71207 v2 Sri Lanka: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $31,014 $1,540 0.06% $1,044 1948 1995 6 0 Sri Lanka TRADE PERFORMANCE ‡ SAS Ranking Decile TP Lower mid inc TRADE POLICY (TP) (out of 125) 76 7 EXTERNAL ENVIRONMENT (EE) (out of 126) 12 1 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 102 6 TRADE FACILITATION (TF) (out of 151) 92 7 TRADE OUTCOME (TO) (out of 161) 113 8 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 7.4 6.8 6.8 * TTRI (applied tariffs including preferences) & .. 6.6 6.2 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 6.6 6.3 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 20.9 9.9 11.6 11.4 * Applied Dispersion (coefficient of variation) 2.3 1.4 1.4 1.3 * tariff (wgt avg) Maximum rate 3000.0 383.6 436.5 369.2 * Agriculture - simple avg (%) 39.5 22.8 26.9 26.8 * Import Nonagriculture - simple avg (%) 18.1 7.9 9.3 9.1 * duties MFN applied tariff - trade weighted avg (%) 26.1 6.9 9.3 9.5 * MFN zero-duty imports (% in total imports) 3.2 45.2 37.2 .. Applied tariff (incl. prefs.) - trade weighted avg (%) 26.0 6.7 9.3 9.5 * Nontariff measures Agriculture 53.8 18.4 22.6 23.4 * Nonagriculture 21.2 5.0 6.8 6.8 * 0 10 20 30 Applied tariff (incl. prefs.) - production weighted avg (%) .. 13.9 16.3 * SAS Lower mid inc Sri Lanka Applied tariff (incl. prefs.) escalation (finished% minus raw%) -1.4 1.2 1.1 * Agriculture .. 3.8 14.0 12.9 * Nonagriculture .. 3.4 4.9 4.8 * Import duties (% of imports) 6.9 4.3 4.4 4.4 * Services commit. Tariff overhang (MFN bound less MFN applied rate,%) 7.3 18.3 14.9 15.1 * Bound tariff frequency ratio (% of total lines) .. 35.3 36.3 37.8 * Specific tariffs frequency ratio (%) 0.1 0.2 1.5 1.7 * 0 40 80 Non-tariff measures frequency ratio (%) .. .. .. .. SAS Lower mid inc Sri Lanka Overall GATS commitment index (0-100, best) .. 5.6 5.6 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 6.6 6.3 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 23.9 19.8 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 9.0 8.8 6.4 5.3 * MFN duty free Agriculture 7.0 8.1 5.8 4.3 * (exports) Nonagriculture 9.2 8.9 6.5 5.5 * MFN zero-duty exports (% of total exports) 15.8 14.1 21.0 22.1 * Value of prefer Exports with FTA / CU partners (% of total exports) 0.0 7.0 9.1 .. Preferences (EU+U.S.) utilization rate (%) .. .. 82.1 64.6 * 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. 3.2 2.6 * SAS Lower mid inc Sri Lanka Real effective exchange rate (% change,+ =apprec.) .. .. .. .. ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Sri Lanka Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 103 102 Starting a business (rank) .. .. 29 29 Enforcing contracts (rank) .. .. 134 29 Ease of Doing Closing a business (rank) .. 42 135 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) -0.37 -0.31 -0.29 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 0.01 0.08 0.06 .. SAS Lower mid inc Sri Lanka WGI - Control of Corruption (-2.5 to +2.5, best) -0.14 -0.13 -0.13 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 2.4 2.4 * Efficiency of customs and other border procedures .. .. 2.3 2.3 * Logistic Index Quality of transport and IT infrastructures .. .. 2.1 2.1 * International transportation costs .. .. 2.3 2.3 * Logistics competence .. .. 2.5 2.5 * Trading Trackability of shipments .. .. 2.6 2.6 * Across Borders Domestic transportation costs .. .. 3.1 3.1 * Timeliness of shipment .. .. 2.7 2.7 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 60 66 No. of documents required for exports .. .. 7 8 No. of days process required for exports .. .. 6 6 Telephones Cost to export (US$ per container) .. .. 801 865 per 100 No. of documents required for imports .. .. 10 6 No. of days process required for imports .. .. 25 20 Secondary Cost to import (US$ per container) .. .. 807 895 enrollment Liner shipping connectivity index (0-100 best) .. .. 35.1 42.4 Telephones and mobiles per 100 people 2.8 10.5 38.0 53.8 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 4.7 2.5 .. .. SAS Lower mid inc Sri Lanka Internet usage (per 100 people) 0.2 1.1 2.7 3.9 * Secondary gross school enrollment (%) .. 86.4 .. .. * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 5.7 6.8 5.0 4.5 16 14 14.4 Exports 4.7 6.4 5.4 5.2 12 10 10.1 Imports 6.6 7.2 5.5 4.0 9.7 8.9 8 7.7 6.8 Other trade outcome indicators 6 6.8 6.1 5.7 5.0 4.9 4.5 4 Trade integration (trade as % of GDP) 79.5 80.8 71.7 62.3 2 FDI inflow (% of GDP) 1.3 1.1 1.5 1.5 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) -0.1 -3.3 -4.5 -1.7 Trade Growth Rate Exports 1.2 -3.6 -5.9 -5.0 Sri Lanka SAS Lower mid inc Imports -1.2 -3.0 -3.4 0.7 Merchandise share in total exports (%) 83.5 79.9 80.8 82.2 Exports Share (2005-07) Agriculture 19.1 18.0 19.5 .. Manufacturing 62.3 58.7 56.5 .. Service, Agric, 19.2 19.5 Mining, fuel and others 1.3 1.9 4.5 .. Service share in total exports (%) 16.5 20.1 19.2 17.8 Mining, Tourism 4.2 5.4 5.1 4.8 * 4.5 Transportation 7.1 7.7 8.7 8.8 * Other services 5.2 7.0 5.5 5.5 * Export product concentration index (0 to 100, highest) 23.1 23.8 22.0 22.3 * Manuf, Export market concentration index (0 to 100, highest) 43.2 41.1 37.0 .. 56.5 Top 5 exports share (% of merchandise exports) .. .. .. .. Top 5 exports (SITC Rev. 2; 3 digit) 0.0 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.