Culture of Sri Lanka has been influenced by many factors but has managed to retain much of its ancient.

The country has a rich artistic tradition, embracing the fine arts, including music, dance, and visual arts. Sri Lankan lifestyle is reflected in the cuisine, festivals, and sports.

In 2001, Sri Lanka faced bankruptcy, with debt reaching 101% of GDP. In 2002 the country saw a gradual growth. total FDI inflows was 246$million. However the resumption in civil war in 2005 lead to heavy defense expenditure. By 2009 the economy started to grow at a rate of 8%. As economy worth $64 billion(2012) and a per capita GDP of about $7900 , Sri Lanka has mostly had strong growth rates in recent years. In GDP per capita terms, it is ahead of other countries in the South Asian region.

50,000 40,000

STP

30,000

20,000
10,000 0 Higher Education State Private Total

STP Include all Scientists a Technologists, Technicians, Supporting Staff involve in S&T research, Service and Management activities

 Tourism: is a major business mainly because of its islands,heritage,wildlife,sports,art and culture. Tea: It is the 3rd largest producer of tea which is due to the climatic conditions. Apparel and Textile Industry: Sri Lankan apparel industry is world famous for manufacturing quality proven ready made. The country has around 900 garment manufacturing factories that work for world renowned brands.

 Bangladesh Sri Lanka has strong relations with Bangladesh and does cooperate in different economic sectors. Bhutan, Hungary, China Sri Lanka also has great friendly relations with Bhutan, Hungary, China ,India. India is the most important foreign player in Sri Lanka because India is the only neighbor of Sri Lanka. The relation between India and Sri Lanka are generally friendly, but were controversially affected by the on-going Sri Lankan civil war and by the failure of Indian intervention during the Sri Lankan civil war.

Country US

Percentage 21.7

UK INDIA
Germany Belgium Italy

11.9 6.8
5.1 4.8 4.7

 Sri Lanka largest import partners are India, China and Singapore. Imports from India include medicines, autorickshaws,fresh fruits and fabrics. Imports from Singapore are accounted for by milk and milk products , non crude oil, and cement. It also imports sugarcane, dried vegetables.

 Sri Lanka has exports revenue of $8.1 billions and at no. 90 in all over the world. Major Srilanka exports are textiles and apparel, tea and spices, diamonds, emeralds, rubies, coconut products, rubber manufactures, fish.(2010) These earn a lot for the country. ISRAEL, JAPAN, MALDIVES, KOSOVO & US: Sri Lanka has high attachment with these countries in its different foreign affairs and most importantly for aid.

Regional trading hub. Compliance with International Labor regulations. Relatively disciplined and skilled labor and a trainable work force. Reputed International customer base. On-time delivery of all-season products.

Strengths A quality apparel manufacturer International Customer Base On time delivery of all season products

Weakness Relatively High Cost Utilities Lack of geographical diversification. Non Existence of Sri Lankan Brand Identity.

SWOT
Threats Rapidly changing trends New entrants to industry Global Formation of bilateral trade blocks

Opportunities Total service provider for global apparel industry. Positive Impact of Govt. peace Initiative