5 National Accounting of Sri Lanka Cover all economic activitiesData are collected from about 250 institutions (as a sample) so as to represent all above economic activitiesUse 1993 SNA guidelines in the estimation processData are analyzed by using a computer system
6 National Accounting of Sri Lanka Five statisticians and fifteen statistical officers are engaged in the compilation process of national accounts estimatesSri Lanka is one of countries which collects quarterly data and compile quarterly national accounts estimatesQuarterly national accounts estimates are derived by using the indicator method in other countries
7 National Accounting of Sri Lanka Advance Data Release Calendar is published in the department web site.GDP estimates are released during the 75 days time lag of each quarterEstimation procedure is consisted by several rounds and press notes prepared in these stages should not be considered as final one until Director General of DCS release the final press note to the web
8 National Accounting of Sri Lanka Estimation procedureData collection starts in the first week of next quarterEstimation procedure is supervised by the statisticians and estimates can be revisedSeparate Internal discussions for different economic activitiesTwo discussions of statisticiansTwo discussions with director of National Accounts DivisionA discussion with Additional Director GeneralFinal discussion with Director General
9 National Accounting of Sri Lanka Director General is the authorized person to release all indicators produced by the departmentThe previous draft documents prepared in different stages should not be considered as final report
10 Responsibility of National Accounting for Sri Lanka DCS started national accounting in 1948 and continuedBoth institutions, DCS and Central Bank of Sri Lanka compiled national accounts estimates up to 2007.Sole responsibility of national accounting was given to the DCS from 2007.
11 International Standard of Industrial Classification(ISIC) is used Economic activities of Sri Lankan economyInternational Standard of Industrial Classification(ISIC) is usedAgriculture Forestry and FishingIndustryServices
12 Main economic activities of Sri Lankan economy Agriculture, forestry and FishingagricultureLivestockForestry and FishingIndustryMining and quarryingManufacturingElectricity, Gas and WaterConstructionServicesWholesale and retail tradeHotels and restaurantප්transport and communicationBanking Insurance and Real estateOwnership of DwellingsGovernment servicesPrivate services
14 Quarterly economic growth rates In the year 2009 economic growth rate has gone down to 3.5 percent level mainly due to world economic slowdownAfter the end of the war economic growth rate exceeds 8.0 percent (2010 and 2011)It fluctuates around 7 percent in recent quarters
16 Trends of Paddy production Million BusalsSource- Department of Census and Statistics
17 Paddy production in Northern and Eastern provinces Million BusalsSource- Department of Census and Statistics
18 Trends of Paddy production Paddy production has increased from 2005Harvested area has increased from 1.4 Acre Mn to 1.8 Acre MnAverage yield has increased from 77 Busals to 90 busalsGovernment interventionIncrease paddy pricesFertilizer subsidyExpansion of irrigation schemes
19 Trends of Tea production මෙට්රක් ටොන් දහස්වර්ෂයsource- ශ්රSrilanka Tea Board@ estimated figure.
20 Trends of Tea production A positive trend of tea production from 2005Although demand for tea has decreased due to world economic slowdown in the year 2009, it recoverd from 2010
21 Maize production මෙ.ටො. දහස් Source- Department of Census and Statistics
22 Source- Department of Census and Statistics Livestock and animal production Department
23 Source- Department of Census and Statistics වර්ෂයSource- Department of Census and Statistics
24 Source- Department of Census and Statistics වර්ෂයSource- Department of Census and Statistics
25 Production of MilkMilk production in Northern and Eastern provinces increased after the end of the war.
27 “Textile and Garments” to Total Export Earnings is more than 50%. Source :-Sri Lanka Customs“Industrial Export Earnings” to Total Export Earnings is more than 75%.“Textile and Garments” to Total Export Earnings is more than 50%.
34 Directs and indirect effects of increase in cement supply to the economy To increase output of construction sectorTo expand other cement related industriesTo develop infrastructureTo increase capital formation or gross investment
37 Government Expenditure Source: Government Budget, Department of estate accounts
38 Government Expenditure Both current and capital expenditure increased continuouslyGDP increases directly when government expenditure increases according to Keynesian identity(Y = C + I + G + X – M), GPurchasing power of Household increses due to increase of GDPInvestment and capital stock increase due to increase of capital expenditureIncreased capital stock lead to increase future productionY=GDP, C=Private Consumption, I=Investment, G=Government Expenditure, X-M=net exports
40 Tourist arrivalsSource: Sri Lanka Tourism Development Authority
41 Effects of increase of tourist arrivals Increase of output of hotels and restaurant sectorExpansion of services activities such as transport and telecommunicationEven though tourist arrivals increased, Income of star hotels remains same or can be decreased. This is mainly due to tendency to use unregistered accommodation and other services.
46 Exports Source- Sri Lanka Customs Increased export income since 2006, shows us that the production of related goods has also increased during the last few yearsExport income of the year 2009 has gone down as a result of world economic slowdown
47 Imports Source- Sri Lanka Customs Import of intermediate goods and investment goods has increased than consumer goods from 2006As intermediate and investment goods are used in the production of goods and services it was a favorable factor to the economic growth of the country
48 VAT income from wholesale and Retail trade activities Rs.MnSource- Department of Inland revenueVAT income from wholesale and Retail trade has increased repidly and it shows the expansion of trade activities and consumption
49 Turnover of Wholesale and Retail trade sector Source- Department of Census and Statistics
50 VAT income from wholesale and Retail trade activities Profit and salaries & wages of financial institutions has increased continuously from 2005 by showing increased demand for monetary intermediation