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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 [34] and $318 billion by purchasing power parity (PPP). [35] 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 an ongoing crisis 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]
The purpose of the loan scheme was to encourage the local production, regional development and to boost the revenue streams of the small and medium businesses in Sri Lanka, especially with the aim of withstanding foreign competitors and to elevate import substitution strategies in order to expand the Gross Domestic Product and economic growth ...
Economic troubles in Sri Lanka began in 2019, when a severe economic crisis began caused by rapidly increasing foreign debt, massive government budget deficits due to tax cuts, a food crisis caused by mandatory organic farming along with a ban on chemical fertilizers, and a multitude of other factors.
This is a timeline of Sri Lankan history, comprising important & territorial changes and political & economic events in Sri Lanka and its predecessor states. To read about the background to these events, see History of Sri Lanka .
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
Sri Lanka, [c] historically known as Ceylon, [d] and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia.It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian peninsula by the Gulf of Mannar and the Palk Strait.
View history; General ... Central Bank of Sri Lanka [9] Net migration rate-4.6 (per 1,000 population) 2015-2020: United Nations, Department of Economic and Social ...