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The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [32] and $296.959 billion by purchasing power parity (PPP). [33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers. This growth was driven by the growth of non-tradable sectors, which the World Bank warned to be both unsustainable and ...
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] The crisis is said to have begun due to ...
2022 Sri Lankan protests. Sri Lanka Army. The 2022 Sri Lankan protests, commonly known as Aragalaya ( Sinhala: අරගලය, lit. 'The Struggle'), were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent ...
Sri Lanka 's electricity demand is currently met by nine thermal power stations, fifteen large hydroelectric power stations, and fifteen wind farms, with a smaller share from small hydro facilities and other renewables such as solar. Most hydroelectric and thermal/ fossil fuel –based power stations in the country are owned and/or operated by the government via the state-run Ceylon ...
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 Infectious Disease Hospital in Angoda, Sri Lanka ...
Sri Lanka Institute of Information Technology was established in 1999 at BOC Merchant tower, Colombo as a nonprofit company by guarantee with the ability to award Bachelor of Science degrees following amendments to the Universities Act the same year, thus gaining recognition from the Minister of Higher Education.
Rice production or Paddy production is one of the main productions and staple foods in Sri Lanka. It cultivates in all districts of Sri Lanka during two monsoon seasons. It is estimated that about 708,000 ha (1,750,000 acres) of land uses for paddy. [1] The seasons are called Maha season and Yala season. (Literally, Sinhala word Maha means bigger and Yala means lesser. [2]) Maha Season starts ...
Climate change is an important issue in Sri Lanka, and its effects threaten to impact both human and natural systems. Roughly 50 percent of its 22 million citizens live in low-lying coastal areas in the west, south, and south-west of the island, and are at risk of future sea level rise. [1] Climate change also threatens the island's biodiversity, including its marine ecosystem and coastal ...
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