Sri Lanka’s economy was one of the fastest growing among South Asian peers with an average growth of 6.1 percent and has estimated the growth rate of 8 % in the next 5 years, Sri Lanka's economy as transitioning from the factor-driven stage to the efficiency-driven stage, and have ranked 52nd. Sri Lanka is ranked 32nd in business sophistication, 42nd in innovation, and 41st in goods market efficiency.
Sri Lanka is the 57th most populated nation in the world with 20,277,597 people. Sri Lanka also ranked 45th in health and primary education. Sri Lanka Railways, spans 1,447 kilometres. Sri Lanka also has three deep-water ports, at Colombo, Galle, and Trincomalee, in addition to the newest port being built at Hambantota.
The Government of Sri Lanka’s efforts have strengthened growth performance. Sri Lanka aspiring to become a higher middle-income country, have an opportunity to move to new sources of growth and jobs by opening up to trade and diversifying its economy.