MONTHLY ECONOMIC INDICATORS...25 INTERNATIONAL FINANCE 17 CONTENTS SUBJECT Period Unit 2019 2020 Y-o-Y Change Real Sector Tea March Mn. Kg 28.2 13.3 -52.8 Rubber March Mn. Kg 7.2 5.1

MONTHLY

ECONOMIC INDICATORS

May

2020

Statistics Department

Central Bank of Sri Lanka

PAGE

SUMMARY I

1 GROSS DOMESTIC PRODUCT AT CONSTANT (2010) PRICES 1

2 BUSINESS OUTLOOK SURVEY 1

3 AGRICULTURE 2

4 INDEX OF INDUSTRIAL PRODUCTION 2

5 PURCHASING MANAGERS' INDEX - MANUFACTURING 3

6 HOUSING & CONSTRUCTION 3

7 ENERGY 3

8 PURCHASING MANAGERS' INDEX - SERVICE 4

9 TELECOMMUNICATIONS 4

10 TRANSPORT 4

11 PORT SERVICES 5

12 PRICE INDICES 5

13 AVERAGE RETAIL PRICES - PETTAH MARKET 6

14 UNEMPLOYMENT 6

15 WAGE INDICES 6

16 GOVERNMENT FINANCE 7

17 MONETARY AGGREGATES & UNDERLYING FACTORS 8

18 BANKING 9

19 INTEREST RATES 10

20 CREDIT CARDS 11

21 COMMERCIAL PAPER ISSUES 11

22 SHARE MARKET 11

23 EXTERNAL TRADE 12

24 TOURISM 16

25 INTERNATIONAL FINANCE 17

CONTENTS

SUBJECT

Period Unit 2019 2020 Y-o-Y Change

Real Sector

Tea March Mn. Kg 28.2 13.3 -52.8

Rubber March Mn. Kg 7.2 5.1 -29.5

Coconut March Mn.Nuts 276.5 211.9 -23.4

Fish March Mn. Kg 47.5 35.4 -25.4

2018 2019

Paddy Maha(a) Mn. Kg 2,396.9 3,072.6 28.2

Yala(b) Mn. Kg 1,532.9 1,519.5 -0.9

2019 2020

Electricity Generation January GWh. 1,305 1,354 3.8

February 1,218 1,297 6.5

March 1,382 1,253 -9.3

Index of Industrial Production March 2015 = 100 116.5 83.8 -28.1

April 96.9 49.7 -48.7

NCPI (Year-On-Year % Change) April 2013 = 100 3.6 5.9

May 3.5 5.2

CCPI (Year-On-Year % Change) May 2013 = 100 5.0 4.0

Fiscal Sector 2019 2020

Revenue and Grants January - March Rs. Mn. 442,501 407,233 -8.0

Recurrent Expenditure January - March Rs. Mn. 576,012 647,956 12.5

Monetary Sector 2019 2020

Money Supply

Narrow Money M1 End April Rs. Mn. 828,316.98 992,502.31 19.8

Broad Money M2 End April Rs. Mn. 6,585,518.92 7,466,097.77 13.4

Consolidated Broad Money(M2b)(c) End April Rs. Mn. 7,295,455.63 8,258,996.97 13.2

Broad Money M4 End March Rs. Mn. 8,902,068.61 9,973,229.96 12.0

Share Market

ASPI End May 1985 = 100 5,310.95 4,846.76 -8.7

S&P SL20 End May 2004 = 1000 2,469.82 2,016.08 -18.4

Market Capitalisation End May Rs. Bn. 2,502.27 2,265.99 -9.4

External Sector 2019 2020

External Trade

Exports March US$ Mn. 1,137 656 -42.3

April 798 282 -64.6

Imports March US$ Mn. 1,729 1,205 -30.3

April 1,596 1,123 -29.6

Balance of Trade March US$ Mn. -592 -549

April -797 -840

2018 2019

Balance of Payments

Trade Account 4th

Quarter US$ Mn. -1,470 -1,681 14.4

Current Account 4th

Quarter US$ Mn. -813 -882 8.5

Current & Capital Accounts 4th

Quarter US$ Mn. -813 -882 8.5

Financial Account (net) 4th

Quarter US$ Mn. -677 -666 -1.6

2020 2020 2020End End End

February March April

Total Reserves (d) US$ Mn. 10,938 10,686 n.a.

(b) Apr.\May - Aug.\Sep. (d) Including ACU receipts

I

SUMMARY OF SELECTED ECONOMIC INDICATORS

May 2020

Item

(a) Sep.\Oct. - Mar.\Apr. (c) Inclusive of FCBUs

Agriculture

Industry

Services

Taxes less subsidies on products

Agriculture

Industry

Services

Taxes less subsidies on products

(a) Provisional Source: Department of Census and Statistics

(b) Revised

Business Condition (Level)

Profitability (Q-o-Q)

Profitability (Y-o-Y)

Skilled Labour Availability (Y-o-Y)

Demand (Y-o-Y)

Sales (Y-o-Y)

Capacity Utilization (Y-o-Y)

Source: Central Bank of Sri Lanka

4th

Quarter - 2019 (a)

(Rs. Mn)

2018 (b)

193,324

613,301

1,467,911

408,895

2,683,432

2019

185,458

621,663

1,507,963

422,745

2,737,830

Contribution to

Change (%)

74 63 64 78

Q1Q4

18/17 (b)

45

(126)

49

(112)

33

(103)

-

-

40

(115)

78

(97)

42

(122)

(17)

-

(75)

-

(45)

-

(18)

-

(32)

8.2

-3.4

4.2

Q3 Q1 Q2

-0.4

1.9

19/18

-4.1

1.4

2.7

3.4

2.0

2.3

2.6

2.3

18/17 (b)

6.5

Contribution to

Change (%)

2018 (b)

13.5

10.0

78.2

-1.6

100.0

2019

1.8

30.8

56.8

10.6

100.0

4.6

-0.6

3.3

Annual - 2019 (a)

(Rs. Mn)

2018 (b)

683,816

2018 (b)

29.0

-42.4

116.8

-3.4

2,540,315

5,555,303

889,166

9,668,600

2019

687,857

2,608,211

5,680,757

912,553

9,889,379

1.2

Growth (%)

19/18

0.6

2.7

1

2019

-14.5

15.4

73.6

25.5

100.0

Growth (%)

115 120 93 88 102

(127) (120)

(123) (128) (121) (115)

101

(96)

86

100.0

-

(a) BSIs presented in the above table are realised numbers while the numbers given within parenthesis show the

respondent’s expectations for the relevant quarter given during the preceding quarter.

(124)

66

Business Sentiment

Index (BSI) (a)

78

(101)

72

(105)

-

-

95

(95)

111

(137) (131) (123)

(97) (104) (104)(93)

125

93 100

(109)

125

(127)

90

(119)

87

- - -

- - - -

(106)

- (110) (103) (92)

Q2

-

(10)

-

-

-

2020

87

(107)

89

(108)

-

Q2

(81) (72)

Q3

(80)

8769 83 75 89 95

-

(99)

122

(137)

119

(136)

128

(126)

2018 2019

116

(127)

121

(126)

(97)

93

(109)(120)

(106)

116 120

(101)

99 102 94

(121)

94

(117)

(89)

110

Economic Activity

Economic Activity

GDP

GDP

118

(143)

Q1

(101)

120

Q4

61

(73)

-

-

127

(130)

-

96

1. GROSS DOMESTIC PRODUCT AT CONSTANT (2010) PRICES

2. BUSINESS OUTLOOK SURVEY

0

4

8

% ChangeReal GDP

Quarter

-4

0

4

8

2014 2015 2016 2017 2018 2019

% Annual GDP Growth Rate

Agriculture

Industry

Services

GDPYear

Tea Production Mn. Kg

March 28.2 13.3 -52.8

January - March 73.2 53.2 -27.4

Rubber Production Mn. Kg

March 7.2 5.1 -29.5

January - March 21.5 17.9 -16.6

Coconut Production Mn.Nuts

March 276.5 211.9 -23.4

January - March 777.4 679.3 -12.6

Fish Production Mn. Kg

March 47.5 35.4 -25.4

January - March 133.0 118.9 -10.7

Paddy Production Mn. Kg 2018 2019(a)

