Level of prosperity increase in 2015-SLPI

November 19, 2024

Development - Provincial

Level of prosperity increase in 2015-SLPI

January 03, 2017

The prosperity, measured by the Sri Lanka Prosperity Index (SLPI) which is a composite indicator that measures and compares the level of prosperity of the country and across its provinces, has improved to 0.864 in 2015 from 0.804 in the previous year. Analyzing the movements in 2014-2015 period, the SLPI improved along with the improvements in Economy and Business Climate and Well-being of the People subindices, while there is a moderation in Socio-Economic Infrastructure sub-index.

The improvements in per capita Gross Domestic Product, informal sector wages, industrial density and banking density have contributed towards the enhancement of the Economy and Business Climate subindex. With regard to the sub-index of Well-being of the People, the improvements were mainly due to high performance in availability of healthcare facilities, availability & quality of education, wealth of people and availability and usage of entertainment facilities. The Sri Lanka Prosperity Index (SLPI) comprises of three sub-indices, Economy and Business Climate, Wellbeing of the People and Socio-Economic Infrastructure, which are measured using 42 representative variables reflecting the economic and social progression of provinces.