Abstract
Sri Lanka’s economic growth in the last 3 decades was relatively strong, considering that it took place during a 26-year civil conflict. Economic growth averaged 5% during 1971–2015. Sri Lanka also made major strides in reducing poverty, with the poverty rate declining from 28.8% in 1995/96 to 6.7% in 2012. Sri Lanka’s growth experience, as in many economies at its stage of development, was underpinned by structural transformation that boosted productivity. The share of the less-productive agriculture sector declined steadily from an average of 29.8% in the 1970s to an average of 8.5% in 2013–2015.
| Original language | English |
|---|---|
| Title of host publication | The Sri Lankan economy: charting a new course |
| Editors | P Athukorala, E Ginting, H Hill & U Kumar |
| Place of Publication | Metro Manila, Philippines |
| Publisher | Asian Development Bank |
| Pages | 51-80 |
| Volume | 1 |
| Edition | 1st |
| ISBN (Print) | 978-92-9257-973-9 |
| Publication status | Published - 2017 |