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Overview. 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%. Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector.
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [1]
The five countries with the largest foreign exchange reserves almost all have reserves of at least 500 billion USD and higher and have maintained such an amount for at least a week. At present there are only six countries whose reserves are at such a figure; this includes China, Japan, Switzerland, India, Russia and Taiwan.
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]
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
As of 2014, Hindi cinema represents 43% of the net box office revenue in India, while Telugu and Tamil cinema represent 36%, and other industries constitute 21%. In 2019, the Hindi film industry represented 44% of box office revenue, followed by the Telugu and the Tamil film industries, each representing 13%. [6]
The COVID-19 pandemic in Sri Lanka is part of the ongoing worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by the severe acute respiratory syndrome coronavirus 2 ( SARS-CoV-2) virus. The first case of the virus in Sri Lanka was confirmed on 27 January 2020, after a 44-year-old Chinese woman from Hubei, China, was admitted to the ...
The last local government elections held in Sri Lanka in 2018 saw the newly formed Sri Lanka Podujana Peramuna (SLPP) winning a majority of the seats, winning 40% of the votes. [8] [9] [10] The SLPP, led by former president Mahinda Rajapaksa’s brother, Gotabaya Rajapaksa would later go on to win the presidential and parliamentary elections in ...
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