Sri Lanka prosperity index shows gains: Central Bank

Dec 25, 2012 (LBO) – Sri Lanka’s prosperity has increased 4.1 percent in 2011 improving on two earlier years, according to an index which tracks well-being, economic infrastructure and the business climate, the Central Bank said. The Sri Lanka Prosperity Index has risen 4.1 percent to 60.6 point in 2011 showing a steady increase from 2009 when it was 56.5, the Central Bank said.

Sri Lanka’s Western Province was ranked first, followed by the Southern and Central Provinces but disparities between indices were declining. Uva and Eastern provinces fared the worst.

Sri Lanka’s Northern Province, which had emerged from a 30p-year war in 2009, had shown the highest growth rate moving to 6th position from 9th.

“Although the prosperity levels in all provinces have continuously increased over the years, the relative position of some provinces declined due to greater improvements observed in other provinces,” the Central Bank said.

In 2011 the Western Province index showed a growth rate of 3.5 percent with gross domestic product, reduction in poor households, vehicle ownership, telephone density and schools with English medium classes and computer facilities.

“However, the pupil teacher ratio and number of reporte