GDP per capita is often considered an indicator of the standard of living of a given country, as it reflects the average wealth of each person residing in a country. Number thirty-six on the list of poorest economies is Sri Lanka with an expected USD 4264 GDP per capita for 2019. According to the World Bank, the poverty rate has also steadily declined, however, the absolute number of people living in poverty has not due to the high growth rate of its population over that time.
Economic prospects for Sri Lanka depend on infrastructure investment, improving the business environment, increasing agricultural productivity, amongst others and growth prospects for next year remain strong. The economy should continue to expand solidly, supported by sustained infrastructure spending and growth within the services sector on the back of growing tourist inflows.
(Source: FocusEconomics )
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