Sri Lanka economy gaining supremacy
Sri Lanka has regained the supremacy over its economy recently very strongly as the civil war seized. Sri Lanka economy has witnessed many pitfalls in it, so there won’t be a stable economy at all. The barricades in the path of economy are the natural calamities, civil war, political conflict and many more to list.
As you take a close look at the history of Sri Lanka you can very well note the fact that when there is a rise in economy of Sri Lanka some of the above mentioned things barricade the growth of the economy.
Most of the time the barricade will be the outbreak of civil war and as soon as the civil war starts no one would have bother about the economy, everyone’s eye will be in the arms and the damages caused by the civil war.
But somehow the government maintains a stable economy which is enough to survive very well whatever may be the situation. The credit goes to the government economical policies, privatizations which were really come in handy during the times of civil war and natural calamities.
At last civil war has been ended up recently, so here after the government won’t be spending too much money in defense purpose.
Contributors to the economy of Sri Lanka
The GDP of the Sri Lanka economy is $96 million and 3.5% GDP growth has been achieved compare to 2008. The major contributors to the economy of Sri Lanka are tourism sector, tea industry, garment industry and the service sector. Sri Lanka is one of the country which gains more revenue from the tourism sector, even during the outbreak of civil war the tourists are flourishing.
United States being the highest consumer of Sri Lanka export goods especially the garments and tea. Sri Lanka has recently approaches for credit rating to getting loans from international funding agencies.