Exports of Services (BoP, USD) rose 8.71% to USD 7.76 bil in Sri Lanka in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Sri Lanka | May 17, 2019
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Exports of services as a part of balance of payment reached 7.14 USD bil in 2016 in Sri Lanka, according to the National Statistical Office. This is 8.01 % less than in the previous year.

Historically, exports of services as a part of balance of payment in Sri Lanka reached an all time high of 7.76 USD bil in 2017 and an all time low of 0.073 USD bil in 1976. When compared to Sri Lanka's main peers, exports of services as a part of balance of payment in India amounted to 162 USD bil, 35.6 USD bil in Malaysia, 2.89 USD bil in Maldives and 3.80 USD bil in Myanmar in 2016.

Sri Lanka has been ranked 66th within the group of 162 countries we follow in terms of exports of services as a part of balance of payment, 19 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bangladesh USD bil 2.45 2.69 3.00 3.13 3.23
Cambodia USD bil 2.73 3.19 3.49 3.81 3.95
China USD bil 201 202 207 219 217
India USD bil 139 146 149 157 156
Indonesia USD bil 21.9 23.7 22.9 23.5 22.2
Laos USD bil 0.550 0.646 0.783 0.764 0.844
Malaysia USD bil 38.8 40.6 42.1 42.1 34.9
Maldives USD bil 2.10 2.17 2.58 3.00 2.91
Myanmar USD bil 0.758 1.23 2.75 3.13 3.78
Pakistan USD bil 5.11 6.58 4.93 5.82 5.90
Singapore USD bil 120 130 143 156 156
Sri Lanka USD bil 3.08 3.80 4.69 5.60 6.40
Thailand USD bil 41.5 49.7 58.8 55.5 61.8
Vietnam USD bil 8.88 9.62 10.7 11.0 11.2