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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%. Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector.
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 economic crisis involving severe ...
Presidential elections will be held in Sri Lanka on 21 September 2024. Voters will elect a president for a 5-year term. Incumbent president Ranil Wickremesinghe is running for re-election as an independent candidate. This would make him the first incumbent president to run for re-election since Mahinda Rajapaksa in 2015. Other candidates include Leader of the Opposition Sajith Premadasa and ...
Sri Lanka is the world's fourth-largest producer of tea. In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was ...
Sri Lanka is officially a Buddhist country, while Sri Lankans practice a variety of religions. As of the 2012 census, 70.2% of Sri Lankans were Buddhists, 12.6% were Hindus, 9.7% were Muslims (mainly Sunni ), 7.4% were Christians (mostly Catholics ). [2] [3] Buddhism is declared as the State religion of Sri Lanka and has been given special ...
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