Economy bounces back to record 5.7% growth, highest in over two years

[janith pasindu]

Good for India, South Asian Region is now the 2nd fastest growing region in the World

 

[Gibbs]

@Saradiel .. You need to check this tragi comic out bro.. I think it's P B Jayasundera incognito..

 

[kaykay]

Indian GDP (October 2014) according to IMF:
2.047 Trillion USD.
Report for Selected Countries and Subjects

 

[ni8mare]

Indian GDP (October 2014) according to IMF:
2.047 Trillion USD.
Report for Selected Countries and Subjects

hey i think they revised it ....because earlier they were showing this

 

[key-CN]

Sri Lanka 's location is very good，Likely to become the center of South Asia.South Asia 's logistics center turnover，Tourism Centre.
Asia's largest gem market.Look forward to the future of Sri Lanka 's .

 

[kaykay]

hey i think they revised it ....because earlier they were showing thisView attachment 118198

Well IMF release 2 reports every year( in April and October).
According to April report, Indian GDP was 1.995 Trillion(Its considered final report of 13-14 financial year). Now according to October report, Its 2.047 trillion dollar( which is half way of current 14-15 financial year).

 

[Nova2]

Wow, thanks for showing me that impressive GDP Growth Rates of SL, Which is highest in the South Asian Region and the Highest in whole Asia after China..

looks like someone cant even figure out between Quaterly growth rates of his country.

Those are "ANNUAL GDP GROWTH RATES", what I am talking about Nominal GDP,

that is i am talking about as well from the very first post that i quote of yours. you have given a FALSE projection of growth rates of ur country,you talk abt infriority complex of others,i wonder why u hv to cook you own estimates,infriority complex?

SL manage to maintain inflation at a single digit less than 6% for past 5 years.

here you go again infriority complex in action
sri lanka's october 2013 inflation rate was at 6.7% ,maybe its been 5yrs since 2013

here you figures from IMF ,sri lankas inflation in 2012 @ 6.9%
Economy of Sri Lanka - Wikipedia, the free encyclopedia
For gods sake stop faking facts man

 

[janith pasindu]

looks like someone cant even figure out between Quaterly growth rates of his country.


that is i am talking about as well from the very first post that i quote of yours. you have given a FALSE projection of growth rates of ur country,you talk abt infriority complex of others,i wonder why u hv to cook you own estimates,infriority complex?


here you go again infriority complex in action
sri lanka's october 2013 inflation rate was at 6.7% ,maybe its been 5yrs since 2013
View attachment 118837
here you figures from IMF ,sri lankas inflation in 2012 @ 6.9%

For gods sake stop faking facts man

Oh my poor, looks like you someone's butt hurt, now, this guy so much hurt now looking any simple mistakes LMAFO, such as figures which were changed just by 0.9% or 0.7%, Still inflation rate is among the best lol. India's inflation rate was at 10.9% for 2013 and still arguing about a country which manage Inflation rates at a minimum level and a growth rate among best in the world.. yup my sympathy towards you...Burn on jealousy

When I said SL hit 77 mark by 2014 and so on looks like many got butt hurt, wonder why???

 

[Nova2]

Oh my poor, looks like you someone's butt hurt, now, this guy so much hurt now looking any simple mistakes LMAFO, such as figures which were changed just by 0.9% or 0.7%, Still inflation rate is among the best lol. India's inflation rate was at 10.9% for 2013

looks someones run out of agrgument because his SMALL mistakes hv been correct aka refuted now all of a sudden India comes into the picture haha carry on dear with ur small mistakes
Small mistakes they are indeed soo small

FYI Sri Lanka inflation rate currently stands at 3.5% and SL manage to maintain inflation at a single digit less than 6% for past 5 years.

Since 2009, SL GDP rising 15% YoY... that is what i mentioned, and that is exact same thing in the unstopable sl 2020 stratergy,

Sri Lanka with just 20 million people (Close to Population of Australia) has GDP worth of $77 Billion for 2014,

Estimated figure for 2014 is $70bill

with the expected GDP per capita will rise $3800+ by this year,

$3,300 is the projected figure for 2014 FY.

and $7000 Mark by 2019

$5139 is the estimated figure for sri lankas per capita in 2019.

GDP will rise as estimated figures
$88 Billion by 2015
$101 Billion by 2016
$116 Billion by 2017
$133 Billion by 2018
$153 Billion by 2019
$175 Billion by 2020

2014-$70~$71.5 bill
2015-$78.4 bill
2016-$85.6 bill
2017-$93.5 bill
2018-$102.1 bill
2019-$111.4 bill

$200+ Billion by 2021 Doubling GDP less than 5 years

If SL economy is estimated to be $111 billion in 2019 i wonder how would it climb to $200 bill by 2021

and reaching $15000quote per capita by 2021

Gdp per capit in 2019 is $5139 , $15K by 2021 is not happening. Dont mix up GDP(PPP) & GDP (nominal).

