The Sri Lanka Prosperity Index (SLPI) compiled by the Central Bank rose by 6.8 per cent to 66.8 in 2012, from 62.5 in 2011 reflecting economic and social developments in the country.
“It is a multi-dimensional indicator, consisting of three (3) sub-indices, namely the Economy and Business Climate, the Well-Being of the People and the Socio-Economic Infrastructure”, stated the Central Bank.
The SLPI increased during 2012, with an improvement in all three sub-indices. The most marked improvement was observed in the Socio-Economic Infrastructure sub-index, which rose by 8.2 per cent in 2012 from 6.7 per cent in 2011. The Economy and Business Climate sub-index increased by 5.3 per cent, while the Well-Being of the People sub-index increased by 6.9 per cent in 2012, according to the Central Bank.
The Prosperity Index enables national policy makers, provincial authorities, and business and community stakeholders to measure the prosperity of provinces in a more holistic manner.
This index could also be used to identify strengths and weaknesses of provinces and to formulate policies for attaining higher standards and to reduce regional disparities leading to balanced growth in the country, the Bank added.
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