rank/measure.........rank/measure........................rank/measure
120/1,623.............114/1,622............................129.1,172
Economy
Sri Lanka’s economic freedom score is 60.7, making its economy the 81st freest in the 2013 Index. Its score is 2.4 points higher than last year, reflecting improvements in half of the 10 economic freedoms including fiscal freedom, investment freedom, and the control of government spending. Sri Lanka is ranked 13th out of 41 countries in the Asia–Pacific region, and its score is above the world and regional averages.
Recording significant score gains for the third consecutive year, and with the third largest score improvement in the 2013 Index, Sri Lanka has regained the rank of “moderately free” that it last held in 2005. Notable reforms have eased foreign exchange controls and reduced both individual and corporate marginal income tax rates to below 30 percent.
Substantial challenges remain in the struggle to promote stable long-term economic development, and lingering institutional weaknesses call for much greater commitment to reform, particularly in two areas. Sri Lanka continues to score below the world average in freedom from corruption and the protection of property rights, and marginal reforms in these critical areas have failed to generate much improvement
