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Sri Lanka

Country Summary

2023 population pyramid

Introduction

Background

The first Sinhalese arrived in Sri Lanka late in the 6th century B.C., probably from northern India. The island was ceded to the British in 1796, became a crown colony in 1802, and was formally united under British rule by 1815. As Ceylon, it became independent in 1948; the name was changed to Sri Lanka in 1972.

Geography

Area

total : 65,610 sq km
land: 64,630 sq km
water: 980 sq km

Climate

tropical monsoon; northeast monsoon (December to March); southwest monsoon (June to October)

Natural resources

limestone, graphite, mineral sands, gems, phosphates, clay, hydropower, arable land

People and Society

Population

total: 21,982,608

Ethnic groups

Sinhalese 74.9%, Sri Lankan Tamil 11.2%, Sri Lankan Moors 9.2%, Indian Tamil 4.2%, other 0.5% (2012 est.)

Languages

Sinhala (official) 87%, Tamil (official) 28.5%, English 23.8% (2012 est.)

Religions

Buddhist (official) 70.2%, Hindu 12.6%, Muslim 9.7%, Roman Catholic 6.1%, other Christian 1.3%, other 0.05% (2012 est.)

Population growth rate

0.39% (2024 est.)

Government

Government type

presidential republic

Capital

name: Colombo (commercial capital); Sri Jayewardenepura Kotte (legislative capital)

Executive branch

chief of state: President Ranil WICKREMESINGHE (since 20 July 2022)
head of government: President Ranil WICKREMESINGHE (since 20 July 2022)

Legislative branch

summary: unicameral Parliament (225 seats)

Diplomatic representation in the US

chief of mission: Ambassador Mahinda SAMARASINGHE (since 13 January 2022)

Diplomatic representation from the US

chief of mission: Ambassador Julie J. CHUNG (since 17 February 2022)

Economy

Economic overview

economic contraction in 2022-23 marked by increased poverty and significant inflation; IMF two-year debt relief program following 2022 sovereign default; structural challenges from non-diversified economy and rigid labor laws; heavy dependence on tourism receipts and remittances

Real GDP (purchasing power parity)

$287.132 billion (2023 est.)
$293.885 billion (2022 est.)
$317.188 billion (2021 est.)

Real GDP per capita

$13,000 (2023 est.)
$13,200 (2022 est.)
$14,300 (2021 est.)

Exports

$17.327 billion (2023 est.)
$16.169 billion (2022 est.)
$14.974 billion (2021 est.)

Exports - partners

US 24%, India 8%, UK 7%, Germany 6%, Italy 4% (2022)

Exports - commodities

garments, tea, used rubber tires, rubber products, precious stones (2022)

Imports

$18.823 billion (2023 est.)
$19.244 billion (2022 est.)
$21.526 billion (2021 est.)

Imports - partners

India 34%, China 19%, UAE 5%, Malaysia 4%, Singapore 4% (2022)

Imports - commodities

refined petroleum, fabric, ships, cotton fabric, synthetic fabric (2022)


Page last updated: Tuesday, September 17, 2024