Annual Report 2010 - Ministry of Finance and Planning

Ministry of Finance and Planning Sri Lanka > Annual Report 2010With expected high growth anddevelopment in the tourism, IT/ BPO at service industries, theindustry would contribute to thegeneration of direct and indirectemployment opportunities in future.Expansion of the Manufacturingsector and ommercial agriculturesector also created new employmentopportunities. Notable increase inself-employment opportunities areexpected to reduce unemployment.In order to minimize youthunemployment rate it is necessaryto promote demand driven skillsdevelopment at all levels of education.The lower level of female labour forceparticipation should be addressedbecause it can address the shortsupply of labour in the long run.Table 1.76 > Unemployment – 2010 (%)Age Group TotalGender(Years)Male Female14-25 18.4 14.7 24.626-35 5.5 2.9 10.836-60 1.3 1.0 1.8Table 1.78 > Unemployment Among YouthAge(Years) 2005 2006 2007 2008 2009 201020-24 (%) 24.6 21.0 21.1 18.1 21.4 19.125-29(%) 9.5 11.0 9.4 9.5 10.3 9.220-29(%) 17.2 15.9 15.0 13.7 15.4 13.8Source: Department of Census & StatisticsSource: Department of Census & StatisticsTable 1.77 > Labour Force Participation2006-2010 (%)Male Female Total2005 67.1 30.9 48.32006 68.1 35.7 51.22007 67.8 33.4 49.82008 67.8 33.2 49.52009 66.6 32.8 48.72010 67.1 31.2 48.1Source: Department of Census & StatisticsCategoryUnemployment(%)G.C.E. (A/L) &above (%)Table 1.79 > Unemployment andEducation Levels by SexSource: Department of Census & Statistics2008 2009 2010M F M F M F3.6 8.0 4.3 8.2 3.5 7.55.6 14.4 6.6 15.1 7.5 15.6Labour ProductivityHealthy baseline of labour forcehas been sustaining increment ofoverall labour productivity. Labourproductivity measured in terms of GDPper worker increased by 6.6 percentin 2010 over the previous year, to Rs.343,000 per worker.Table 1.80 > Labour Productivity by Economic SectorsLabour Productivity Agriculture Industry ServiceRs.’0002005 286.0 117.5 305.5 392.32006 294.2 112.4 312.3 424.62007 317.0 120.6 339.0 449.02008 309.3 114.8 335.6 446.12009 322.2 119.2 367.1 451.82010 343.3 125.3 407.2 472.8Growth rate (%)2005-2010 20.0 6.6 33.3 20.5141