Maha (b) 2,396.9 3,072.6 28.2

Yala (c) 1,532.9 1,519.5 -0.9

(a) Provisional Sources: Sri Lanka Tea Board

(b) Sep.\Oct. - Mar\ Apr. Rubber Development Department

(c) Apr. \ May - Aug.\Sep. Coconut Development Authority

Department of Census & Statistics

Ministry of Fisheries & Aquatic Resource

2019 (a)

2020 (b) Y-o-Y

Change2019

(a)2020

(b) Y-o-Y

Change

114.5 105.0 -8.3 93.4 97.4 4.2

115.7 78.8 -31.9 111.3 26.3 -76.4

94.8 54.1 -43.0 52.5 26.2 -50.0

115.6 46.1 -60.1 83.7 13.1 -84.4

124.0 70.9 -42.8 110.2 11.4 -89.6

103.3 69.1 -33.2 100.6 17.4 -82.7

86.5 74.0 -14.4 87.7 8.8 -90.0

77.7 52.9 -32.0 73.1 28.5 -61.0

109.6 85.6 -22.0 81.6 14.9 -81.7

109.5 62.0 -43.3 112.1 63.0 -43.8

125.7 79.3 -36.9 90.2 35.4 -60.7

89.1 84.6 -5.1 104.1 106.3 2.2

122.4 54.4 -55.5 100.9 12.6 -87.6

128.6 96.3 -25.1 83.1 27.9 -66.4

127.5 106.4 -16.5 107.3 13.8 -87.2

113.5 100.1 -11.8 98.7 9.0 -90.9

94.5 70.0 -25.9 92.4 32.6 -64.8

96.7 72.1 -25.4 82.4 21.2 -74.2

111.9 54.6 -51.2 82.0 14.2 -82.6

61.0 51.6 -15.4 60.6 14.2 -76.5

116.5 83.8 -28.1 96.9 49.7 -48.7

(a) Revised

(b) Provisional Source: Department of Census and Statistics

Paper and paper products

Y-o-Y

Change

Printing and reproduction of recorded media

March April

Item Unit 2019 2020 (a)

Wearing Apparels

2

Furniture

Other manufacturing

Overall Index of Industrial for the Manufacturing Sector

Fabricated metal products (except machinery equipment)

Electrical equipment

Machinery and Equipment (n.e.c)

Rubber & plastic products

Other non-metallic mineral products

Item

Food products

Beverages

Tobacco products

Textiles

Basic metals

Coke and refined petroleum products

Chemicals & chemical products

Basic pharmaceutical products and pharmaceutical preparations

Leather and related products

Wood and products of wood and cork except furniture; Articles of

Straw and plaiting materials

3. AGRICULTURE

12

16

20

24

28

32

J F M A My J Jy Au S O N D

Mn Kg. TEA

2019 2020

Month

4

6

8

10


Mn Kg. RUBBER

2019 2020

Month

4. INDEX OF INDUSTRIAL PRODUCTION (IIP) (2015=100)

40

50

60

70

80

90

100

110

120


Index INDEX OF INDUSTRIAL PRODUCTION

2019

2020

Month

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

51.7 55.6 65.6 45.5 60.6 57.6 57.2 58.2 54.1 58.2 54.3 53.7

54.4 50.6 66.9 41.0 50.7 53.9 55.7 56.6 54.7 57.6 56.0 54.3

54.0 53.6 30.0 24.2 49.3


March

April

January - April

March

April

March

April

Sources: Colombo, Dehiwala-Mount Lavinia, Sri Jayawardanapura, Moratuwa and Kaduwela Municipal Councils

Wattala-Mabole, Peliyagoda, Panadura, Maharagama, Kesbewa, Horana and Boralesgamuwa Urban Councils

Homagama, Kotikawatta-Mulleriyawa, Kelaniya, Attanagalla, Wattala-Mabole, Horana, Panadura Pradesheeya Sabhas

(d) Total cement imports. Sri Lanka Customs, Tokyo Cement Company Lanaka PLC, Tokyo Eastern Cement Co. Ltd, Insee Cement Lanka Ltd

January

CEB - Hydro

Fuel Oil

Coal

Wind

Private Sector

Non Convensional Renewable Energy

February

CEB - Hydro

Fuel Oil

Coal

Wind

Private Sector


March

CEB - Hydro

Fuel Oil

Coal

Wind

Private Sector


January - March

CEB - Hydro

Fuel Oil

Coal

Wind

Private Sector


January

February

March

February

March

January - March

February

March

January - March

February

March

February

March

January - March

March

April

January - April

March

April

January - April

Soucres: Ceylon Electricity Board

Ceylon Petroleum Corporation

Lanka IOC PLC

Sri Lanka Customs


228

119

92

20

160

95

83

15

-30.0

-20.6

-10.2

-25.7

-1.8

417

73

January - March

0

1,198

227

53.0

-18.3

272

90

9.2

-9.4

2.8

381 278 -26.9

-1.91,584

-10.6

338

375

55 50

556 559

542

1,095

0.5

1,020

-20.3

1.2

7.7

(a) Provisional

Petrol Sales

Furnace Oil Sales

Kerosene Sales

Crude Oil Imports

Other Petroleum Imports

January - March

Diesel Sales

'000 MT

'000 MT

184

265

'000 MT

'000 MT

189

386

187

'000 MT

87

17

'000 MT

81

261

106 118

Item

Electricity Generation

2020 (a)

283

350

0

329

153

376

1,305

342

1,354

381

0

2019

785

444

3,9043,905

365

1,218

287

230

429

0

1,297

228

183

469

0

Year

2018

2019

2020

Local Production (c)

116.1

98.3

Imports (d)

Item

Greater Colombo Housing Approvals Index (b)

Quarter 1

Quarter 2

Cement

Unit

1995 = 100

'000 MT

'000 MT

Y-o-Y Change 2019 (a)

2019

2018

107.1

99.3

2020 (a)

-7.8

1.1

1,868

3

Y-o-Y ChangeUnit

1,319

0

994

250

591

343

196 6.4

-8.2

0.8

745

January - April

1,554

January - April

Electricity Sales to Industries GWh

1,563

2,650

847

Total '000 MT

(a) Provisional

GWh

(b) Includes housing approvals by five Municipal Councils, seven Urban

Councils & eight Pradeshiya Sabhas in Greater Colombo.

(c) Total local production

-45.9

484

482

1,440

101 108 6.9

-6.8

20.6

10.4

17

-1.4

0.0

6.5

-20.6

-20.1

9.3

-

-35.3

-

325

709

1,034

235

364

598

-27.7

-48.7

-42.1

-20.9

-35.51,008

8601,087

223

233

456

158

44

201

-29.3

-81.3

-55.9

349 367 5.1

-37.5

10.3

-

-14.1

-25.1

-29.5

-7.4

34.8

7.3

-

3.8

11.1

96

385

95

305

-0.8

-20.7

1,382

218

232

539

0

392

60

1,253

176

145

595

0

337

45

-9.3

-19.1

5. PURCHASING MANAGERS' INDEX - MANUFACTURING

6. HOUSING AND CONSTRUCTIONS

7. ENERGY

250

275

300

325

350

375

400


Gwh ELECTRYCITY SALES TO INDUSTRIES BY CEB

2019

2020

Month

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

56.6 58.4 58.0 53.2 56.9 58.7 57.8 57.0 53.0 55.5 52.6 54.7

55.8 53.0 56.3 45.3 44.7 53.1 57.1 52.9 52.7 56.9 57.4 60.2

57.0 50.2 32.0 29.8 43.1


(a) Provisional Sources: Telecommunications Regulatory Commission of Sri Lanka

Department of Census and Statistics

New Registration of Motor Vehicles

Buses

Motor Cars

Three Wheelers

Dual Purpose Vehicles (b)

Motor Cycles

Goods Transport Vehicles (c)

Land Vehicles (d)

Other (e)

Buses

Motor Cars

Three Wheelers


Motor Cycles


Land Vehicles (d)

Other (e)

Buses

Motor Cars

Three Wheelers


Motor Cycles


Land Vehicles (d)

Other (e)

January - April

Buses

Motor Cars

Three Wheelers


Motor Cycles


Land Vehicles (d)

Other (e)

(a) Provisional (b) Including Single Cabs Source: Department of Motor Traffic

(c) Lorries, Other Goods Transport Vehicles and Special Purpose Vehicles

(d) Tractors, Hand Tractors and Other Land Vehicles (e) Quadricycles and Motor Homes

