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The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32] and $296.959 billion by purchasing power parity (PPP). [ 33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
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 ...
South Asia Gateway Terminals. South Asia Gateway Terminals Ltd also known as SAGT is a Sri Lankan container terminal transportation operating shipping service company located in the Port of Colombo. It is one of the three container terminals operating in Colombo Port. It is a private limited company owned by the John Keells Holdings which is ...
A non-biometric Sri Lankan passport. Visa requirements for Sri Lankan citizens are administrative entry restrictions by the authorities of other states placed on citizens of Sri Lanka . As of 2024, Sri Lankan citizens had visa-free or visa on arrival access to 44 countries and territories, ranking the Sri Lankan passport 97th in the world ...
The 2022 Sri Lankan protests, commonly known as Aragalaya ( Sinhala: අරගලය, lit. 'The Struggle'), were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent economic crisis involving severe ...
Primary and secondary education is free in Sri Lanka and is the responsibility of the Ministry of Education and the Provincial Governments. Undergraduate education in state universities are free, but limited to less than 10% of the student population.
The next local elections were originally scheduled to be held the previous year, in 2022. However, due to the worsening economic crisisand instability in the country, the elections were postponed indefinitely by then president Gotabaya Rajapaksa.[2] There was a lot of speculation that the elections would be postponed again for the same reason ...
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