Sri Lanka’s BOP recorded a surplus of US $ 1,400mn: Central Bank

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Jan 05, 2014 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP surplus of 1,400 million US dollars in 2014. Sri Lanka’s exports grew by 10 percent to 11.4 billion dollars in 2014 and imports were up 7.8 percent to 19.4 billion US dollars in 2014. The trade deficit increase by 4.7 percent to 8 billion US dollars in 2014 from 7.6 billion US dollars in 2013.

Tourism reported 35 percent growth to 2,300 million US dollars. Earnings from ICT sector recorded 823 million US dollars up from 719 million US dollars. Earnings from Transportation services were recorded 1,956 million US dollars in 2014 from 1,784 million dollars in 2013.

Other services were up 2 percent to 481 million dollars.

Foreign direct investment were 1,900 million US dollars in 2014.

Sometime I have heard people saying it is not enough. But in 2005 the highest amount of FDI that we have had is 200 million and that time it was also inclusive of certain privatize proceeds, Nivard Cabraal, Governor of the Central Bank Sri Lanka said.

Now we see a more cohesive FDI where people are coming and making the right invest