Start Business in Srilanka
Sri Lanka is ranked 100 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Sri Lanka improved to 100 in 2018 from 111 in 2017. Ease of Doing Business in Sri Lanka averaged 100 from 2008 until 2018, reaching an all-time high of 113 in 2014 and a record low of 83 in 2012. The country aims to be ranked among the top 70 in the Ease of Doing Business Index by 2020.
Measures were taken by the government (creation of free zones, reduction of food subsidies and other consumer goods), the country’s geographically strategic location near two high-growth regions (India and Southeast Asia), and its tourist potential (which is yet to be fully developed) are factors that are attractive to foreign investors.
About Sri Lanka
- Country- South Asia
- Population- 21M
- City Covered-Colombo
- DGP ( Purchasing Power Parity)- $275.8 billion (2017 est.)
- GDP - composition, by sector of origin
agriculture: 7.8% (2017 est.)
industry: 30.5% (2017 est.)
services: 61.7% (2017 est.)
- Labour Force - 8.937 million (2017 est.)
- Unemployement Rate- 4.4% (2017 est.)
If you wish to start a business in Sri Lanka, please do not hesitate to contact us.