Sri Lanka per capita income on the rise

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

Mar 29, 2011 (LBO) – Sri Lanka’s per-capita income at market prices was estimated at 271, 259 rupees or 2,399 US dollars in 2010, up 14.7 percent in rupee terms or 16.6 percent in dollar terms from 2009, the government said. The Department of Census & Statistics (DCS) said in a statement Private Final Consumption Expenditure (PFCE) at current prices rose to an estimated 3,684.7 billion rupees in 2010 from 3,116.2 billion rupees in 2009.

Gross Fixed Capital Formation (GFCF) at current prices was estimated at 1,452.0 billion rupees in 2010 as against 1, 147.4 billion rupees in 2009.

The share of Gross Fixed Capital Formation to the GDP rose to 25.9 percent in 2010 from 23.7 percent in 2009.

The department said gross savings at current prices in 2010 had also increased, rising to an estimated 1,360.1 billion rupees from 1,141.5 billion rupees in 2009, constituting 24.3 percent of GDP as against 23.6 percent in the previous year.

Sri Lanka’s inflation rose to 5.9 percent in 2010 from 3.4 percent in 2009.