258

41

80,649

4,012

3,831

61,186

1,048

1,424

-59.8

-54.5

-66.3

-43.2

-63.6

-55.1

-60.1

-43.8

-38.5

-39.0

-53.0

0 -

0

0

0

646

73

131,035

502

13,913

100,247

2,231

2,735

185

27,364

101

2,734

1,158

886

21,311

373

690

111

107

3,758

2,334

1,232

27,219

461

43

1,710

786

700

9,908

207

5.1

113

3,139

1,539

1,557

24,375

431

558

35,830 13,653 -61.9

597

1

0.0

0.4

5.2

54.3

4.4

-29.5

-6.5

8,800.0

Year

2018

2019

2020

1st Quarter

2020 (a)

Unit

Number

Number

Number

2,367,227

1,223,773

1,143,454

1st Quarter

2019Item

Telephones (Fixed lines)

Wireline in service

Wireless Local Loop Access

30,263 31,801

89

32,567,721

5,133

11,120,788

10.9

160.2 155.3

2019

10.6

2020(a)

113

3,127

1,463

1,009

23,342

611

Y-o-Y Change

-2.8

-3.1

Y-o-Y Change

1,251,922

1,073,488

31,875,797

481

13,078,980

-90.6

17.6

2,325,410 -1.8

2.3

-6.1

-2.1Cellular Phones

Public Pay Phones

Internet Subscribers (b)

Telephone Penetration

(excluding Cellular Phones)

per 100 persons

per 100 persons

Number

Number

Number

Telephone Penetration

(including Cellular Phones)

Unit Item

NumberFebruary

(b) Including Mobile Internet connections

Number

March Number

April Number

4

-40.9

-13.5

251

-41.2

-38.2

-47.9

295

6,793

4,429

8,602

35.7

0

0

0

0

0

-

-

-

-

-

-

-

-

8. PURCHASING MANAGERS' INDEX - SERVICES

9. TELECOMMUNICATIONS

10. TRANSPORT

0

10,000

20,000

30,000

40,000


NumberNEW REGISTRATIONS OF MOTOR VEHICLES 2019

2020

Month

Ship Traffic (b) Number

April 377 317 -15.9

January - April 1,563 1,520 -2.8

Container Handling

Domestic TEUs

April 99,688 62,357 -37.4

January - April 414,442 373,670 -9.8

Transshipment TEUs

April 482,910 375,241 -22.3

January - April 1,922,939 1,835,015 -4.6

Re-stowing TEUs

April 14,276 8,969 -37.2

January - April 50,241 41,781 -16.8

Total Container Handling TEUs

April 596,874 446,567 -25.2

January - April 2,387,622 2,250,466 -5.7

Cargo Handling (b)

Cargo Discharged MT

April 4,939,471 3,490,072 -29.3

January - April 20,706,666 19,293,014 -6.8

Cargo Loaded MT

April 3,847,267 2,822,063 -26.6

January - April 15,056,925 14,271,574 -5.2

Total Cargo Handling MT

April 8,786,738 6,312,135 -28.2

January - April 35,763,591 33,564,588 -6.1

(a) Provisional Source: Sri Lanka Ports Authority

(b) Excluding data from ports of Kankasanthurai, Myliddy, Point Pedro and Karainagar

TEUs = Twenty-foot Equivalent Container Units.

Base

Period

National Consumer Price Index (NCPI) 2013=100

April

Headline 127.3 134.8 5.9

Core 132.6 136.9 3.2

May

Headline 128.7 135.4 5.2

Core 133.0 137.9 3.7

Colombo Consumers Price Index (CCPI ) 2013=100

May

Headline 129.0 134.2 4.0

Core 134.2 138.1 2.9

Source: Department of Census and Statistics

Y-o-Y Change

5

Item Unit 2019 2020 (a)

Item 2019 2020 Y-o-Y Change

11. PORT SERVICES

12. PRICE INDICES

425

450

475

500

525

550

575

600

625

650


TEUs ('000)TOTAL CONTAINER HANDLING

2019

2020

Month

6,200

6,600

7,000

7,400

7,800

8,200

8,600

9,000

9,400

9,800


MT ('000) TOTAL CARGO HANDLING

2019 2020

Month

2

4

6

8

J F M A My J Jy A S O N D

% CCPI - YEAR ON YEAR % 2019 2020

Month

0

2

4

6

8

10


% NCPI - YEAR ON YEAR %2019 2020

Month

Rice Rs/Kg

Samba 6.9

Parboiled Rice 7.8

Raw Rice (Red) 30.7

Other Food Items Rs/Kg

Dried Chillies(Imported) 40.6

Red Onions (Local) 65.9

Red Onions (Imported) -

Big Onions (Local) -

Big Onions (Imported) 0.6

Dhal (Mysore) 25.0

Potatoes (Local ) 1.2

Eggs (Each) -2.9

Sugar - White 42.0

n.a. - not available Source: Central Bank of Sri Lanka

Labour Force Participation Rate Percentage 51.8 52.3

Unemployment Rate 4.4 4.8

Employment by Economic Atctivity (c)

(as a % of Total Employment)

Agriculture 25.5 25.3

Industry 27.9 27.6

Services 46.6 47.1

Source: Department of Census and Statistics

2019 2020(a)

101.4 114.6

90.6 96.8

176.9 186.7

138.6 138.1

185.1 194.0

145.0 143.5

179.7 187.8

140.7 138.9

170.8 182.4

133.8 134.9

(a) Provisional Source: Central Bank of Sri Lanka

(b) Based on National Consumer Price Index (2013=100)

Services

Item Unit

Nominal Wage Rate Index

Agriculture

2012 = 100

2016 = 100

Unit

(a) Household population aged 15 and above (b) Provisional

(c) Based on the International Standard Industrial Classification (ISIC) - Revision 4

2018 (a)

2019 (a)(b)

15.62

100.00

15.17

Item

320.00

174.76

173.81

n.a.

86.19

Y-o-Y Change

6

180.00

98.00

96.00

98.00

450.00

290.00


Real Wage Rate Index (b)


Public Sector Employees


n.a.

n.a.

2020

May

142.00

120.00

177.86

86.67

150.00

89.05

75.00

2019

May

91.67

Note : Public sector wage rate index was rebased to 2016 (from 2012) in order to capture the changes introduced to public sector salary structure by the Public

Administration Circular No. 03/2016 issued by the Ministry of Public Administration and Management on 25th

February 2016.

Item UnitApril



Industry


Informal Private Sector Employees



14. UNEMPLOYMENT

15. WAGE INDICES

13. AVERAGE RETAIL PRICES - PETTAH MARKET

3

4

5

6

% UNEMPLOYMENT RATE

Quarter

Item Unit 2019 2020

Jan-Mar Jan-Mar (a)

Total revenue and Grants (b) Rs. Mn. 442,501 407,233 -8.0

Total revenue (b) Rs. Mn. 442,207 405,274 -8.4

Tax revenue 406,541 341,336 -16.0

Non tax revenue 35,666 63,938 79.3

Grants (b) Rs. Mn. 294 1,959 566.3

Recurrent expenditure (b) Rs. Mn. 576,012 647,956 12.5

Capital expenditure and net lending (b) Rs. Mn. 154,129 95,037 -38.3

Financing (b) Rs. Mn. 287,641 335,759 16.7

Domestic financing 319,773 423,311 32.4

Treasury bills 155,009 137,986 -11.0

Treasury bonds 141,835 170,946 20.5

Other 22,928 114,380 398.9

Foreign financing -32,131 -87,552 172.5

2019 2020

End Dec End Mar (a)

Total outstanding government debt Rs. Mn. 13,031,543 13,769,422 5.7

Total domestic debt Rs. Mn. 6,629,104 7,123,109 7.5

By Maturity

Short term 1,270,374 1,480,933 16.6

o/w Treasury bills 873,943 1,011,738 15.8

Central bank advances 236,609 237,792 0.5

Medium & Long term 5,358,731 5,642,176 5.3

o/w Treasury bonds 4,606,232 4,778,673 3.7

Rupee loans 24,088 24,088 -

Sri Lanka Development Bonds 560,226 551,620 -1.5

By Institution

Non Bank 3,889,521 3,984,023 2.4

Bank 2,739,583 3,139,086 14.6

Total foreign debt Rs.Mn 6,402,439 6,646,313 3.8

Concessional 2,767,459 2,866,340 3.6

Multilateral 1,356,925 1,410,786 4.0

o/w IDA 466,920 472,011 1.1

ADB 780,803 821,973 5.3

Bilateral 1,410,534 1,455,554 3.2

o/w Japan 579,044 598,215 3.3

Non Concessional 3,634,980 3,779,974 4.0

(a) Provisional Sources: Ministry of Finance

(b) Revenue, expenditure and financing figures are based on the economic classification Central Bank of Sri Lanka

7

Change(%)

Change(%)

16. GOVERNMENT FINANCE

75

125

175

225

275

325

Rs. Bn. GOVERNMENT REVENUE & EXPENDITURE Revenue

Expenditure

Month

Beginning End

January April (a)(b) Absolute Percentage

Narrow Money Supply (M1) Rs. Mn.

