Sri Lanka prosperity up by revised index: Central Bank

Feb 20, 2014 (LBO) – Sri Lanka’s prosperity has risen by 6.8 percent over 2012 according to an index compiled by the Central Bank, which has been revised with additional parameters being added. “The Prosperity Index enables national policy makers, provincial authorities, and business and community stakeholders to measure the prosperity of provinces in a more holistic manner.

“This index could also be used to identify strengths and weaknesses of provinces and to formulate policies for attaining higher standards and to reduce regional disparities leading to balanced growth in the country.”

The biggest gains were seen in the socio-economic infrastructure sub-index, which
rose by 8.2 per cent in 2012 from 6.7 per cent in 2011.

The economy and business climate sub-index had increased by 5.3 per cent, while the well-being of the people sub-index increased by 6.9 per cent in 2012.

The Sri Lanka Prosperity Index started in 2008 rose to 66.8 points in 2012 from 62.5 in 2011, the Central Bank said.

It tracked 26 variables through three sub-indices on economy and business climate, well-being of the people and socio economic infrastructure up to 2011 and another 16 parameters ha