Sri Lanka – Fast Facts
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Sri Lanka is a lower income economies comes under the South Asian region, as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy was socialist oriented in the past, but in the present scenario the country has stepped forward for private participation and competitive environment. Agriculture, industry and services have their respective importance in contributing the Gross Domestic Product.
Sri Lanka is a lower income economies comes under the South Asian region, as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy was socialist oriented in the past, but in the present scenario the country has stepped forward for private participation and competitive environment. Agriculture, industry and services have their respective importance in contributing the Gross Domestic Product.
Major Agricultural products in the country are rubber, tea, coconuts, and paddy. Important industries are coconut, tea, rubber processing, banking and insurance and textiles. Its economy is largely benefited from the exports of tea, rubber, coconut oil, textiles and garments, and precious stones.
