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The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32] and $296.959 billion by purchasing power parity (PPP). [ 33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
On 20 May 2010, Foxtel and Microsoft announced a new way of receiving Foxtel through Xbox 360's online service Xbox LIVE. [33] The service launched November 2010 with 30+ channels and an additional 12 Video-on-demand channels.
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
As of July 2024, the Japanese yen traded at more than 150 per dollar, its highest rate since the mid-1980s. The yen was trading at 105 per dollar at this point five years ago.
The president of Sri Lanka is the elected head of state and the chief executive of Sri Lanka (formerly Ceylon). The president is a dominant political figure in the country. The office was created in 1972, as more of a ceremonial position. It was empowered with executive powers by the 1978 Constitution introduced by J. R. Jayewardene.
Sri Lanka is the world's fourth-largest producer of tea. In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [ 2] after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was ...
The Labor Department announced Wednesday that the 12-month inflation rate had fallen to 2.9%, its lowest level since 2021. On a monthly basis, prices rose 0.2%. Food prices were up 2.2% on the year.
The Sri Lankan Rupee ( Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala: සත, Tamil: சதம் ), but cents are rarely seen in circulation due to its low value. It is issued ...
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