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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
Rank Name Financial statistics in millions LKR Industry Revenue Profit Assets Market Cap. 1 Hayleys PLC: 241,276 14,046 279,383 45,600 Conglomerate
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...
Sri Lanka and the United States established diplomatic relations on 23 October 1948. In a 2005 BBC World Service Poll, 30% of Sri Lankans view American influence positively, with 20% expressing a negative view. [1] According to the 2012 U.S. Global Leadership Report, 14% of Sri Lankans approve of U.S. leadership, with 37% disapproving and 49% ...
The CSE has 290 listed companies representing 20 business sectors as of 30 June 2019, with a market capitalization of රු.2,523.38 billion. There are currently two indices in the CSE: The All Share Price Index (ASPI) The S&P Sri Lanka 20 Index (S&P SL20) The Milanka Price Index (MPI) was abolished after 30 December 2012.
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