Republic of

SRI LANKA

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Location

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President Maithripala Sirisena

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About Sri Lanka

Capital
»Sri Jayawardenepura Kotte (Administrative),Colombo MC Colombo (Commercial)

Official Language

»Sinhala,Tamil

Demonym

»Sri Lankan

Government

»Unitary semi-presidential constitutional republic

Area

»65,610 km2 (122nd)

Population

»20,277,597(57th)

GDP (PPP)

»$142.719 billion(64th)

» Per capita – $7,046 (99th)

GDP (nominal)

»$70.966 billion (68th)

» Per capita – $3,385 (122nd)

Currency
» Sri Lankan rupee (LKR)

Time Zone
»SLST (UTC+5:30)

Sri Lanka officially the Democratic Socialist Republic of Sri Lanka, is an island country near the south-west of South India in South Asia. Sri Lanka, known until 1972 as Ceylon , has maritime borders with India to the northwest and the Maldives to the southwest.

Sri-Lanka-beach

Sri Lanka has a documented history that spans over 3,000 years, but there are theories to suggest that Sri Lanka had pre-historic human settlements dating back to at least 125,000 years.

Its geographic location and deep harbours made it of great strategic importance from the time of the ancient Silk Road through to World War II Sri Lanka is a diverse country, home to many religions, ethnicities and languages. It is the land of the Sinhalese, Sri Lankan Tamils, Moors, Indian Tamils, Burghers, Malays, Kaffirs and the aboriginal Vedda.

Sri Lanka has a rich Buddhist heritage, and the first known Buddhist writings of Sri Lanka, the Pāli Canon, dates back to the Fourth Buddhist Council in 29 BC. The country’s recent history has been marred by a thirty-year civil war which decisively ended when Sri Lankan military defeated Liberation Tigers of Tamil Eelam in 2009.

Sri Lanka is a republic and a unitary state governed by a presidential system. The legislative capital, Sri Jayawardenepura Kotte, is a suburb of the commercial capital, and largest city, of Colombo. It is also an important producer of tea, coffee, gemstones, coconuts, rubber, and the native cinnamon,  the island contains tropical forests and diverse landscapes with a high amount of biodiversity.

Economy in Sri Lanka

According to the International Monetary Fund, Sri Lanka has a yearly gross domestic output of US$71 billion as of 2014.

Sri Lanka Tea

It has a GDP of US$143 billion in terms of purchasing power parity. With a nominal value of US$3,385 and a PPP value of US$7,046, Sri Lanka is second only to the Maldives in the South Asian region in terms of per capita income. It recorded a GDP growth of 8.3% in 2011.

In the 19th and 20th centuries, Sri Lanka became a plantation economy, famous for its production and export of cinnamon, rubber and Ceylon tea, which remains a trademark national export.

The development of modern ports under British rule raised the strategic importance of the island as a centre of trade. From 1948 to 1977 socialism strongly influenced the government’s economic policies. Colonial plantations were dismantled, industries were nationalised and a welfare state established. In 1977 the Free market economy was introduced to the country, incorporating privatisation, deregulation and the promotion of private enterprise.

Sri Lanka Textiles

While the production and export of tea, rubber, coffee, sugar and other commodities remain important, industrialisation has increased the importance of food processing, textiles, telecommunications and finance.

The country’s main economic sectors are tourism, tea export, clothing, rice production and other agricultural products. In addition to these economic sectors, overseas employment, especially in the Middle East, contributes substantially in foreign exchange.

As of 2010, the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. The private sector accounts for 85% of the economy. India is Sri Lanka’s largest trading partner.

Sri Lanka is ranked 86 with an Economic Complexity Index (ECI) of -0.290676

Sri Lanka is the top exporter of Tea, Used Rubber Tires, and Cinnamon.

Top 5 Products exported by Sri Lanka

Tea (13%),

Non-Knit Women’s Suits (6.3%),

Other Women’s Undergarments (4.4%),

Non-Knit Men’s Suits (4.3%),

Knit Women’s Undergarments (4.2%)
Top 5 Export destinations of Sri Lanka
United States (21%),

United Kingdom (11%),

India (6.5%),

Germany (5.9%),

Italy(4.7%)

Top 5 Products imported by Sri Lanka
Refined Petroleum (12%),

Crude Petroleum (6.4%),

Light Rubberized Knitted Fabric(3.0%),

Cars (2.8%),

Delivery Trucks (2.6%)

Top 5 Import origins of Sri Lanka
India (20%),

China (14%),

Singapore (7.3%),

United Arab Emirates (6.7%),

Iran(3.3%)

Tourism in Sri Lanka

The booming Sri Lanka Tourism industry created history by achieving year 2014 arrivals target of 1.5 million tourists on yesterday, 28th December by welcoming the German couple Mr.Torrens Jaime and Mrs.Ciupika Hedwig who arrived at Bandaranaike International Airport via UL558 as the 1.5 millionth tourists to Sri Lanka in year 2014.

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The couple was given a warm welcome by the Managing Director of Sri Lanka Tourism Promotion Bureau Mr. Rumy Jauffer, Board of Directors of Sri Lanka Tourism Promotion Bureau , Industry Leaders and senior Staff of Sri Lanka Tourism Promotion Bureau at the Bandaranaike International Airport.

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A Special cultural dance performance was held at Bandaranaike International Airport to welcome the couple and Sri Lanka Tourism offered a special gift and a complimentary package to them to visit country’s tourism attractions. Mr. Torrens Jaime who happened to be an architect by profession and is a great admirer of late legendry Architect Mr.Geoffrey Bawa. The gentleman has much to speak about this legendary and has been moved so much to become an admirer of Sri Lanka with the influence of Mr.Bawa’s architecture.

To See

Kandy to see the Sri Dhalada Maligawa and Peradeniya Botanical Gardens. Also don’t miss out on the traditional Sri Lanka dance performance held every day at 17:00 in the city hall.Matale and climb the Sigiriya or Pidurangala Rock, see the ancient frescoes and enjoy a panoramic view of the area.Raththota, Matale and climb Riverstone, see the Mini Worlds’ End and directly travel to Wasgamuwa.

Anuradhapura and Polonnaruwa to see ancient temples, ruins which are very beautiful.

Nuwara Eliya to see beautiful villages which look like England. There are many tea estates and Hakgala botanical gardens too.

Unawatuna, Galle, Trincomalee (Nilaweli Beach), Pasikuda and north areas to see extremely beautiful beaches.

Mirissa and Kalpitiya and watch whales and dolphins with privately operated boat tours.

Jaffna to see the Portuguese built Fort (1618) it was later expanded by the Dutch (1795), Nallur Temple, Keerimalai natural fresh water pond just 10 feet from the sea and the islands in the Northern Province (Delft, Kayts, Leyden, Middlburg and many more) to see unexplored Sri Lanka.

Yala National Park, Wilpattu, Wasgamuwa for the best wildlife Safari experience. Udawalawe to see elephants and Kumana (Yala East) for birdwatching.

Kithulgala for white water rafting in the Keliniya River.
Dehiwala Zoo. Located in the Colombo district. It will take nearly 8 – 10 hours to view all the animals, Aquarium, butterfly park, elephant Show, sea lion show and the snake farm.Galle Face Terrace. It is located next to Colombo center and next to the old parliament complex on the Galle road near to the sea. Go to Independence square arcade, Colombo. Fine dining, entertainment and shopping for International brands.Floating market at the Bastian Mawatha (Close to Fort Railway Station), for local products shopping and dining on a floating restaurant.

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