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Economy of Sri Lanka : ウィキペディア英語版
Economy of Sri Lanka

With an economy worth $80.591 billion (2015) ($233.637 billion PPP estimate),〔 and a per capita GDP of about $11,068.996 (PPP), Sri Lanka has mostly had strong growth rates in recent years.The Sri Lankan economy has seen robust annual growth at 6.4 percent over the course of 2003 to 2012, well above its regional peers. In GDP per capita terms, it is ahead of other countries in the South Asian region.Since the end of the three-decade civil conflict, Sri Lanka is now focusing on long-term strategic and structural development challenges as it strives to transition to an upper middle income country.
The main economic sectors of the country are tourism, tea export, apparel, textile, rice production and other agricultural products. In addition to these economic sectors, overseas employment contributes highly in foreign exchange, 90% of expatriate Sri Lankans reside in the Middle East.
Sri Lanka has met the Millennium Development Goal (MDG) target of halving extreme poverty and is on track to meet most of the other MDGs, outperforming other South Asian countries. Sri Lanka experienced a big decline in poverty between 2002 and 2009 – from 23 percent to 9 percent of the population. Despite this pockets of poverty continue to exist. An estimated 9 percent of Sri Lankans who are no longer classified as poor live within 20 percent of the poverty line and are, thus, vulnerable to shocks which could cause them to fall back into poverty.
According to economic reforms proposed by Prime Minister Ranil Wickremesinghe Sri Lanka plans to create a knowledge based social market economy and creating an export-oriented economy as well as creating a Megapolis in the western province to rival Dubai and Singapore with a financial hub in Colombo. Creation of several business and technology development areas specialized in various sectors island wide as well as tourism zones in a planned manner is also being planned. The government is Also planning the lifting the ban of Sri Lankan seafood imposed by the EU and regaining GSP+ trade concessions as well as joining the Trans-Pacific Partnership(TPP).
==Economic history==

Since becoming independent from Britain in February 1948, the economy of the country has been affected by natural disasters such as the 2004 Indian Ocean earthquake and a number of insurrections, such as the 1971, the 1987-89 and the 1983-2009 civil war. The government during 1970-77 period applied pro-left economic policies and practices. Between 1977 and 1994 the country came under UNP rule in which under President J.R Jayawardana Sri Lanka began to shift away from a socialist orientation in 1977. Since then, the government has been deregulating, privatizing, and opening the economy to international competition. between 1994 and 2004 under SLFP rule. In 2001, Sri Lanka faced bankruptcy, with debt reaching 101% of GDP. The impending currency crisis was averted after the country reached a hasty ceasefire agreement with the LTTE and brokered substantial foreign loans. After 2004 the UPFA government has concentrated on mass production of goods for domestic consumption such as rice, grain and other agricultural products.〔(【引用サイトリンク】format=PDF )
however twenty five years of civil war slowed economic growth (), diversification and liberalization, and the political group Janatha Vimukthi Peramuna (JVP) uprisings, especially the second in the early 1980s, also caused extensive upheavals.〔(【引用サイトリンク】title=The Economy of Sri Lanka )
Following the quelling of the JVP insurrection, increased privatization, economic reform, and a stress on export-oriented growth helped improve the economic performance, increasing GDP growth to 7% in 1993.
Economic growth has been uneven in the ensuing years as the economy faced a multitude of global and domestic economic and political challenges. Overall, average annual GDP growth was 5.2% over 1991-2000.
In 2001, however, GDP growth was negative 1.4%--the first contraction since independence. The economy was hit by a series of global and domestic economic problems and affected by terrorist attacks in Sri Lanka and the United States.
The crises exposed the fundamental policy failures and structural imbalances in the economy and the need for reforms. The year ended in parliamentary elections in December, which saw the election of a pro-capitalism party to Parliament, while the socialism oriented Sri Lanka Freedom Party retained the Presidency.
The government of Prime Minister Ranil Wickremasinghe of the United National Party has indicated a strong commitment to economic and social sector reforms, deregulation, and private sector development.
In 2002, the economy experienced a gradual recovery. Early signs of a peace dividend were visible throughout the economy—Sri Lanka has been able to reduce defense expenditures and begin to focus on getting its large, public sector debt under control.
In addition, the economy has benefited from lower interest rates, a recovery in domestic demand, increased tourist arrivals, a revival of the stock exchange, and increased foreign direct investment (FDI).
In 2002, economic growth reached 4%, aided by strong service sector growth. The agricultural sector of the economy staged a partial recovery. Total FDI inflows during 2002 were about $246 million.
The largest share of FDI has been in the services sector. Good progress was made under the Stand By Arrangement, which was resumed by the International Monetary Fund (IMF). These measures, together with peaceful conditions in the country, have helped restore investor confidence and created conditions for the government to embark on extensive economic and fiscal reforms and seek donor support for a poverty reduction and growth strategy.
The Mahinda Rajapakse government halted the privatization process and launched several new companies as well as re-nationalizing previous state owned cooperations.However this was seen as an attempt to get his relatives into the top poisition and amny state-owned coperations were overstaffed as well resulting in major losses and large scale fraud.〔(【引用サイトリンク】 )〕 The negative human righst record during this time resulted in Sri lanka losing the GSP from the EU and resulted in major losses for the Sri Lankan apparel industry.
The resumption of the civil-war in 2005 led to a steep increase defence expenditures. The increased violence and lawlessness also prompted some donor countries to cut back on aid to the country.()().
Sri Lanka has also accumulated a 9.2% deficit and the central bank has not intervened since late 2006 to print more currency ().
A sharp rise in world petroleum prices combined with economic fallout from the civil war led to inflation that peaked 20%. However, as the civil war ended in May 2009 the economy started to grow at a higher rate of 8.0% in the year 2010.〔(【引用サイトリンク】title=Background Note: Sri Lanka->section "Economy" )

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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