Colombo – Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

“City Profile – Colombo” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Colombo.

Colombo District is one of the 25 districts in Sri Lanka. It includes the capital city Colombo and 12 other sub-units known as divisional secretariats. The economy growth in the district is likely to be driven by the Sri Lanka’s economic reform program, which is supported by International Monetary Fund (IMF) for a three-year extended fund facility to pursue revenue-based fiscal consolidation. Service sector is a major contributor to the overall GVA of area’s economy accounting for 66.5%.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Scope

– The service sector remains the key contributor to the area’s economy – and the major employer.

– Colombo is a key tourist destination for both domestic and international tourists and witnessed a significant decline in 2020.

Reasons to buy

- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.

- Analyze and understand the business environment in the city to align your investment and expansion strategies.

- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.

- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Table of Contents

Table of Contents

City Snapshot

PEST Analysis

Political

Economic

Social

Technology and Infrastructure

Communications

Internal Transport Networks

Connectivity

Airports

Ports

Business Environment Analysis

Travel and Tourism

Tourism Flows

Hotels

Attractions

Events

Construction and Real Estate

Investment

Real Estate Market

Retail

Retail Market

Consumption, Income and Prices

Appendix

Sources

Further Reading

Ask the analyst

About MarketLine

Disclaimer

List of Tables

List of Tables

Table 1: Colombo District – key facts (estimates), 2021

Table 2: Colombo District – real GDP and real GDP growth, 2000-25

Table 3: Colombo District – economic growth comparison (Index 2010=100), 2000-25

Table 4: Colombo District – GDP per capita comparison, 2000-25 ($)

Table 5: Colombo District – employment structure, 2000-25 (% of total)

Table 6: Colombo district – main universities, 2022

Table 7: Colombo District – population comparison, 2000-25 (million)

Table 8: Colombo District – population by age, 2000-25 (% of total)

Table 9: Colombo city – Bandaranaike International Airport key indicators, 2015-20

Table 10: Colombo district – office rents, Q3 2021

Table 11: Colombo city – guest nights in tourist hotels, 2014-19 (number)

Table 12: Sri Lanka – international tourist arrivals, 2017-21* (number)

Table 13: Colombo city – hotel KPIs, 2014-20

Table 14: Colombo city – MICE and other events

List of Figures

List of Figures

Figure 1: Colombo District – real GDP and real GDP growth, 2000-25

Figure 2: Colombo District – economic growth comparison (Index 2010=100), 2000-25

Figure 3: Colombo District – GDP per capita comparison, 2000-25

Figure 4: Colombo District – employment structure, 2000-25 (% of total)

Figure 5: Colombo District – population comparison, 2000-25

Figure 6: Colombo District – population by age, 2000-25 (% of total)

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