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
Pakistani national arrested at Sri Lanka's Colombo airport with 5 Kg of heroin
-- [5 hours ago]
Brexit effect on international financial markets a key channel of impact for Sri Lanka, trade chamber says
-- [5 hours ago]
Sri Lanka to host meeting of Heads of National Drug Law Enforcement for Asia-Pacific in October
-- [6 hours ago]
Sri Lanka Human Rights Commission welcomes President's directives on arrests under PTA
-- [7 hours ago]
Sri Lanka investment promotion agency hosts leading Japanese business delegation
-- [8 hours ago]
Global movement urges Sri Lanka Army to release records of war 'surrendees'
Sri Lanka Central Bank releases results of Purchasing Managers' Index Survey
Sri Lankan PM says major part of taxes being spent on education
Sri Lanka will discuss setting up special courts for accountability with Tamil party and victims - FM
Over 400 Tamils to join Sri Lanka Police to be posted in North and East

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.