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Last Updated : 2024-05-10 21:33:00
Middle-income trap
Sri Lanka’s economy entered into the middle-income territory in 1998. This, according to today’s rates is US $ 1,090 – 12,665 threshold. The country’s official state economic institutions maintain that we are steadily progressing from the rank of a lower-middle-income country towards the next higher income bracket of US $ 4,000 – 8,000.Add comment
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