Is Sri Lanka a Developing Country? Key Insights

Discover the classification of Sri Lanka as a developing country and its progress in literacy and healthcare amid economic challenges.

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Sri Lanka is classified as a developing country. While it has made significant progress in areas like literacy and healthcare, it still faces challenges related to economic development and infrastructure.

FAQs & Answers

  1. What criteria classify a country as developing? Countries are classified based on economic performance, literacy rates, and healthcare access among other factors.
  2. What are the main challenges faced by developing countries? Common challenges include economic instability, inadequate infrastructure, and limited access to education and healthcare.
  3. How has Sri Lanka progressed in education and healthcare? Sri Lanka has made significant strides in literacy and healthcare, boasting high literacy rates and universal healthcare access compared to other developing nations.
  4. What is the definition of a less developed country? A less developed country typically has lower socioeconomic indicators, including poverty, limited industrialization, and inadequate infrastructure.