2019 830,793.26 828,316.98 -2,476.27 -0.3

2020 865,466.99 992,502.31 127,035.32 14.7

Currency Held by the Public

2019 473,066.13 463,800.84 -9,265.29 -2.0

2020 494,207.86 597,968.47 103,760.61 21.0

Demand Deposits Held by the Public

2019 357,727.13 364,516.14 6,789.01 1.9

2020 371,259.13 394,533.84 23,274.70 6.3

Broad Money Supply (M2) (1) Rs. Mn.

2019 6,427,329.58 6,585,518.92 158,189.33 2.5

2020 6,912,709.91 7,466,097.77 553,387.86 8.0

Time & Savings Deposits Held by the Public

(Quasi Money) Rs. Mn.

2019 5,596,536.33 5,757,201.93 160,665.61 2.9

2020 6,047,242.92 6,473,595.46 426,352.54 7.1

Underlying Factors (M2) Rs. Mn.

Net Foreign Assets (2)

2019 548,448.09 596,972.28 48,524.19 8.8

2020 413,592.83 495,760.38 82,167.55 19.9

Domestic Credit

2019 7,684,402.67 7,798,531.03 114,128.36 1.5

2020 8,199,017.41 8,798,721.80 599,704.39 7.3

To Government (Net) 2,341,448.85 2,785,628.92 444,180.07 19.0

To Public Corporations 481,222.22 521,013.75 39,791.53 8.3

To Co-operatives 2,807.30 3,394.67 587.36 20.9

To Other Private Sector 5,373,539.03 5,488,684.47 115,145.44 2.1

Other Items (Net) (3)

2019 -1,805,521.18 -1,809,984.40 -4,463.22 -0.2

2020 -1,699,900.33 -1,828,384.41 -128,484.08 -7.6

Consolidated Broad Money Supply (M2b) (3) Rs.Mn.

2019 7,128,296.69 7,295,455.63 167,158.94 2.3

2020 7,624,120.67 8,258,996.97 634,876.30 8.3

Adjusted Time & Savings Deposits

Held by the Public (Quasi Money)

2019 6,297,503.43 6,467,138.65 169,635.21 2.7

2020 6,758,653.68 7,266,494.66 507,840.98 7.5

Underlying Factors (M2b) Rs.Mn.

Net Foreign Assets (3)

2019 -67,007.05 118,110.48 185,117.53 276.3

2020 128,255.88 118,823.23 -9,432.65 -7.4

Domestic Credit

2019 8,833,442.45 8,847,962.90 14,520.45 0.2

2020 9,383,185.05 10,155,468.88 772,283.82 8.2



To Co-operatives 2,807.30 3,394.67 587.36 20.9

To Other Private Sector 5,795,321.08 5,954,238.54 158,917.46 2.7

Other Items (Net) (3)

2019 -1,638,138.71 -1,670,617.74 -32,479.04 -2.0

2020 -1,887,320.26 -2,015,295.13 -127,974.87 -6.8

Reserve Money Rs. Mn.

2019 961,096.31 924,228.93 -36,867.38 -3.8

2020 932,604.46 1,021,589.44 88,984.98 9.5

Money Multipliers

M1 Multiplier

2019 0.86 0.90

2020 0.93 0.97

M2 Multiplier

2019 6.69 7.13

2020 7.41 7.31

M2b Multiplier

2019 7.42 7.89

2020 8.18 8.08

(1) M2 = M1 + Time & Savings Deposits

(a) Provisional

(b) April 2019 data were revised

8

Item UnitChange (End April)

(2) Net Foreign Assets (NFA) of the Central Bank are based on market value from beginning of January 2002. This is reflected in NFA and net other items.

(3) Based on the consolidated monetary survey, which covers aggregated data pertaining to both Domestic Banking Units (DBUs) and Offshore

Banking Units (OBUs) of commercial banks operating in Sri Lanka. It also includes foreign currency deposits held by residents. M2b is the sum of M1

and adjusted quasi money. M1 is the same in both cases; i.e., DBU monetary survey and consolidated monetary survey.

17. MONETARY AGGREGATES & UNDERLYING FACTORS

Beginning End

January March (a)(b) Absolute Percentage

Broad Money Supply (M4) (4) Rs.Mn.

2019 8,729,588.03 8,902,068.61 172,480.57 2.0

2020 9,444,524.88 9,973,229.96 528,705.08 5.6

Time & Savings Deposits (Quasi Money)

2019 7,969,801.30 8,118,617.86 148,816.57 1.9

2020 8,644,200.68 9,076,594.07 432,393.39 5.0

Underlying Factors (M4)

Net Foreign Assets

2019 -133,664.68 -33,644.15 100,020.53 74.8

2020 116,315.08 48,702.02 -67,613.06 -58.1

Domestic Credit

2019 11,356,540.59 11,468,999.26 112,458.68 1.0

2020 12,066,601.03 12,744,797.49 678,196.46 5.6



To Private Sector 7,794,520.32 7,961,703.95 167,183.63 2.1

Other Items (Net)

2019 -2,493,287.88 -2,533,286.51 -39,998.63 -1.6

2020 -2,738,391.23 -2,820,269.55 -81,878.32 -3.0

Money Multiplier

M4 Multiplier

2019 9.08 9.24

2020 10.13 9.84


(a) Provisional

(b) March 2019 data were revised

2019 2020 (a) Absolute Percentage

Domestic Banking Units(DBUs)

Commercial Banks (1)

Loans & Advances (Total Outstanding) Rs. Mn. 5,634,438.61 6,242,728.08 608,289.47 10.8

Investment (Total Outstanding)

Treasury Bills Rs. Mn. 542,375.96 656,889.30 114,513.33 21.1

Other Govt. Securities (2) 1,179,159.59 1,313,551.68 134,392.09 11.4

Other Investments 108,566.18 95,556.10 -13,010.08 -12.0

Total Deposits Rs. Mn. 7,030,324.40 7,824,646.11 794,321.71 11.3 Commercial Banks' Liquidity

Excess Reserves and Cash in Hand Rs. Mn. 143,165.54 141,031.18 -2,134.36 -1.5

2019 2020 Call Market Borrowings-Last week of April Rs. Mn. 119.83 100.88 -18.95 -15.8 Offshore Banking Units (OBUs) 2019 2020

End April (b) End April

(a)

OBUs Number 26 26

Total Assets / Liabilities Rs. Mn. 1,747,920.97 1,885,685.61 137,764.65 7.9

Assets

Loans & Advances - Residents 1,410,326.24 1,459,940.68 49,614.44 3.5

Loans & Advances - Non-Residents 304,248.13 404,594.60 100,346.47 33.0

Other Assets 33,346.60 21,150.33 -12,196.26 -36.6

Liabilities

Deposits & Borrowings - Residents 862,587.46 809,315.75 -53,271.71 -6.2

Deposits & Borrowings - Non-Residents 689,070.76 832,229.01 143,158.26 20.8

Other Liabilities 196,262.75 244,140.85 47,878.10 24.4

2019 2020

National Savings Bank End March End March (a)

Time & Savings Deposits Rs. Mn. 835,437.85 1,026,262.61 190,824.76 22.8


(1) Loans and advances include loans, overdrafts, bills (import, export and local bills, excluding sight bills) purchased and discounted.

(2) Includes Rupee Securities and Sri Lanka Development Bonds.