These projections are from IMF ,could you provide the source from where you got those no's???

SL manage to maintain inflation at a single digit less than 6% for past 5 years.

here you go again infriority complex in action
sri lanka's october 2013 inflation rate was at 6.7% ,maybe its been 5yrs since 2013
View attachment 118837
here you figures from IMF ,sri lankas inflation in 2012 @ 6.9%
Economy of Sri Lanka - Wikipedia, the free encyclopedia
Butt hurt?? I wonder who ws butt hurt to give the Indians a reality check with small mistakes I still dont understand why you hv to lie when ur economy's doing so well, and dont bring in ESTIMATES ,no body gives a damn abt any estimates be it from any reputed agency. IMF and others has failed many a time with its so called estimates . Talk abt SL present economy which is doing too good,which you should be proud of cut the estimate crap,and stick to the topic, PEACE ! this ws my last quote to you ,wana continue wid ur SMALL mistakes aka lies ,carry on dude i am outta here.

 

[janith pasindu]

looks someones run out of agrgument because his SMALL mistakes hv been correct aka refuted now all of a sudden India comes into the picture haha carry on dear with ur small mistakes
Small mistakes they are indeed soo small


Estimated figure for 2014 is $70bill

$3,300 is the projected figure for 2014 FY.

$5139 is the estimated figure for sri lankas per capita in 2019.


2014-$70~$71.5 bill
2015-$78.4 bill
2016-$85.6 bill
2017-$93.5 bill
2018-$102.1 bill
2019-$111.4 bill

Current GDP Per Capita for SL is $3279.89 (2013), enlighten me how the hell it could get to $3300 by 2014 even after GDP is growing on this year 7.8% .. ??????????????

oh I thought you are much smarter than this, even a kid would know better than this
Guess what I will return to this same page to show who become dumb freak today mate. Please accept my challenge, SL GDP gonna hit $77 Billion and GDP Per Capita gonna be $3800+ for 2014.

2014 $77 Bill
2015 $88 Bill
2016 $101Bill

will you accept my challenge brainy??? if you dare until then.....

Public Investment Strategy for 2014-2016
By Jithendra Antonio
Sri Lanka's Ministry of Finance and Planning last week released the government's Public Investment Strategy for 2014-2016 titled 'Unstoppable Sri Lanka 2020'.
The strategy formulated by the government outlines that Sri Lanka intends to become a US $ 100 billion economy by 2016 and a US $ 185 billion economy by 2020. The government aims to increase the Per Capita Income from US $ 4,470 by 2016 and to US $ 8,500 by 2020.
The plan also outlines that an Inflation target of 4% is expected by 2016 while it will be further reduced to 3% by 2020.
The country aims to reach an export target of US $ 18 billion by 2016 and a US $ 20 billion target by 2020 while earnings from the tourism industry is expected to be US $ 2.65 billion by 2016 and US $ 5 billion by 2020. The Government also aims to increase country's trade turnover to be US $ 44.1 billion by 2016 and to US $ 50 billion by 2020.
Sri Lanka also targets over US $ 10 billion from remittances by 2016 and US $ 16 billion by 2020.
The country's Services sector will be further enhanced to reach a target of US $ 2.6 billion by 2016 and to earn nearly US $ 4.6 billion by 2020.
The government aims to reduce unemployment to 3.2% by 2016 and 3% by 2020 and to increase the literacy and computer literacy rate to 99% and 75% by 2016 and to increase both rates to 100% by 2020. It is expected to increase women's involvement in the labour force of the country to 40% by 2016 and to 50% by 2020 while reducing poverty headcount to 2.3% by 2016 and to 2% by 2020.
While economic stability during 2010-2013 has given encouraging signals to the country to embrace a fresh approach, Public Investment Strategy for 2014-2016 has, therefore, been articulated to sustain the growth path while meeting new challenges.
Several sectoral investment strategic directions will be executed during 2014-2016 in the areas of social protection, regional development, agriculture, irrigation, animal husbandry, water supply, climate, forestry and wildlife, education, skills development, health, sports, power and energy, industries, tourism, plantation, roads and highways, ports and aviation, transport, urban development and housing.
Plans also outline the coastal zone, offshore and deep sea areas which are vital in the fields of fisheries and tourism, and the State is now exploring new avenues with the exploration of oil and gas, marine minerals and archaeological sites as emerging deep sea economic activities.
The coastal zone which is 25% of the total area of the country, houses one third of the population and two thirds of all industrial facilities. It is also the home to over 80% of tourism infrastructure.
The Government's target is to increase revenue from Ports to over US $ 1 billion by 2020 and to handle over 200 million tonnes of cargo while increasing the port related investments that would propel Sri Lanka to become a shipping economy. Several steps will be taken such as adding another 2.4 million TEUs to the handling capacity by completing the Eastern Terminal of the Colombo Port and setting up industrial zones specialised in heavy industries around two regional ports such as Galle, Trincomalee, Kankesanthurai and Oluvil.
The Hambantota Port is expected to be further developed as an industrial port to handle bulk cargo. The maritime route where Sri Lanka is positioned is used by over 36,000 ships annually and country's six ports handle over 4.3 million TEUs (Twenty Foot Equivalent Units) per annum out of which 75% is transshipment cargo. Colombo Port alone hands 15% of South Asia's trans-shipments.
Sri Lanka has identified 15 exploration sites for offshore oil exploration including nine blocks in Mannar Basin (one already awarded to Cairn Lanka), five blocks in Cauvery Basin and one block in the Southern Coast.
Accordingly 13 blocks will be offered in Mannar and Cauvery basins to international oil and gas exploration companies. A further six demarcated ultra-deep water blocks all around Sri Lanka will be offered on a joint study basis to determine the hydrocarbon potential though it will not carry any production sharing commitment.
Potential gas discoveries made by Cairn Lanka had been negotiated with other stakeholders including CEB and CPC on the modalities of production, and gas pricing mechanisms seeking possibilities of adding Sri Lanka owned gas in the power generation mix.
With the Public Investment Strategy for 2014-2016 the government aims to ensure a wholesome and inclusive society where every person enjoys the economic and social benefits that will accrue with growth.

