Country eyeing higher levels of foreign investment across the economy
An infographic produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) charts Sri Lanka’s journey towards global integration and its efforts along the way to boost broader-based Foreign Direct Investment (FDI).
OBG’s infographics are essential, at-a-glance tools that provide readers and viewers with a facts-and-figures summary of a market’s latest economic development. Brief and to the point, they complement the in-depth, sector-by-sector coverage in OBG’s country reports.
Data shows that FDI into Sri Lanka increased more than three-fold in the decade to 2014, with infrastructure the top recipient.
OBG’s infographic noted tourism’s rising contribution to GDP, with foreign arrivals up 18% in 2015 and expected to more than double by 2020. It also highlighted the positive impact that strong tourism growth was having on real estate, especially hotel supply, with stock rising by 35.7% in the three years to 2014 and further luxury developments in the pipeline.
Sri Lanka’s strategic position on the main sea trade routes of Europe and Asia continues to give the country a competitive edge, OBG found, with the country set to build on its status as a shipping and trans-shipment hub. The infographic noted that export throughput rose by 29.8% in the five years to 2015.
Further analysis of the country’s economy is available in Oxford Business Group’s latest publication, The Report: Sri Lanka 2016. The report is a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It also contains interviews with leading representatives. The Report: Sri Lanka 2016 is available in print and online.
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.
The critically-acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.