(a) Provisional

(b) Revised

ItemChange (End March)

(4) Based on the financial survey, which covers the consolidated monetary survey data (both DBUs & OBUs) and transactions of Licensed Finance

Companies (LFCs) and Licensed Specialised Banks (LSBs)

Change (End April)

Unit

9

Item

End April

Unit

(Monetary Aggregates & Underlying Factors Contd …)

18. BANKING

5

7

9

11

13

15

17

19


% MONEY SUPPLY M2b

ANNUAL CHANGES2019

2020

Month

3579

1113151719


% CREDIT TO PRIVATE SECTOR

ANNUAL CHANGES2019

2020

Month

2019 2020

Treasury Bills (1)

(Last Week) Yield

91-Day Per cent 8.52 6.69 -183

182-Day 8.63 6.82 -181

364-Day 8.88 6.93 -195

Treasury Bonds (1)

2-Year - - -

3-Year - 8.05 -

4-Year - - -

5-Year - - -

6-Year - - -

10-Year - - -

AWDR (2) Per cent 9.00 7.57 -143

AWFDR (3) Per cent 11.19 9.26 -193

2019 April 2020 April

AWNDR (4) Per cent 11.24 7.83 -341

AWNFDR (5) Per cent 11.57 7.88 -369

2019 May 2020 May

AWPR (6)

(Last Week ) Per cent 11.82 9.16 -266

Call Money Rates Per cent 7.90-8.00 5.80-5.85

Standing Deposit Facility Rate (7) Per cent 7.50 5.50 -200

Standing Lending Facility Rate (8) Per cent 8.50 6.50 -200

Sri Lanka Inter Bank Offered Rate (SLIBOR) (9)

1 Day Per cent 8.04 5.90 -214

7 Day Per cent 8.67 6.15 -252

1 Month Per cent 8.98 6.40 -258

3 Month Per cent 9.86 7.00 -286

6 Month Per cent 10.86 7.70 -316

12 Month Per cent 11.57 8.51 -306

2019 April 2020 April

AWLR (10) Per cent 14.47 13.08 -139

AWNLR (11) 14.71 11.67 -304

Saving Rates Per cent 2019 April 2020 April

Commercial Banks 0.20-7.50 0.20-7.50

National Savings Bank 4.00 4.00

Fixed Deposit Rates Per cent

Commercial Banks (12 Months) 4.00-15.00 3.00-15.00

National Savings Bank (12 Months ) 10.50 8.75

Long Term Lending Rates Per cent 2019 April 2020 April

SMIB 10.50-20.00 9.50-18.00

NSB 3.46-17.00 12.00-14.50

NHDA 5.00-6.00 6.00-9.00

Sources: Central Bank of Sri Lanka

Respective Financial Institutions

(1) Average weighted yield rates at the last auction held during the month.

(2) AWDR (Average Weighted Deposit Rate) of commercial banks is computed monthly.

(3) AWFDR (Average Weighted Fixed Deposit Rate) of commercial banks is computed monthly.

(4) AWNDR (Average Weighted New Deposit Rate) of commercial banks is computed monthly.

(5) AWNFDR (Average Weighted New Fixed Deposit Rate) of commercial banks is computed monthly.

(6) AWPR (Average Weighted Prime Lending Rate) of commercial banks is computed weekly.

(7) Renamed w.e.f. 02 Jan 2014 as the Standing Deposit Facility Rate. Previously named as the Repo Rate.

(8) Renamed w.e.f. 02 Jan 2014 as the Standing Lending Facility Rate. Previously named as the Reverse Repo Rate.

(9) As at last working day of the month.

(10) AWLR (Average Weighted Lending Rate) of commercial banks is computed monthly.

(11) AWNLR (Average Weighted New Lending Rate) of commercial banks is computed monthly.

(a) As at December 2019

Y-o-Y

Absolute Change

(Basis Points)

10

Item UnitMay

19. INTEREST RATES

5

7

9

11

% 3 MONTH T-BILL RATE 2019

2020

Week

5

7

9

11

%STANDING DEPOSIT FACILITY & STANDIN LENDING

FACILITY

Std. Deposit

Std. Lending

Week

2019 2020 2020

End December End February End March (b)

Total Number of Active Cards Number 1,829,927 1,853,716 1,861,622

Local (accepted only locally) 18,538 18,371 18,304

Global (accepted globally) 1,811,389 1,835,345 1,843,318

Outstanding balance Rs. Mn. 121,489.28 120,877.81 122,678.92

Local (accepted only locally) 31,386.04 31,817.50 32,546.16

Global (accepted globally) 90,103.24 89,060.31 90,132.76


(b) Provisional

2020 2020

End March End April (a)

Commercial Paper Issues (b) Rs. Mn.

Total Issues 3,361.33 1,653.74 2,119.26

Outstanding (at the end of the period) 1,437.66 2,117.64 1,726.73

(a)Provisional Source: Central Bank of Sri Lanka

(b) Based on the information provided by LCBs and LSBs

2019 2020

All Share Price Index (ASPI) 1985=100 5,310.95 4,846.76 -8.7

S&P Sri Lanka 20 (S&P SL20) 2004=1000 2,469.82 2,016.08 -18.4

Market Capitalisation Rs. Bn. 2,502.27 2,265.99 -9.4

Non-national Transactions (a)

Purchase Rs. Mn. 1,763.37 3,702.80 110.0

Sales 2,955.05 10,620.31 259.4

Net Purchases -1,191.68 -6,917.52 -480.5

Source: Colombo Stock Exchange

(a) Total for the month

(a) Issued by Licensed Commercial Banks (LCBs)

Item

Item

11

Credit Cards (a) Unit

Unit 2019

Y-o-Y ChangeUnitMay

20. CREDIT CARDS

21. COMMERCIAL PAPER ISSUES

22. SHARE MARKET

4,000

5,000

6,000

7,000

Index ALL SHARE PRICE INDEX2019

2020

Week

1,500

2,500

3,500

Index S&P SL 20 INDEX2019

2020

Week

Exports Rs. Mn.

March 202,850 121,464 -40.1

April 139,510 54,510 -60.9

January - April 706,794 537,723 -23.9

Imports

March 308,513 223,002 -27.7

April 278,908 216,759 -22.3

January - April 1,144,942 1,038,216 -9.3

Trade Balance

March -105,663 -101,538

April -139,398 -162,249

January - April -438,149 -500,493

Exports US $ Mn.

March 1,137 656 -42.3

April 798 282 -64.6

January - April 3,954 2,932 -25.9

Imports

March 1,729 1,205 -30.3

April 1,596 1,123 -29.6

January - April 6,412 5,625 -12.3

Trade Balance

March -592 -549

April -797 -840

January - April -2,458 -2,693

(a) Provisional Sources:

Lanka IOC PLC

National Gem and Jewellery Authority

Sri Lanka Tourism Development Authority

Sri Lanka Customs


Item

2019 2020 (b) 2019 2020

(b)

Total Exports

Value 158.2 93.3 111.1 39.3

Quantity 195.2 107.3 110.1 54.4

Unit Value 81.1 87.0 100.9 72.2

Total Imports

Value 154.7 107.8 142.8 100.5

Quantity 170.8 139.4 154.2 126.8

Unit Value 90.6 77.4 92.6 79.3

Terms of Trade 89.5 112.4 108.9 91.1

(a) In US$ Terms Source: Central Bank of Sri Lanka

(b) Provisional

April

Y-o-Y Change Item Unit 2019 2020 (a)

Ceylon Petroleum Corporation and other exporters of petroleum

March

12

23. EXTERNAL TRADE

TRADE INDICES (a) ( 2010 = 100 )

100

300

500

700

900

1,100


US $ Mn. EXPORTS

2019

2020

Month

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200


US $ Mn. IMPORTS

2019 2020

Month

Major Imports

Consumer Goods - Total Rs. Mn.

