With these diversified activities taking place, the structure of country’s earnings is likely to change materially… •
In the external sector, these changes will result in earnings from exports of services gaining prominence – – – – –
Earnings from tourism IT/BPO Services Aviation services Maritime services Potential earnings from the Knowledge economy
External Account Targets & Projections for 2016 Per Annum Value Merchandise Exports: US$ 15.2 bn of which Tea: US$ 1.9 bn Rubber: US$ 0.2 bn Textiles & Garments: US$ 5.6 bn Rubber products: US$ 1.2 bn Gems, Diamonds & Jewellery: US$ 1.0 bn Services Exports: US$ 9.8 bn of which Earnings from tourism: US$ 3.5 bn IT/BPO services: US$ 1.0 bn Workers’ remittances: Foreign Direct Investment: Net Portfolio inflows: Long term loan inflows: Government: Private sector:
US$ 10.0 bn US$ 5.0 bn US$ 1.0 bn US$ 1.8 bn US$ 0.5 bn
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