Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka is becoming more prosperous, Central Bank reports
Thu, Feb 20, 2014, 01:42 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 20, Colombo: 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.

The Sri Lanka Prosperity Index (SLPI) compiled by the Central Bank rose by 6.8 percent to 66.8 in 2012, from 62.5 in 2011 reflecting economic and social developments in the country, the Central Bank said in a report released Thursday.

The SLPI, introduced by the Central Bank in 2008 reflects the economic and social developments in the country and the provinces on an annual basis.

The SLPI consists of three sub-indices, namely the Economy and Business Climate, the Well-Being of the People and the Socio-Economic Infrastructure.

The Prosperity Index increased during 2012, with an improvement in all three sub-indices. The most marked improvement was observed in the Socio-Economic Infrastructure sub-index, which rose by 8.2 percent in 2012 from 6.7 percent in 2011.

The Economy and Business Climate sub-index increased by 5.3 percent, while the Well-Being of the People sub-index increased by 6.9 percent in 2012.

The SLPI has shown a steady incline from 2008 onwards with an improvement in all three sub-indices.

According to the Central Bank, the Prosperity Index enables national policy makers, provincial authorities, and business and community stakeholders to measure the prosperity of provinces in a more holistic manner.

The index could also be used to identify strengths and weaknesses of provinces and to formulate policies for attaining higher standards and to reduce regional disparities leading to balanced growth in the country, the Central Bank said in its report.

ColomboPage - Recent 10 Stories
Sri Lanka opposition candidate says no foreign conspiracy behind decision to challenge President
-- [1 hour and 24 minutes ago]
Foreign conspiracy behind Sri Lanka's common opposition candidate, new ruling party secretary says
-- [3 hours ago]
Cabinet reshuffle pending in Sri Lanka; Nimal Siripala de Silva likely to be named Prime Minister
-- [4 hours ago]
Sri Lanka's television service providers block the common candidate's first interview
-- [5 hours ago]
President commissions Deduru Oya irrigation project in Sri Lanka's North Western Province
-- [6 hours ago]
Sri Lanka presidential candidate's security reduced
-- [7 hours ago]
UNP deputy leader backs Sri Lankan President's challenger
-- [8 hours ago]
Sri Lanka's Hatton National Bank to issue Rs. 4 billion debentures
Sri Lanka's JVP and JHU take time to announce support to the common opposition candidate
Local politician shot in first presidential poll-related incident in Sri Lanka

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.