March 62,782 49,427 -21.3

April 53,858 58,406 8.4

January - April 217,824 234,691 7.7

Food and Beverages

March 24,630 26,472 7.5

April 21,419 26,417 23.3

January - April 81,614 104,315 27.8

Vegetables

March 4,857 7,174 47.7

April 3,649 7,897 116.4

January - April 16,536 27,033 63.5

Sugar

March 3,565 5,027 41.0

April 2,636 2,931 11.2

January - April 11,368 16,217 42.7

Dairy Products

March 7,241 6,006 -17.1

April 6,869 5,268 -23.3

January - April 18,456 22,948 24.3

Other Food and Beverages

March 8,967 8,265 -7.8

April 8,265 10,321 24.9

January - April 35,253 38,116 8.1

Non-food Consumer Goods

March 38,153 22,955 -39.8

April 32,439 31,989 -1.4

January - April 136,210 130,376 -4.3

Personal Vehicles

March 12,874 7,306 -43.2

April 8,314 11,657 40.2

January - April 38,811 40,179 3.5

Medical and Pharmaceuticals

March 7,873 6,359 -19.2

April 6,957 7,617 9.5

January - April 28,851 30,495 5.7

Other Non Food Consumables

March 17,406 9,290 -46.6

April 17,167 12,715 -25.9

January - April 68,549 59,702 -12.9

Intermediate Goods - Total

March 176,128 129,486 -26.5

April 154,268 110,057 -28.7

January - April 653,062 574,554 -12.0

Fuel

March 72,776 43,980 -39.6

April 51,569 23,521 -54.4

January - April 234,625 196,469 -16.3

Textile and Textile Articles

March 38,164 25,770 -32.5

April 38,282 28,357 -25.9

January - April 162,175 141,734 -12.6

Diamonds, Precious Stones and Metals

March 2,630 1,005 -61.8

April 2,955 287 -90.3

January - April 11,524 4,965 -56.9

Wheat

March 2,018 11,500 469.9

April 5,745 1,622 -71.8

January - April 14,385 14,879 3.4

Other Intermediate Goods

March 60,540 47,231 -22.0

April 55,717 56,269 1.0

January - April 230,353 216,507 -6.0

Investment Goods - Total

March 69,471 43,817 -36.9

April 70,631 48,193 -31.8

January - April 273,624 227,568 -16.8

Machinery and Equipment

March 38,171 24,102 -36.9

April 36,666 21,841 -40.4

January - April 151,605 126,177 -16.8

Other Investment Goods

March 31,300 19,716 -37.0

April 33,964 26,351 -22.4

January - April 122,019 101,392 -16.9

Total Imports (b)

March 308,513 223,002 -27.7

April 278,908 216,759 -22.3

January - April 1,144,942 1,038,216 -9.3

(a) Provisional

13


(b) Data from the Sri Lanka Customs have been adjusted to include accurate monthly

values of imports of fuel which are recorded with a lag in customs data. Those data

are obtained directly from relevant institutions for the adjustment.

Sources: Ceylon Petroleum Corporation

Lanka IOC PLC

Sri Lanka Customs


EXTERNAL TRADE - COMPOSITION OF IMPORTS

Major Imports

Consumer Goods - Total US $ Mn.

March 351.9 267.1 -24.1

April 308.1 302.5 -1.8

January - April 1,220.4 1,268.6 4.0

Food and Beverages

March 138.0 143.0 3.6

April 122.5 136.8 11.7

January - April 457.4 563.2 23.1

Vegetables

March 27.2 38.8 42.4

April 20.9 40.9 95.9

January - April 92.6 145.6 57.3

Sugar

March 20.0 27.2 36.0

April 15.1 15.2 0.6

January - April 63.7 87.9 37.9

Dairy Products

March 40.6 32.5 -20.0

April 39.3 27.3 -30.6

January - April 103.9 124.1 19.5

Other Food and Beverages

March 50.3 44.7 -11.1

April 47.3 53.5 13.1

January - April 197.3 205.7 4.3

Non-food Consumer Goods

March 213.8 124.0 -42.0

April 185.6 165.7 -10.7

January - April 762.9 705.4 -7.5

Personal Vehicles

March 72.2 39.5 -45.3

April 47.6 60.4 26.9

January - April 217.4 216.8 -0.3

Medical and Pharmaceuticals

March 44.1 34.4 -22.1

April 39.8 39.4 -0.9

January - April 161.6 164.8 2.0

Other Non Food Consumables

March 97.5 50.2 -48.5

April 98.2 65.9 -32.9

January - April 384.0 323.8 -15.7

Intermediate Goods - Total

March 987.1 699.7 -29.1

April 882.5 570.0 -35.4

January - April 3,656.8 3,115.7 -14.8

Fuel

March 407.9 237.7 -41.7

April 295.0 121.8 -58.7

January - April 1,313.6 1,070.1 -18.5

Textile and Textile Articles

March 213.9 139.3 -34.9

April 219.0 146.9 -32.9

January - April 907.6 768.9 -15.3

Diamonds, Precious Stones and Metals

March 14.7 5.4 -63.1

April 16.9 1.5 -91.2

January - April 64.6 27.2 -57.9

Wheat

March 11.3 62.1 449.5

April 32.9 8.4 -74.4

January - April 81.0 80.2 -1.0

Other Intermediate Goods

March 339.3 255.2 -24.8

April 318.7 291.4 -8.6

January - April 1,290.0 1,169.3 -9.4

Investment Goods - Total

March 389.3 236.8 -39.2

April 404.1 249.6 -38.2

January - April 1,532.9 1,233.4 -19.5

Machinery and Equipment

March 213.9 130.2 -39.1

April 209.8 113.1 -46.1

January - April 848.8 685.5 -19.2

Other Investment Goods

March 175.4 106.5 -39.3

April 194.3 136.5 -29.8

January - April 684.1 547.9 -19.9

Total Imports (b)

March 1,729.0 1,205.0 -30.3

April 1,595.6 1,122.6 -29.6

January - April 6,412.5 5,625.3 -12.3

(a) Provisional

14


(b) Data from the Sri Lanka Customs have been adjusted to include accurate monthly

values of imports of fuel which are recorded with a lag in customs data. Those data are

obtained directly from relevant institutions for the adjustment.

Sources: Ceylon Petroleum Corporation

Lanka IOC PLC

Sri Lanka Customs


( External Trade Contd...)

Major Exports

Tea Rs. Mn.

March 22,460 11,570 -48.5

April 17,300 15,133 -12.5

January - April 79,702 64,369 -19.2

Rubber

March 578 251 -56.6

April 439 304 -30.8

January - April 1,943 1,613 -16.9

Coconut

March 6,207 3,647 -41.3

April 4,171 2,758 -33.9

January - April 19,947 15,610 -21.7

Spices

March 4,315 2,389 -44.6

April 2,766 2,325 -15.9

January - April 17,261 11,635 -32.6

Minor Agricultural Products

March 1,702 1,951 14.6

April 1,296 953 -26.4

January - April 6,181 8,172 32.2

Textile and Garments

March 95,055 57,868 -39.1

April 62,503 12,593 -79.9

January - April 327,451 241,449 -26.3

Gems Diamonds and Jewellary

March 5,727 1,588 -72.3

April 4,013 26 -99.4

January - April 18,982 9,970 -47.5

Rubber Products

March 14,743 10,076 -31.7

April 9,241 4,672 -49.4

January - April 51,128 40,465 -20.9

Petroleum Products

March 8,562 6,851 -20.0

April 7,496 2,804 -62.6

January - April 29,777 35,176 18.1

Mineral Exports

March 802 190 -76.4

April 398 187 -53.0

January - April 2,023 1,078 -46.7

Total Exports (b)

March 202,850 121,464 -40.1

April 139,510 54,510 -60.9

January - April 706,794 537,723 -23.9

Major Exports

Tea US $ Mn.

March 125.9 62.5 -50.3

April 99.0 78.4 -20.8

January - April 446.2 348.4 -21.9

Rubber

March 3.2 1.4 -58.2

April 2.5 1.6 -37.4


Coconut

March 34.8 19.7 -43.4

April 23.9 14.3 -40.1

January - April 111.7 84.7 -24.2

Spices

March 24.2 12.9 -46.6

April 15.8 12.0 -23.9

January - April 96.4 63.1 -34.6

Minor Agricultural Products

March 9.5 10.5 10.5

April 7.4 4.9 -33.4

January - April 34.6 44.5 28.6

Textile and Garments

March 532.7 312.7 -41.3

April 357.6 65.2 -81.8

January - April 1,831.8 1,320.1 -27.9

Gems Diamonds and Jewellary

March 32.1 8.6 -73.3

April 23.0 0.1 -99.4

January - April 106.3 54.8 -48.5

Rubber Products

March 82.6 54.5 -34.1

April 52.9 24.2 -54.2

January - April 285.8 220.3 -22.9

Petroleum Products

March 48.0 37.0 -22.9

April 42.9 14.5 -66.1

January - April 166.9 192.2 15.1

Mineral Exports

March 4.5 1.0 -77.2

April 2.3 1.0 -57.5


Total Exports (b)

March 1,136.9 656.4 -42.3

April 798.1 282.3 -64.6

January - April 3,954.2 2,932.0 -25.9

(a) Provisional

15


(b) Data from the Sri Lanka Customs have been adjusted to include accurate monthly values

of exports of petroleum products and gems, diamonds and jewellery which are recorded

with a lag in customs data. Those data are obtained directly from relevant institutions for

the adjustment.