 

[Nova2]

Current GDP Per Capita for SL is $3279.89 (2013), enlighten me how the hell it could get to $3300 by 2014 even after GDP is growing on this year 7.8% .. ??????????????

$3.3K figure was in response to this msg of yours..

Sri Lanka with just 20 million people (Close to Population of Australia) has GDP worth of $77 Billion for 2014, with the expected GDP per capita will rise $3800+ by this year, and $7000 Mark by 2019

$200+ Billion by 2021 Doubling GDP less than 5 years and reaching $15000 per capita by 2021 to become high income country. and from their marching forward to becoming first advanced economy in the region

that was a rough figure ,precise figure for which was $3385 in '14 ,
Sri Lanka - Wikipedia, the free encyclopedia
Which now has been revised to $3414 for '14, with gdp of 2013 marked @ $3204 by IMF, and not $3279 as stated by you.
List of IMF ranked countries by past and projected GDP (nominal) - Wikipedia, the free encyclopedia
i wish you could even quote ur post for which the reply ws given

oh I thought you are much smarter than this, even a kid would know better than this

Fellings are mutual ,thought the same about you,but your fake statistics Oops i mean SMALL mistakes proved me wrong

Public Investment Strategy for 2014-2016
By Jithendra Antonio
Sri Lanka's Ministry of Finance and Planning last week released the government's Public Investment Strategy for 2014-2016 titled 'Unstoppable Sri Lanka 2020'.
The strategy formulated by the government outlines that Sri Lanka intends to become a US $ 100 billion economy by 2016 and a US $ 185 billion economy by 2020. The government aims to increase the Per Capita Income from US $ 4,470 by 2016 and to US $ 8,500 by 2020.

Good to see that they have a visionary target untill 2020, though every country makes a visionary economic plan but the magical thing is its implementation and acheiving the targets they hv set. How positive this vision turns out to be would fr sure be known by 2016.

Guess what I will return to this same page to show who become dumb freak today mate. Please accept my challenge, SL GDP gonna hit $77 Billion and GDP Per Capita gonna be $3800+ for 2014.


will you accept my challenge brainy??? if you dare until then.....

Revenge of the fallen all right mister Economist challange accepted. just remember the figures ,i hope you would not term them as SMALL mistakes again now knock at my door in April 2015 when the report is out ,by IMF ,untill then

 

[Saradiel]

Oh my poor, looks like you someone's butt hurt, now, this guy so much hurt now looking any simple mistakes LMAFO, such as figures which were changed just by 0.9% or 0.7%, Still inflation rate is among the best lol. India's inflation rate was at 10.9% for 2013 and still arguing about a country which manage Inflation rates at a minimum level and a growth rate among best in the world.. yup my sympathy towards you...Burn on jealousy

When I said SL hit 77 mark by 2014 and so on looks like many got butt hurt, wonder why???

Actually SL's inflation rate is double digit. One of the biggest disasters done by a politicised central bank in SL is changing statistics to deceive the public. Cabraal is a politician. Do not trust the data published by Central bank.
The way these fellows calculate inflation is wrong. SL's real inflation is much higher than what is in India.

There are many issues in economy handling in SL. We are certianly not in a position to point at india.

 

[janith pasindu]

@Nova2 .. Kiddo who are you trying to make fool????????????

when the official figures for 2013 has been officially released by Central Bank of SL and World Bank why you bringing Estimates.. are you a kid??? Is Wikipedia your reliable source??

According to central Bank of Sri Lanka Official Data and World Bank Official data SL GDP Per Capita for 2013 is $3289.89 while GDP remains at $67.18 Billion. These are the Official figures.

Kiddo grow up lol