5.5 0.10 926 13�,�55 �3,989 136,068 – – 1,659

2011 (a) Jan 2,819 6�5 2�2 6.5 0.10 893 277,705 �8,186 113,668 – – 2,8�5 Feb 3,119 612 221 �.1 0.10 836 139,663 37,672 �2,6�9 – – 2,633 Mar 3,119 516 �67 �.9 0.10 989 139,7�2 31,952 93,093 – – 2,58� Apr 3,119 �73 �19 5.� 0.10 897 139,096 29,�92 57,3�5 – – 2,56� May 3,119 533 �55 1�.2 0.�0 1,002 277,691 15,781 113,181 – – 1,6�3 Jun 3,126 �36 510 16.7 0.50 963 138,670 50,8�0 67,959 – – 1,978 Jul 3,126 268 716 17.0 0.�0 1,001 136,192 55,065 227,368 – – 1,785 Aug 3,126 212 786 15.7 0.30 1,01� 136,081 81,185 135,797 – – 832 Sep 3,126 230 7�0 15.5 0.30 986 138,189 0 1�1,900 – – 1,3�5 Oct 3,127 252 731 6.9 0.20 990 138,671 53,535 128,097 – – 1,561 Nov 3,130 2�1 71� 2.� 0.10 958 131,780 58,�36 192,500 – – 2,025 Dec 3,139 205 78� 9.0 0.10 998 276,069 19,690 120,��1 – – 2,319

Petrol Diesel Kerosene Avtur

Sources : Ceylon Electricity Board Ceylon Petroleum Corporation Lanka IOC PLC

COMMUNICATION, ENERGY, TRANSPORTATION AND HOUSING TABLE 10

Electricity Generation and Petroleum Imports

Electricity Petroleum

Installed Capacity

(MW)

LPGLocal

Production(MT)

Crude OilImports

(MT) Hydro Thermal NCRE Wind Total Power

Units Generated (Gwh) Refined Products Imports (MT)Period

(a) Provisional


Telecommunication Services

Period Wireline Wireless Telephone Density Cellular Telephone Density Internet & Public Telecom in Local Loop - Fixed lines Mobile - including Cellular E-mail Payphone Services Phones (a) (Telephones per 100 persons) Telephones (Telephones per 100 persons) Booths

Sources : Telecommunications Regulatory Commission of Sri Lanka Sri Lanka Telecom PLC

2009 872,120 2,563,838 16.80 1�,26�,��2 86.55 2�0,000 7,3782010 896,710 2,637,865 17.11 17,267,�07 100.72 502,000 (c) 6,9582011 (b) 9�1,780 2,666,612 17.29 18,319,��7 105.07 8��,000 (c) 6,�58

2010 (b) 1st Qtr 875,509 2,589,687 16.78 15,0�3,809 89.62 250,000 7,938 2nd Qtr 882,189 2,6�0,6�0 17.06 15,868,398 93.89 380,000 (c) 7,193 3rd Qtr 889,077 2,595,920 16.87 16,305,�17 95.82 �56,355 (c) 7,123 �th Qtr 896,710 2,637,865 17.11 17,267,�07 100.72 502,000 (c) 6,958

2011 (b) 1st Qtr 907,887 2,686,8�0 17.23 17,819,68� 102.61 673,070 (c) 7,018 2nd Qtr 918,221 2,681,029 17.25 18,176,030 10�.3� 692,000 (c) 7,05� 3rd Qtr 929,851 2,623,035 17.03 18,�17,389 105.28 721,617 (c) 6,795 �th Qtr 9�1,780 2,666,612 17.29 18,319,��7 105.07 8��,000 (c) 6,�58

(a) Except SLT lines (b) Provisional (c) Including mobile broadband services

2� w C

entral Bank of S

ri Lanka w Bulletin w January 2012


Passenger Transportation and Port Operations

Period

2009 332,675 15,131,�00 9,5�5 �,567,828 113,6�1 �,�56 751,992 2,633,055 79,250 3,�6�,297 29,283 19,�9� 2010 3�1,200 16,273,900 9,723 �,352,800 162,800 �,067 932,2�� 3,095,589 109,608 �,137,��1 36,58� 2�,6562011 (b) 3�0,800 16,3�6,000 10,0�0 �,526,900 175,700 �,323 1,0�6,886 3,123,828 92,173 �,262,887 39,�� 25,610

