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The mixed economy of Sri Lanka was worth 27.60 LKR trillion ($84 billion) by gross domestic product (GDP) in 2023 [33] and $318 billion by purchasing power parity (PPP). [34] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
This page was last edited on 24 January 2020, at 05:59 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Economic troubles in Sri Lanka began in 2019, when a severe economic crisis occurred caused by rapidly increasing foreign debt, massive government budget deficits due to tax cuts, falling foreign remittances, a food crisis caused by mandatory organic farming along with a ban on chemical fertilizers, and a multitude of other factors. [154]
The Sri Lankan Ministry of Fisheries have estimated that damage of Rs 700 million has been done to the fishing gear of Sri Lanka fishermen by Indian bottom trawlers. [8] With over 1000 Indian trawlers engaged in bottom trawling at a time, the Indian Coast Guard and the Sri Lankan Navy has been active in thwarting illegal maritime activities. [9]
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Central Bank of Sri Lanka [9] Net migration rate-4.6 (per 1,000 population) ... World Economic Forum [15] Global Innovation Index: 2024: 89: 133: World Intellectual ...
This page was last edited on 8 November 2020, at 16:59 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.