The World Bank Group has reclassified Sri Lanka as an Upper Middle Income country, moving it up from Lower Middle Income status following a reported 5% real GDP growth in 2025. The classification change places Sri Lanka among economies with higher income levels, reflecting recen…
The World Bank Group has reclassified Sri Lanka as an Upper Middle Income country, moving it up from Lower Middle Income status following a reported 5% real GDP growth in 2025. The classification change places Sri Lanka among economies with higher income levels, reflecting recent improvements in macroeconomic performance and growth momentum after a period of economic stress. The World Bank Group uses four income categories to classify countries: High Income, Upper Middle Income, Lower Middle Income, and Low Income. These classifications are based on gross national income per capita and are updated annually. Sri Lanka’s upgrade marks a notable shift in its economic standing within this global framework, following the rebound in growth recorded in 2025. (Newswire)