Sources: Ceylon Petroleum Corporation and

other exporters of petroleum


Sri Lanka Customs


EXTERNAL TRADE - COMPOSITION OF EXPORTS

2019 2020 (a) Y-o-Y Change 2019 2020

(a) Y-o-Y Change

Export Volume

Tea Mn. Kg. 26.4 13.8 -47.6 20.8 18.2 -12.7

Rubber Mn. Kg. 2.0 0.7 -63.4 1.5 0.7 -53.2

Coconut (Kernel Products) Mn. Nuts 64.4 32.7 -49.1 46.8 21.1 -55.0

Export Prices

Tea Rs./ Kg. 850.48 836.74 -1.6 832.00 833.41 0.2

US $/ Kg. 4.77 4.52 -5.1 4.76 4.32 -9.3

Rubber Rs./ Kg. 292.27 346.09 18.4 291.27 430.37 47.8

US $/ Kg. 1.64 1.87 14.2 1.67 2.23 33.8

Coconut Rs./ Nut 48.21 49.05 1.8 44.73 58.13 30.0

US $/ Nut 0.27 0.27 -1.9 0.26 0.30 17.7

Average Gross Price

Tea Rs./ Kg. 586.00 597.96 2.0 578.84 697.18 20.4

Rubber Rs./ Kg. 267.32 300.00 12.2 265.15 - -

Coconut Rs./ Nut 29.61 45.82 54.7 27.36 41.70 52.4

Quantity Sold

Tea Mn. Kg. 22.3 14.2 -36.2 24.6 19.1 -22.4

Import Volumes

Rice MT '000 1.9 2.0 1.4 1.2 0.8 -29.8

Wheat & Maize MT '000 42.0 237.7 465.8 118.0 33.2 -71.9

Sugar MT '000 58.3 69.6 19.5 42.2 38.6 -8.6

Crude Oil Barrels '000 1,435.9 1,448.8 0.9 733.8 727.1 -0.9

Import Prices (Average)

Rice Rs./MT 87,851.44 96,003.25 9.3 96,352.70 112,418.64 16.7

US$/MT 492.36 518.78 5.4 551.21 582.22 5.6

Wheat and Maize Rs./MT 51,135.06 48,670.91 -4.8 49,695.37 52,365.66 5.4

US$/MT 286.58 263.01 -8.2 284.30 271.20 -4.6

Sugar Rs./MT 61,186.04 72,187.94 18.0 62,458.54 75,945.53 21.6

US$/MT 342.91 390.09 13.8 357.31 393.33 10.1

Crude Oil Rs./Barrel 12,662.55 6,971.51 -44.9 13,213.24 3,777.52 -71.4

US$/Barrel 70.97 37.67 -46.9 75.59 19.56 -74.1

(a) Provisional Sources: Ceylon Petroleum Corporation and other exporters of petroleum

Lanka IOC PLC


Colombo Tea Brokers’ Association

The Ceylon Chamber of Commerce

Coconut Development Authority

Sri Lanka Customs


Unit Y-o-Y Change

Number

-

-46.3

US$ Mn.

-

-46.3

Rs. Mn.

-

-45.4

US$ Mn.

-32.3

-9.0

Sources: Central Bank of Sri Lanka

(a) Provisional Sri Lanka Tourism Development Authority

375

1,975

March April

554

2,171

2020 (a)

-

507,311

-

956 (c)

-

174,007 (c)

Workers' Remittances (Inflows)

April

January - April

2019

37,802

945,377

71 (b)

1,782 (b)

12,571 (b)

318,496 (b)

January - May

May

January - May

Item Unit

16

(b) Revised based on survey results of Sri Lanka Tourism Development Authority (SLTDA) on average stay period and average spending per day estimates for

2019.

(c) May be revised based on survey results of SLTDA on average stay period and average spending per day estimates for 2020.

Item

Tourist Arrivals

May

January - May

Earnings from Tourism

May

EXTERNAL TRADE - MAJOR EXPORTS & IMPORTS (VOLUMES AND PRICES)

50

70

90

110

130

150


US $ Mn. TEA EXPORTS2019

2020

Month

0

2

4

6


US $ Mn. RUBBER EXPORTS

2019 2020

Month

24. TOURISM

2019 2020 2020 2020

December February March April

External Assets (a) (b)

Gross Official Reserves (GOR) US$ Mn. 7,642 7,942 7,534 7,210

Rs. Mn. 1,388,108 1,443,820 1,421,033 1,389,747

Reserve Adequacy of GOR Months of Imports 4.6 4.7 4.6 4.5

Total Reserves (TR) US$ Mn. 10,402 10,938 10,686 n.a.

Rs. Mn. 1,889,327 1,988,634 2,015,563 n.a.

Reserve Adequacy of TR Months of Imports 6.3 6.5 6.5 n.a.

Exchange Rates (Period Avg.)

Rs./USD

Rs./GBP

Rs/INR

Rs/JPY

Rs/EUR

Rs./SDR

Forward Exchange Rates (c) Rs. / USD

One month

Three months

Six months

Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) - 24 Currency Basket (Period Avg.)

April 2019 April 2020

NEER (2017 = 100) (d) 89.40 84.73

REER (2017 = 100) (e) 90.53 89.40

n.a. - not available Source: Central Bank of Sri Lanka

(a) Reserve data have been revised to include balances in DST's special yen accounts in consultation with IMF,

and placement for war risk insurance. From October 2002 external assets are calculated at market values.

(b) Including ACU receipts.

Item Unit

May 2019 May 2020

176.44 187.87

226.88 230.85

2.53 2.48

May 2020

1.60 1.75

197.40 204.83

243.76 256.16

17

186.25

-

187.18

(d) The NEER is the weighted average of nominal exchange rates of the 24 trading partner and competitor countries. Weights are based on the

trade shares reflecting the relative importance of each currency in the currency basket.

(e) The REER is computed by adjusting the NEER for inflation differentials (based on CCPI) with the countries whose currencies are included in the basket.

The REER Indices for 2020 are provisional.

(c) Average for the last five working days of the month of May based on actual transactions.

25. INTERNATIONAL FINANCE

0.0

1.0

2.0

3.0

4.0

5.0

6.0

0

2,000

4,000

6,000

8,000

10,000

12,000 GROSS OFFICIAL RESERVES AND MONTHS OF IMPORTS

Gross Official Reserves (Left Axis)

Months of Imports (Right Axis)

Month

US$ Mn Months of Imports

0

250

500

750

1,000

1,250

US$ Mn PRIVATE REMITTANCESS - INFLOWS

2019

2020

Month

25. INTERNATIONAL FINANCE

140

150

160

170

180

190

200

Rs/US $ EXCHANGE RATE MOVEMENT - RUPEES PER US$

Week

70

80

90

100

110

120

MONTHLY AVERAGE EFFECTIVE EXCHANGE RATE INDICES

24 - CURRENCY (2017=100)

NEER

REER

Month

Index

Point

US $ Mn

Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit Net

Goods and services 5,019 6,489 -1,470 4,796 6,478 -1,681 20,264 26,841 -6,577 19,414 24,562 -5,148

Goods (d ) 2,992 5,382 -2,390 2,956 5,341 -2,385 11,890 22,233 -10,343 11,940 19,937 -7,997

General merchandise 2,992 5,381 -2,389 2,956 5,341 -2,385 11,890 21,794 -9,904 11,940 19,935 -7,995

