This was indicated in Sri Lanka Prosperity Index (SLPI), compiled by the Statistics Department of the Central Bank of Sri Lanka to measure the level of prosperity of the country.
The index comprises of three sub-indices, Economy and Business Climate, Wellbeing of the People and Socio-Economic Infrastructure.
The SLPI increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to the improvements in ‘Economy and Business Climate’ and ‘Socio-Economic Infrastructure’ sub-indices.
Economy and Business Climate sub-index has improved during 2017, due to increase in per capita Gross Domestic Product (GDP) and enhancements of the aspects associated with employment the Central Bank said.
With regard to the sub index of Socio-Economic Infrastructure, improvements to the road network with the extensions to the expressways, construction of bridges and flyover projects, availability of electricity facilities and improvements in pipe borne water quality were the key drivers.
Even though ‘Well-being of the People’ sub index has declined during 2017 mainly due to the reduced levels of purity of environment and air quality, improvements were recorded in the aspects of availability of healthcare facilities, availability and quality of education, wealth of people and their engagement in entertainment activities.