Sri Lanka achieved ‘Upper Middle Income Country’ (UMIC) status in July 2019, as the country’s Gross National Income (GNI) increased from USD 3,840 per capita in 2018 to USD 4,060 per capita in 2019. Sri Lanka scraped by the line of demarcation to enter the new threshold for UMICs and is still at the lower end of the spectrum. This blog presents some important points statisticians, planners, and policymakers should consider when developing methodologies and measurements to estimate poverty in Sri Lanka in the future.
Income poverty (IP) has been decreasing steadily in Sri Lanka during the last three decades. However, there is much more to be done in terms of “ending poverty in all its forms everywhere,” as envisaged in the first Sustainable Development Goal (SDG). In this regard, it is essential to pay attention to the existing regional variations, disparities between socio-economic groups, the multidimensional nature of poverty, and related issues, when developing poverty alleviation strategies.