Sri Lanka, like most southeastern Asia countries, has an economy that is heavily reliant upon the agricultural sector. The chief products that are produced (and many of them exported) are coffee, cinnamon, tea, rubber, coconut, nutmeg, cloves, cocoa, cardamom, tobacco, and citronella. For subsistence farming, fruit, vegetables, and rice are produced to sustain the local population. Sri Lanka also has a flourishing mining industry and is known for its graphite, as well as precious gems, limestone, clay, and iron ore. Since the 1980s, however, the chief contributor to the Sri Lankan economy is the textiles industry. Other industries that are present in Sri Lanka also include banking and financial services. However, the Sri Lankan economy isn't developed enough to support itself, so Sri Lanka is the recipient of large amounts of international aid to support its people. The current GDP per-capita in Sri Lanka is $5,271 per person, which is the 105th highest in the world.
The national government in Sri Lanka is governed by a written constitution that was drafted in 1978. The national constitution provides for a president to rule the country, and the president is elected by his or her constituents to six-year terms. The government is also comprised of a national legislative assembly that has 225 representatives, who also are elected by the popular vote of the people to serve six-year terms. The current President of Sri Lanka is President Chandrika Bandaranaike Kumaratunga, who was first elected in 1994, and was re-elected in 2000.
Published by Mac Walton
I'm amateur journalist who has a passion for writing and political analysis, as such, most of my articles relate to political science. View profile
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1 Comments
Post a CommentThanks for the article, it was very informative.