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Sri Lanka - Country snapshot (English)

Sri Lanka is in many respects a development success story. With economic growth averaging over 6 percent in the past decade, Sri Lanka has made notable strides toward the goals of ending extreme poverty and promoting shared prosperity. Important challenges lie ahead, however, as Sri Lanka aspires to become a higher middle-income country (MIC). Growth in the last five years is in substantial part due to a ‘peace dividend’ that included significant reconstruction efforts since the end of the 25-year civil war in 2009. Going forward, economic growth will likely require continued structural changes in the economy towards greater diversification and productivity increases and a reduction in the role of agricultural employment from its present share of a third of the population. Although Sri Lanka has excelled in overcoming human development challenges typical to a low-income country, its service delivery systems in education, health, and other areas must now adjust to face new and changing demands typical of a MIC. Pressure to improve social safety nets will increase owing to an aging population. Increasing affluence and information will lead to higher expectations for the state to perform in order to facilitate growth, provide a higher level of services, and demonstrate increasing responsiveness to a more demanding citizenry.

Details

  • Document Date

    2016/10/01

  • Document Type

    Working Paper

  • Report Number

    109253

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Sri Lanka,

  • Region

    South Asia,

  • Disclosure Date

    2016/10/18

  • Disclosure Status

    Disclosed

  • Doc Name

    Sri Lanka - Country snapshot

  • Keywords

    Demographic and Health Survey;legal and regulatory framework;participation in primary education;labor market information system;maternal and child health;real per capita consumption;water supply and sanitation;public financial management system;access to health facility;Analytic and Advisory Activities;access to finance;headcount poverty rate;changing labor market;per capita income;personal income tax;global value chain;disaster risk management;Financial Sector;urban transport;quality higher education;child health service;Research and Innovation;sustainable land use;labor force participation;education and health;employment in agriculture;special economic zone;quality of education;current account deficit;disaster risk financing;childhood development program;outdoor air pollution;improved living standard;indoor air pollution;workforce development system;damage to houses;improving service delivery;private sector perspective;national health-sector;higher education program;gender wage gap;children's nutritional status;contingent credit line;malnutrition among children;water and sewage;supply of skill;achievement in education;social protection strategy;net enrollment rate;social security system;Poverty & Inequality;management of dam;proportion of girl;industry and manufacturing;decline in poverty;child health status;burden of disease;technical assistance program;Urban Water Supply;quality assurance system;trade and competitiveness;global financial crisis;closing gender gap;safety net program;mother and child;increase in labor;availability of fund;standard of performance;domestic aggregate demand;infectious disease control;fruit and vegetable;national poverty line;variability of rainfall;impact on health;early warning system;population at large;trade and investment;cash transfer program;bulk water supply;access to banking;declining interest rates;Social Safety Nets;government bond market;corporate bond market;main urban areas;analytical and advisory;growth and development;improve water resource;real interest rate;source of funding;increase in consumption;capital market development;public debt;fiscal deficit;government effort;million people;Learning and Innovation Credit;financial inclusion;rural area;aging population;flood;social inclusion;agriculture sector;human capital;old population;Public Services;equitable access;significant challenge;government security;Energy Sector;rainfall trend;environmental sustainability;official reserve;natural disaster;Natural Resources;credit growth;Fiscal Sustainability;estate sector;Urban Infrastructure;legal framework;soft skills;Waste Management;Urban Renewal;dry area;variable rainfall;urban flood;urban health;land management;increased imports;strategic city;comparative advantage;sanitation coverage;public health;resource bank;manufacturing sector;international standard;employment generation;environmental asset;pollution load;geographic pattern;building system;Resettled Population;prosperous region;climate resilience;export sector;national investment;fiscal impact;national saving;urban plan;geographic location;private terminal;agriculture research;rural income;soil loss;external liquidity;financial resource;pipe system;connectivity improvement;budget support;urban authority;agriculture production;value crop;Population Density;river system;social factor;rice cultivation;agglomeration index;measure of use;flood management;transportation effort;urban development;emergency preparedness;age population;land area;land market;environmental problem;waste generation;rapid urbanization;fiscal policy;forest coverage;accounting standard;rice production;institutional change;investigative audit;property development;audit practice;risk sharing;direct transfer;secondary level;urban management;Fiscal policies;accounting standards;transparent process;cooking stove;low-income housing;kitchen design;export income;age composition;vocational skill;Traffic Accident;Vocational Training;low-income group

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Citation

Sri Lanka - Country snapshot (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/657271476770834100/Sri-Lanka-Country-snapshot