Sri Lanka’s poverty line sees drastic increase over a decade

Date:

August 11, Colombo (LNW): Sri Lanka’s official poverty line has experienced a significant threefold increase over the past decade, according to a recent report by the Department of Census and Statistics.

The poverty line rose from Rs 5,223 in 2012-2013 to Rs 17,014 by January 2024. The economic crisis of 2022 accelerated this rise, pushing inflation to unprecedented levels.

By May 2024, Colombo had the highest poverty line at Rs 17,608, followed closely by Gampaha at Rs 17,517 and Nuwara Eliya at Rs 17,169.

Districts such as Monaragala, Kilinochchi, and Hambantota recorded lower figures.

The official poverty line reflects the minimum income required for basic living expenses.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Considers Compensation for Colonial Abuses

Sri Lanka’s Parliament has become the latest arena in...

Sri Lanka’s US Trade Surplus Faces Test amid Rising Tariffs

Sri Lanka’s trade relationship with the United States remains...

World Bank Strategy Targets Jobs, Resilience after Sri Lanka Floods

With Sri Lanka facing recurring floods and cyclones that...

Rising IPO activity to Redefine Sri Lanka’s Capital Market Position

 Sri Lanka’s capital market trajectory in 2026 will be...