Sri Lanka upgraded to upper-middle income economy by World Bank
The World Bank has upgraded Sri Lanka to an upper-middle-income economy following a 5% GDP growth in 2025. This recovery marks a significant turnaround from the nation's 2022 sovereign default and economic collapse.
Why it matters
It signals a successful stabilization of the Sri Lankan economy after years of severe financial crisis.
The World Bank has upgraded Sri Lanka's status to an upper-middle-income economy, three years after the island nation faced the worst economic crisis , which pushed the country to the brink of collapse.
The article relies on official World Bank data and economic indicators to report the upgrade.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in