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The second table lists countries by the percentage of the population living below the national poverty line—the poverty line deemed appropriate for a country by its authorities. National estimates are based on population-weighted subgroup estimates from household surveys. [9] Definitions of the poverty line vary considerably among nations.
The Sri Lankan government has been successful in reducing poverty from 15.2% on 2006 to 8.9% in 2010, urban poverty was reduced from 6.7 to 5.3% while rural poverty was reduced from 15.7 to 9.5%, and the nation has made significant progress towards achieving Millennium Development Goals on eradicating extreme poverty and hunger.
By 2024, Sri Lanka re-entered the path of economic growth, with a renewed focus on sustainable development. [149] Sri Lanka has met the Millennium Development Goal (MDG) target of halving extreme poverty and is on track to meet most of the other MDGs, outperforming other South Asian countries. Sri Lanka's poverty headcount index was 4.1% by 2016.
According to the World Bank's 2011 report, based on 2005 ICP PPP, about 24.6% of the South Asian population was below the international poverty line of $1.25/day. [305] Bhutan, Maldives and Sri Lanka had the lowest number of people below the poverty line, with 2.4%, 1.5% and 4.1% respectively.
Sri Lanka's population is aging faster than any other nation in South Asia and has the fifth highest rapidly growing population of older people in Asia after China, Thailand, South Korea and Japan. [16] [17] [18] In 2015, Sri Lanka's population aged over 60 was 13.9%, by 2030 this will increase to 21% and by 2050 this number will reach 27.4%.
The most common method measuring and reporting poverty is the headcount ratio, given as the percentage of the population that is below the poverty line. For example, The New York Times in July 2012 reported the poverty headcount ratio as 11.1% of American population in 1973, 15.2% in 1983, and 11.3% in 2000. [ 6 ]
Sri Lanka's population, (1871–2001) Sri Lanka has roughly 22,156,000 people and an annual population growth rate of 0.5%. The birth rate is 13.8 births per 1,000 people, and the death rate is 6.0 deaths per 1,000 people. [272] Population density is highest in western Sri Lanka, especially in and around the capital.
The Human Poverty Index (HPI) was an indication of the poverty of community in a country, developed by the United Nations to complement the Human Development Index (HDI) and was first reported as part of the Human Development Report in 1997.