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Table  43  (External trade, Balance)
Balance of Payments (2004-2008)
ext 43e
  2000 2001 2002 2003 2004 2005 2006 2007     2008(a)
Balance of Payments              (Billion of Rupees)
  1.Trade Balance -134.2 -102.6 -134.7 -148.3 -227.2 -253.1 -350 -404.7 -635.4
       Exports 420.1 430.6 449.9 495.4 584 638.3 716.6 845.7 881.3
       Imports 554.3 533 584.6 643.8 811.1 891.4 1,066.60 1,250.40 1,516.70
  2.Income and Services Account -20.1 -6.2 4.1 21.9 22.0 4.0 -13.8 -5.7 -61.4
  3.Net Remittances 73.6 87.8 105.0 116.3 136.7 183.8 208.4 255.7 288.6
   Current Account Balance -78.9 -22.0 -22.7 -6.6 -65.4 -65.2 -155.4 -154.7 -408.1
Overall Balance -31.0 29.8 36.1 48.6 -7.5 48.1 33.5 60 -126.2
Balance of Payments              (Per Cent of GDP) (b)    Current Account Balance  
   Trade Balance -10.7 -7.3 -8.5 -8.1 -10.9 -10.3 -11.9 -11.3 -14.4
       Exports 33.3 30.6 28.4 27.2 27.9 26 24.4 23.6 20
       Imports 44.1 37.8 37 35.3 38.8 36.3 36.3 34.5 34.4
   Income and Services Account 5.9 6.2 7 6.4 6.5 7.5 7.1 6.8 6.3
   Net Remittances -6.3 -1.6 -1 -0.4 -3.1 -2.7 -5.3 -4.3 -9.3  
   Current Account Balance    101.1 99.8 103 110.4 104.8 100 96.6 94 84.1  
   Terms of Trade (1997=100)
Gross External Assets                  
    Rs. Bn. 170.3 208.5 241 311.3 359.7 428.9 431.4 538.9 429.8
    US $ Mn. 2,131.0 2,238.0 2,495.0 3,218.0 3,438.0 4,201.0 4,005.0 4,956.0 3,799.0
    In Months of Imports 3.1 3.8 4 5 5.2 5.7 4.7 5.3 3.3
External Debt                  
    Rs. Bn. 722.1 779.9 903 1,029.90 1,186.90 1,159.40 1,290.50 1,521.60 1,709.20
    US $ Mn. 9,529 8,372 9,333 10,647 11,346 11,354 11,981 13,989 15,107
    % of GDP 54.5 53.2 56 56.9 54.9 46.5 42.4 43.2 37.1
   Debt Service, % Foreign Earnings 12.6 10.9 11 9.4 9.4 6.3 9.8 10 11
Tourist Arrivals, ' 000 400.4 336.8 393 500.6 566.2 549.3 559.6 494 438.5
Exchange Rates (Annual Average)                  
    Rs./ US$ 75.78 89.36 96 96.52 101.19 100.5 103.96 110.62 108.33
    Rs./SDR 99.9 113.75 124 135.23 149.88 148.45 153 169.37 171.24
    Rs./Pound Sterling 114.78 128.66 144 157.71 185.35 182.87 191.53 221.46 200.73
    Rs./ Euro 74.32 82.27 101 121.6 125.79 125.1 130.63 151.63 159.32
    Rs./ Yen 0.7 0.74 1 0.83 0.94 0.91 0.89 0.94 1.05
    Rs./ Indian Rs. 1.68 1.89 2 2.07 2.2 2.28 2.3 2.69 2.52
© 2010, KRI (Kusaka Research Institute)  Revised:  2010(y)/11(m)/25(d)
Source: Chief Editor:
Central Bank of Sri Lanka    Dr. Milton Rajaratne (B.Com., M.Sc., Ph.D.)
Key:      The Former Head, Department of Management Studies
(a) Provisional      University of Peradeniya, Sri Lanka
(b) From 2003, based on GDP estimates complied by
     Dept. of Census Statistics.