Diplomatic representation from the US: chief of mission: Ambassador Shaun E. DONNELLY embassy: 210 Galle Road, Colombo 3 mailing address: P. O. Box 106, Colombo telephone: (1) 448007 FAX: (1) 437345, 446013
Flag description: yellow with two panels; the smaller hoist-side panel has two equal vertical bands of green (hoist side) and orange; the other panel is a large dark red rectangle with a yellow lion holding a sword, and there is a yellow bo leaf in each corner; the yellow field appears as a border that goes around the entire flag and extends between the two panels
@Sri Lanka:Economy
Economy - overview: In 1977, Colombo abandoned statist economic policies and its import substitution trade policy for market-oriented policies and export-oriented trade. Sri Lanka's most dynamic industries now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. By 1996 plantation crops made up only 20% of exports (compared with 93% in 1970), while textiles and garments accounted for 63%. GDP grew at an annual average rate of 5.5% throughout the 1990s until a drought and a deteriorating security situation lowered growth to 3.8% in 1996. The economy rebounded in 1997-98 with growth of 6.4% and 4.7% - but slowed to 3.7% in 1999. For the next round of reforms, the central bank of Sri Lanka recommends that Colombo expand market mechanisms in nonplantation agriculture, dismantle the government's monopoly on wheat imports, and promote more competition in the financial sector. A continuing cloud over the economy is the fighting between the Sinhalese and the minority Tamils, which has cost 50,000 lives in the past 15 years.
GDP: purchasing power parity - $50.5 billion (1999 est.)
GDP - real growth rate: 3.7% (1999 est.)
GDP - per capita: purchasing power parity - $2,600 (1999 est.)
GDP - composition by sector: agriculture: 21% industry: 19% services: 60% (1998)
Population below poverty line: 22% (1997 est.)
Household income or consumption by percentage share: lowest 10%: 1.8% highest 10%: 39.7% (1995-96 est.)