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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]
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. [ 7][ 8][ 9] The SLPP, led by former president Mahinda Rajapaksa’s brother, Gotabaya Rajapaksa would later go on to win the presidential and parliamentary elections in ...
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 ...
The private sector accounts for 85% of the economy. [2] India is Sri Lanka's largest trading partner. [3] Economic disparities exist between the provinces, with the Western province contributing 45.1% of the GDP and the Southern province and the Central province contributing 10.7% and 10%, respectively. [4]
v. t. e. Sri Lanka elects on the national level a head of state – the president – and a legislature. Sri Lanka has a multi-party system, with two dominant political parties. All elections are administered by the Election Commission of Sri Lanka .
In Sri Lanka, the Cabinet of Ministers is the council of senior ministers responsible and answerable to the Parliament of Sri Lanka. The President is a member of the cabinet and its head. [ 1] The current cabinet is the Wickremesinghe cabinet, [ 2] which consists of 21 ministers since 6 October 2023. [ 3] There are also 38 state ministers who ...
A non-biometric Sri Lankan passport. Visa requirements for Sri Lankan citizens are administrative entry restrictions by the authorities of other states placed on citizens of Sri Lanka . As of 2024, Sri Lankan citizens had visa-free or visa on arrival access to 44 countries and territories, ranking the Sri Lankan passport 97th in the world ...
[16] [17] [18] In 2015, Sri Lanka's population aged over 60 was 13.9%, by 2030 this will increase to 21% and by 2050 this number will reach 27.4%. [17] [18] Sri Lanka's rapidly growing older population has ignited concerns of the socio-economic challenges that the country will face because of this. [19]
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