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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]
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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]
Sri Lanka's population, (1871–2001) Sri Lanka has roughly 22,156,000 people and an annual population growth rate of 0.5%. The birth rate is 13.8 births per 1,000 people, and the death rate is 6.0 deaths per 1,000 people. [ 270 ] Population density is highest in western Sri Lanka, especially in and around the capital.
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The Central Bank of Sri Lanka raised interest rates in August 2021, and Sri Lanka became the first nation in Asia to tighten the monetary policy during the pandemic era. [ 20 ] [ 21 ] On 27 August 2021, the government extended the lockdown to 6 September 2021 as the daily death toll surpassed 200 for the first time since the pandemic began.
This site may have been important in the competition between the Mahayana and Theravada Buddhist traditions in ancient Sri Lanka. In Professor Senarath Paranavithana 's book The Story of Sigiri , King Dathusena is said to have taken the advice of the Persian Nestorian Priest Maga Brahmana on building his palace on Sigirya.
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