2010 (b) 1st Quarter 81,391 3,800,393 2,�38 1,071,2�8 31,623 1,010 230,277 737,895 2�,99� 993,166 8,737 5,913 2nd Quarter 81,576 3,957,253 2,367 1,107,96� 27,�13 992 219,�80 768,�55 30,182 1,018,117 9,173 6,060 3rd Quarter 89,2�8 �,318,2�9 2,512 1,115,510 73,890 1,022 2�3,23� 807,097 29,�96 1,079,827 9,501 6,�2� �th Quarter 88,826 �,165,592 2,�06 1,058,078 29,873 1,0�3 239,253 782,1�2 2�,936 1,0�6,331 9,173 6,259

2011 (b) 1st Quarter 8�,172 �,015,753 2,�00 1,086,387 27,732 1,055 2�9,500 803,332 23,708 1,076,5�0 9,61� 6,510 2nd Quarter 83,110 �,089,3�1 2,560 1,182,258 32,866 1,093 2�6,315 752,0�9 18,826 1,017,190 9,�72 6,196 3rd Quarter 86,297 �,221,��6 2,605 1,198,551 �1,050 1,103 270,079 772,718 27,057 1,069,85� 10,020 6,�30 �th Quarter 86,�92 �,006,7�2 2,523 1,106,99� 52,568 1,072 280,992 795,729 22,582 1,099,303 10,338 6,�7�

2010 (b) December 29,531 1,�29,789 809 376,601 8,9�9 335 78,121 250,83� 7,700 336,655 3,015 1,937

2011 (b) January 29,20� 1,397,�10 82� �19,697 9,997 355 88,958 272,727 8,527 370,212 3,330 2,252 February 26,065 1,261,00� 731 322,�38 8,25� 322 75,33� 253,788 7,602 336,72� 2,782 2,027 March 28,903 1,357,339 8�5 3��,252 9,�81 378 85,208 276,817 7,579 369,60� 3,502 2,231 April 26,897 1,35�,732 861 376,191 10,957 378 76,�52 258,660 �,926 3�0,038 3,051 2,09� May 28,057 1,3�8,968 852 3�5,62� 11,��0 361 85,072 2�2,758 6,231 33�,061 3,138 2,020 June 28,156 1,385,6�1 8�7 �60,��3 10,�69 35� 8�,791 250,631 7,669 3�3,091 3,283 2,082 July 29,�3� 1,�17,785 88� 393,137 12,125 359 90,718 253,823 9,513 35�,05� 3,297 2,1�1 August 28,562 1,�26,1�3 901 ��2,37� 17,076 387 93,088 271,3�6 10,770 375,20� 3,�0� 2,2�0 September 28,301 1,377,518 820 363,0�0 11,8�9 357 86,273 2�7,5�9 6,77� 3�0,596 3,319 2,0�9 October 29,01� 1,356,172 85� 362,227 11,116 366 9�,819 259,825 7,59� 362,238 3,582 2,132 November 28,180 1,325,�58 82� 3�8,0�7 7,1�1 337 88,731 261,�02 6,209 356,3�2 3,267 2,122 December 29,298 1,325,112 8�5 396,720 3�,311 369 97,��2 27�,502 8,779 380,723 3,�89 2,220

Domestic Trans- Re-stowing Total Discharged Loaded (Imp.+ Exp.) shipment MT ‘000 MT ‘000

Sri LankaTransport Board

Sri Lanka Railways Port Services (a)

Operated Passenger Operated Passenger Cargo Tonnes kms.’000 kms.’000 kms.’000 kms.’000 kms.’000

No. ofShip

Arrivals

Container Throughput (TEUs) Total Cargo

(a) Ports of Colombo, Galle and Trincomalee and South Asia Gateway Terminals Ltd.

(b) Provisional

TEUs = Twenty-foot Equivalent Container Units

Sources : National Transport Commission Sri Lanka Railways Sri Lanka Ports Authority

Central B




New Registration of Motor Vehicles

Period

Passenger Transport Goods Transport Land Vehicles

Buses Motor Three Duel Motor Lorries Others Tractors Hand Other Cars Wheelers Purposes Cycles Tractors Land Vehicles

2009 739 5,762 37,36� 1,280 135,�21 8,016 �01 2,286 11,�73 1,333 – 20�,0752010 2,�91 23,072 85,6�8 2,708 20�,811 10,803 66� �,310 12,97� 2,301 9,�61 359,2�32011 (a) �,2�8 57,886 138,�26 12,701 253,331 12,��6 1,1�8 6,6�9 13,�2� 3,121 22,0�1 525,�21 2010 (a) 1st Quarter �00 1,13� 16,097 3�5 �6,902 �,070 132 733 2,98� 523 61 73,381 2nd Quarter �52 1,�76 18,935 336 �9,2�� 2,261 96 818 2,833 �70 1,872 78,793 3rd Quarte

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