Economic Performance and Macroeconomic Management

Yougesh Khatri, Edimon Ginting, Premachandra Athukorala

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    Sri Lanka’s economic growth in the last 3 decades was relatively strong, considering that it took place during a 26-year civil conflict. Economic growth averaged 5% during 1971–2015. Sri Lanka also made major strides in reducing poverty, with the poverty rate declining from 28.8% in 1995/96 to 6.7% in 2012. Sri Lanka’s growth experience, as in many economies at its stage of development, was underpinned by structural transformation that boosted productivity. The share of the less-productive agriculture sector declined steadily from an average of 29.8% in the 1970s to an average of 8.5% in 2013–2015.
    Original languageEnglish
    Title of host publicationThe Sri Lankan economy: charting a new course
    Editors P Athukorala, E Ginting, H Hill & U Kumar
    Place of PublicationMetro Manila, Philippines
    PublisherAsian Development Bank
    Pages51-80
    Edition1st
    ISBN (Print)978-92-9257-973-9
    Publication statusPublished - 2017

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