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

Tea Prices Slide as Official Optimism Masks Market Strain

Sri Lanka’s tea industry entered 2026 on visibly shaky...

Plantation Dreams, Financial Nightmares: CBSL Moves against Illegal Investment Schemes

Sri Lanka’s Central Bank has launched investigations into at...

SL’s New Tax Unit Signals Shift Toward Rule-Based Fiscal Management

Sri Lanka’s Finance Ministry has taken a decisive institutional...

Sri Lanka Renewable Energy Plan Sets Aggressive Path to Electricty Transition

The Cabinet’s approval of the Renewable Energy Resources Development...