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Showing posts with the label Sri Lankan economic progress and collapse ?

Sri Lankan economic progress and collapse ?

Sri Lanka, a small island nation located in South Asia, has undergone significant economic progress and challenges over the past few decades. The country's economy has seen growth and development, but has also faced several challenges, including a civil war that lasted over 25 years and natural disasters such as the 2004 tsunami. In this article, we will examine the economic progress and collapse of Sri Lanka. Economic Progress: Sri Lanka's economy has grown significantly since the end of the civil war in 2009. The country's GDP has increased at an average rate of 5.8% per year from 2010 to 2019. The tourism industry has also played a significant role in the country's economic growth, with the number of tourists visiting Sri Lanka increasing from 447,890 in 2009 to 2.3 million in 2018. In addition to tourism, the country has also made strides in other sectors, such as the apparel industry, which has been a major contributor to the country's economy. The