Increase In Per Capita Income
Sri Lanka has registered its highest growth of economic development since independence says the Department of Census and Statistics.
The economy of 2011 grew at the rate of 8.3 percent while in the previous year a growth of 8.0 percent was achieved said Additional Director General of Census and Statistics, D. C. Gunawardana.
Per Capita Income has also increased to 2836 US dollars from 2400 US dollars the previous year.
Gunwardana expressed hopes that high economic growth could be sustained as growth has been seen in several sub sectors.
Professor Sirimal Abeyratna of the University of Colombo said that the economic growth reported in figures could not be witnessed in reality.
“Overall the export sector is weak and investor confidence is low,” said Professor Abeyratna.
He said that although ending the war has helped the economy to pick up, the gains could not be sustained if the export sector does not develop and new investments attracted to Sri Lanka.
Commenting on the overall management of the economy Professor Abeyratna said that, “the situation is far from satisfactory.”