Prosperity Index 2015 Sri Lanka
Prosperity, as measured by the Sri Lanka Prosperity Index (SLPI) 1, which is a composite indicator that measures and compares the level of prosperity of the country and its provinces, improved to 0.864 in 2015 by 0.804 the year previous. The analysis of movements in the period 2014-2015, the improved SLPI, as well as improvements in the sub-indices of the economy and the business climate and the welfare of the peoples, while the moderation observed in the index Socio-economic infrastructure.
Improvements in per capita gross domestic product, wages in the informal sector, industrial bank density and density have contributed to improving the economic and business climate index. In terms of the sub-index of human well-being, improvements are mainly due to the high performance of health service availability, availability and quality of education, population abundance and Availability and use of entertainment facilities. Moderation of the sub-index of socio-economic infrastructure was due to moderate levels of public expenditure for the development of the road and the availability of means of transport as a whole. However, aspects of the availability of electricity, telecommunications equipment and free environment crime in Sri Lanka have shown marginal improvements in the socio-economic sub-index of infrastructure over the period 2014-2015.
SLPI and all its sub-indices show a growing trend over the past five years. While the welfare of the population index tends to reflect improvements smoothly, SLPI trends and the other two sub-indices reflect some moderation in recent years. Over the period 2014 - 2015, the welfare of individuals index increased more rapidly than the Subindex of the economy and business climate and socio-economic infrastructure index.
Following recent trends in prosperity, western province leads with the highest value of the overall provincial rate of 1275, driven mainly by maintaining the highest standards in the economy and business climate index. Southern Province has managed to maintain its second position in 2015 with the largest contribution from social assistance index. The improvement in the three-position range in the North Central Province was marked in 2015 due to improvements in the three sub-indices. In the central, northern, western and northern provinces, which are located at 4th, 5th and 6th positions respectively changes were observed in the range of one position due to the relative performance of the sub-indices Compared to other provinces. In the provinces of Sabaragamuwa, Uva and the North, despite the increase in index values, relative ranking positions are unaffected by 2015. Provincial performance is detailed in Figure 2 and Table 2.
Sub-index Economy and Business Climate
In analyzing the movements of the economy and business climate index, compared to provincial performance, western province held its leading position, followed by the central and western provinces. The highest observed in standards of living standards, poverty, price stability, formal sector employment and industrial density are among the main drivers of high performance in the western province. While the other provinces have remained unchanged or improved their positions, there is a change in the range of three positions in the Northern Province due to poor performance in areas of standard of living, poverty and industrial density, Other provinces in 2015. The performance of the provinces in the trade and economic climate index detailed in Figure 3 and Table 2.