Sri Lanka [+]Compare [E]dit [H]istory

Aliases: Democratic Socialist Republic of Sri Lanka, Serendib, Shri Lanka Prajatantrika Samajavadi Janarajaya/Ilankai Jananayaka Choshalichak Kutiyarachu, Shri Lanka/Ilankai

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Object «Sri Lanka» has attributes

Attribute Value
Geography
Area 65,610 km²
Continent Asia
Land area 64,630 km²
Water area 980 km²
Land boundaries 0 km
Border countries Add
Coastline 1,340 km
Mean elevation 228 m
Lowest point 0 m
Highest point 2,524 m
People
Population 22,889,201
Official languages
  • Sinhala
  • Tamil
Religion Buddhist
Government
Long country name Democratic Socialist Republic of Sri Lanka
Short country name Sri Lanka
Long local name Shri Lanka Prajatantrika Samajavadi Janarajaya/Ilankai Jananayaka Choshalichak Kutiyarachu
Short local name Shri Lanka/Ilankai
Former name
  • Ceylon
  • Serendib
Government type Presidential republic
Capital Colombo
Economy
GDP (PPP) 275,800,000,000 USD
GDP (OER) 87,350,000,000 USD
GDP (real growth rate) 3.3 %
GDP - per capita (PPP) 12,900 USD
Gross national saving 33.8 % of GDP
Labor force 8,937,000
Unemployment rate 4.4 %
Population below poverty line 6.7 %
Budget revenues 12,070,000,000 USD
Budget expenditures 16,880,000,000 USD
Military expenditures 1.89 % of GDP
Taxes and other revenues 13.8 % of GDP
Budget surplus or deficit -5.5 % of GDP
Public debt 79.1 % of GDP
Inflation rate 6.5 %
Central bank discount rate 7.25 %
Commercial bank prime lending rate 11.6 %
Stock of narrow money 5,190,000,000 USD
Stock of broad money 5,190,000,000 USD
Stock of domestic credit 53,530,000,000 USD
Market value of publicly traded shares 18,900,000,000 USD
Current account balance -2,310,000,000 USD
Exports 11,360,000,000 USD
Imports 20,980,000,000 USD
Reserves of foreign exchange and gold 7,959,000,000 USD
External debt 51,720,000,000 USD
National currency Sri Lankan rupees
National currency (code) LKR
National currency (symbol)
National currency rate to USD 154.1

The first Sinhalese arrived in Sri Lanka late in the 6th century B.C., probably from northern India. Buddhism was introduced circa 250 B.C., and the first kingdoms developed at the cities of Anuradhapura (from circa 200 B.C. to circa A.D. 1000) and Polonnaruwa (from about 1070 to 1200). In the 14th century, a south Indian dynasty established a Tamil kingdom in northern Sri Lanka. The Portuguese controlled the coastal areas of the island in the 16th century followed by the Dutch in the 17th century. 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; its name was changed to Sri Lanka in 1972. Prevailing tensions between the Sinhalese majority and Tamil separatists erupted into war in July 1983. Fighting between the government and Liberation Tigers of Tamil Eelam (LTTE) continued for over a quarter century. Although Norway brokered peace negotiations that led to a ceasefire in 2002, the fighting slowly resumed and was again in full force by 2006. The government defeated the LTTE in May 2009. During the post-conflict years under President Mahinda RAJAPAKSA, the government initiated infrastructure development projects, many of which were financed by loans from China. His regime faced significant allegations of human rights violations and a shrinking democratic space for civil society.  In 2015, a new coalition government headed by President Maithripala SIRISENA of the Sri Lanka Freedom Party and Prime Minister Ranil WICKREMESINGHE of the United National Party came to power with pledges to advance economic, governance, anti-corruption, reconciliation, justice, and accountability reforms. However, implementation of these reforms has been uneven. In October 2018, President SIRISENA attempted to oust Prime Minister WICKREMESINGHE, swearing in former President RAJAPAKSA as the new prime minister and issuing an order to dissolve the parliament and hold elections. This sparked a seven-week constitutional crisis that ended when the Supreme Court ruled SIRISENA’s actions unconstitutional, RAJAPAKSA resigned, and WICKREMESINGHE was reinstated.

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