Non-monetary gold 1 -1 0 0 439 -439 3 -3

Services 2,027 1,108 919 1,840 1,137 703 8,374 4,608 3,766 7,474 4,625 2,849

Transport 559 428 130 511 389 122 2,486 1,737 750 2,339 1,710 630

Sea Transport 226 198 28 216 186 30 1,134 819 315 1,155 820 335

Freight 226 198 28 216 186 30 1,134 819 315 1,155 820 335

Air transport 333 230 103 294 203 92 1,353 918 435 1,184 889 295

Passenger 308 208 100 270 182 88 1,227 827 400 1,056 798 258

Freight 25 22 3 24 21 3 126 91 35 128 91 37

Travel (e) 1,130 385 745 1,013 420 593 4,381 1,660 2,721 3,607 1,638 1,969

Construction 10 9 2 10 11 -1 65 33 32 67 35 32

Insuarance and pension services 32 23 9 25 20 6 130 97 33 137 102 36

Financial services 41 110 -69 43 133 -90 242 447 -205 213 470 -258

Telecommunication, computer and

information services239 120 119 226 124 102 995 484 511 1,054 515 539

Telecommunications services 37 29 8 35 34 1 147 112 35 155 135 21

Computer services 201 91 110 191 91 101 848 372 475 899 380 519

Other business services 7 18 -12 7 22 -15 40 75 -34 35 78 -43

Government goods and services n.i.e 9 14 -5 5 18 -13 35 75 -41 21 77 -56

Primary Income 54 919 -865 56 793 -737 249 2,633 -2,385 252 2,678 -2,426

Compensation of employees 7 25 -19 7 32 -26 28 102 -74 31 130 -99

Investment Income 47 894 -846 49 761 -712 221 2,532 -2,311 220 2,548 -2,327

Direct Investment 6 450 -444 7 348 -341 23 783 -760 26 863 -837

Dividends 3 366 -363 3 286 -282 13 558 -545 14 599 -585

Re-invested earnings 2 84 -81 3 62 -59 10 225 -215 13 264 -252

Portfolio Investment 289 -289 257 -257 1,037 -1,037 1,007 -1,007

Equity 11 -11 70 -70 31 -31

Interest 279 -279 257 -257 967 -967 976 -976

short-term 0.6 -0.6 1.8 -1.8 4.4 -4.4 7.5 -7.5

long-term 278 -278 255 -255 963 -963 969 -969

Other Investment 25 154 -130 20 157 -137 88 711 -623 97 677 -580

Reserve assets 17 17 23 23 110 110 97 97

Secondary Income 1,739 216 1,523 1,788 251 1,537 7,023 860 6,163 6,726 960 5,766

General Governemnt (f) 0 0 0.2 0.2 8 8 9 9

Personal transfers 1,739 216 1,523 1,787 251 1,537 7,015 860 6,155 6,717 960 5,757

of which, worker's remittances 1,739 1,787 7,015 6,717

Current Account 6,812 7,624 -813 6,640 7,522 -882 27,535 30,334 -2,799 26,392 28,200 -1,808

Capital Account 7 7 0 7 7 0 42 27 14 51 28 23

Capital Transfers 7 7 0 7 7 0 42 27 14 51 28 23

General Governemnt (g) 1 1 0.4 0.4 14 14 16 16

Private Capital Transfers 7 7 -1 7 7 -1 28 27 0 34 28 6.7

Current Account + Capital Account 6,819 7,632 -813 6,647 7,529 -882 27,577 30,362 -2,785 26,443 28,228 -1,785

(b) Revised Source: Central Bank of Sri Lanka

(c) Provisional

(d) Exports and imports are recorded on f.o.b.and c.i.f. valuation basis, respectively.

(e) Passenger services provided for non-residents are included in transport services.

(f) Includes outright grants received in the form of programme, food and commodity aid, cash and technical assistance.

(g) Includes outright grants received in the form of project aid.

18

(a) The above presentation conforms as far as possible to the Balance of Payments Manual (BPM), 6th edition (2009) of the International Monetary

Fund (IMF)

CURRENT AND CAPITAL ACCOUNT

2018 20192018

(b)2019

(c)

4th

Quarter (b)

4th

Quarter (c)

Balance of Payments - Standard presentation under BPM6 format (a)

US $ Mn

Net Incurrence of

liabilities

Net acqusition of

financial assets

Net Incurrence of

liabilities

Net acqusition of

financial assets

Net Incurrence of

liabilities

Net acqusition of

financial assets

Net Incurrence of

liabilities

Net acqusition of

financial assets

Financial Account 635 -42 506 -160 2,816 -562 2,947 514

Direct Investments 356 17 235 19 1,614 68 758 77

Equity and investment fund shares 342 15 127 16 463 58 384 65

Equity other than reinvestment of earnings 259 12 65 13 238 48 120 52

Direct investor in direct investment enterprise 259 12 65 13 238 48 120 52

- BOI companies 41 66 118 138

- CSE Companies (not registered with BOI) 46 -2 -51 -20

- Other companies 171 0.5 171 2

Reinvestment of earnings 84 2 62 3 225 10 264 13

Debt Instruments 13 2 108 3 1,151 10 374 13

Direct investor in direct investment enterprise 13 2 108 3 1,151 10 374 13

- BOI companies -62 79 1,073 314

Shareholder Advance 245 78 1,414 216

Intra Company Borrowings 20 17 89 115

Debt Repayments -327 -16 -430 -17

- CSE Companies (not registered with BOI) 75 30 78 59

- Other companies

Portfolio Investments -761 -90 129 2,303

Equity and investment fund shares -139 -48 -4 -15

- CSE Companies (not registered with BOI) -139 -48 -4 -15

Debt securities -622 -42 134 2,317

Central Bank

Deposit taking corporations, other than the Central Bank -100 -1,350 -250

Short-term

Long-term -100 -1,350 -250

General Government -522 -42 1,484 2,567

Short-term (Treasury Bills) -36 58.8 -96 55

Long-term -487 -101 1,580 2,513

Treasury Bonds -487 -101 -894 -388

SLDBs -26 1

Sovereign Bonds 2,500 2,900

Financial Derivatives - - - - - - - -

Other Investment 1,041 237 362 34 1,073 372 -114 100

Currency & deposits -402 51 36 -59 -632 80 167 -93

Central Bank 0 0.0 -1 0

Short term 0 0.0 -1 0

Long term

Deposit taking corporations, other than th Central Bank -402 51 36 -59 -631 80 168 -93

Short-term -402 -19 36 -103 -631 -189 168 6

Long-term 70 44 268 -99

General Government

Other sectors

Loans 1,391 170 1,620 -277

Central Bank 163 252 327

Credit and loans with the IMF 163 252 327

Other short term

Other long term

Deposit taking corporations, except the Central Bank 418 21 697 -281

Short-term 590 296 844 -1

Long-term -172 -275 -146 -280

General Government 846 154 557 -97

Short-term

Long-term 846 154 557 -97

Other sectors (h) 127 -168 114 -226

Short-term

Long term 127 -168 114 -226

Trade credits and advances -163 35 -86 -4 247 177 -28 -4

Deposit taking corporations, except the

Central Bank-12 -5 -10 -8

Short term -12 -5 -10 -8

Other sectors (i) -163 47 -86 1 247 186 -28 4

Short term -163 47 -86 1 247 186 -28 4

Other accounts receivable/payable 214 152 241 97 -162 116 24 196

Central bank 214 241 -162 24

Short term (j) 214 241 -162 24

Deposit taking corporations, except the Central Bank 152 97 116 196

Short term 152 97 116 196

Special Drawing Rights - - - - - - - -

Reserve Assets -296 -213 -1,002 337

Monetary gold -103 -14

Special drawing rights 1 0 -3 6

Reserve position in the IMF

Other reserve assets -297 -213 (895) 346

Currency and deposits 204 -387 -1,011 361

Claims on monetary authorities 456 411 466 -174

Claims on other entities -252 -798 -1,477 535

Securities -494 181 122 -19

Debt securities -494 181 122 -19

Long term -494 181 122 -19

Other claims -7 -7 -6 3

FINANCIAL ACCOUNT (NET) (Assets - Liabilities) -677 -666 -3,378 -2,432

Errors and Omissions 136 216 -593 -647

(h) Include State Owned Business Enterprises (SOEs) and private sector companies. Source: Central Bank of Sri Lanka

(i) Include trade credits received by the Ceylon Petroleum Corporation (CPC) and private sector companies.

(j) Net transactions of ACU liabilities

… negligible

19

FINANCIAL ACCOUNT

2018 20192018

(b)2019

(c)

4th

Quarter (b)

4th

Quarter (c)

Balance of Payments - Standard presentation under BPM6 format (a) (Contd..)

Documents

MONTHLY ECONOMIC INDICATORS...25 INTERNATIONAL FINANCE 17 CONTENTS SUBJECT Period Unit 2019 2020 Y-o-Y Change Real Sector Tea March Mn. Kg 28.2 13.3 -52.8 Rubber March Mn. Kg 7.2 5.1