Sri Lanka to 'comfortably exceed' 7.0% GDP growth this year

[kurup]

Congratulations Srilanka ...... keep growing .

 

[NGV-H]

Congratulations Srilanka ...... keep growing .

I just hope that they keep lowering the budget deficit as well!

 

[noname1]

Is a 140 dollar growth per person GDP all that impressive/

 

[NGV-H]

Is a 140 dollar growth per person GDP all that impressive/

PPP$6600-$6135= PPP$465 increase in 2013.

It grew $465 in one year per capita PPP-wise.

If you want to know if that's impressive, compare it to India. with predicted 4.7% growth its GDP per capita PPP will increase just $180.

 

[noname1]

PPP$6600-$6135= PPP$465 increase in 2013.

It grew $465 in one year per capita PPP-wise.

If you want to know if that's impressive, compare it to India. with predicted 4.7% growth its GDP per capita PPP will increase just $180.

The Gross Domestic Product per capita in Sri Lanka was last recorded at 1884.23 US dollars in 2012

 

[Gibbs]

The Gross Domestic Product per capita in Sri Lanka was last recorded at 1884.23 US dollars in 2012

GDP - per capita (PPP): $6,100 (2012 est.)
$5,800 (2011 est.)
$5,400 (2010 est.)
note: data are in 2012 US dollars

Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013


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Sri Lanka GDP - per capita (PPP)

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GDP - per capita (PPP): $6,100 (2012 est.)
$5,800 (2011 est.)
$5,400 (2010 est.)
note: data are in 2012 US dollars

Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013

Sri Lanka GDP - per capita (PPP) - Economy

Variable: Gross domestic product based on purchasing-power-parity (PPP) per capita GDP


Note: Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy.

 

[noname1]

GDP per captia (nominal) would be the actuall cash the average person in the given country has per year. It equals GDP / population. When converting the cash equivilant of some one in lets say India, If the average Indian makes Rs. 48,000 and the exchange rate is $1 = Rs. 48 then we would say that the nominal GDP per capita is $1000 in India



GDP per capita (PPP) takes into consideration that the money can buy a different amount of goods in each country. $100 in USA buys a lot less than the same $100 converted into Mexican Pesos and shopping in Mexico. Lets say a cup of Chai tea at a coffee shop in USA costs $4 but in India it costs Rs. 40 we can vagely say that the PPP exchange rate is 10:1. So if the nominal GDP per capita in India is $1000, then we would say that the PPP GDP per capita is $10000

 

[Armstrong]

Good Job & Good Luck !

 

[NGV-H]

The Gross Domestic Product per capita in Sri Lanka was last recorded at 1884.23 US dollars in 2012

Do you have a source? All sources (UN, IndexMundi, WorldBank, AsianDevelopmentBank) place nominal Sri Lankan GDP per capita above 3,000 nominally and around 6,000+ for PPP.

Sri Lanka:Report for Selected Countries and Subjects

India:Report for Selected Countries and Subjects


If you want to talk about nominal per capita GDP then it's an increase of $220 for Sri Lanka this year, compared to $75 for India.

No matter how you slice is, it's pretty impressive growth compared to the rest of South Asia, or any country for that matter.

EDIT: Oh I understand what you've done. Never use secondary information sources, always use primary information sources.

 

[vivINDIAN]

Thanks! I hear India is recovering well from the financial crisis, is this true?

it is still in ICU UPA is doing everything to save its face for next election '14...

 

[Skyline]

The Gross Domestic Product per capita in Sri Lanka was last recorded at 1884.23 US dollars in 2012

source ??

 

[NGV-H]

it is still in ICU UPA is doing everything to save its face for next election '14...

LOL! Election is good for this reason, at least they might get something done!

 

[JSCh]

Congratulation to Sri Lanka.

Look like Sri Lanka has found a good way to move forward. Once again prove that stability is beneficial to everyone.

 

[pathum1986]

 

[Indian-Lion]

Well done