Sri Lanka has become more prosperous over last five years, Central Bank reports
Sri Lanka is steadily becoming more prosperous over the last five years, according to an indicator introduced by the Central Bank to assess the overall status of prosperity in the country as a whole and in each of its provinces.
Prosperity, measured by the Sri Lanka Prosperity Index (SLPI), which is a composite indicator that measures and compares the level of prosperity of the country and across its provinces, improved to 0.746 in 2016 from 0.685 in the previous year.
The sub-indices the Economy and Business Climate and Well-being of the People sub-indices have improved for the period of 2015 to 2016, while there is a moderation in Socio-Economic Infrastructure sub-index.
The improvements in employment rate, informal sector wages, industrial density and banking density have c...