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Economy Local time in Colombo : Friday, July 30, 2010

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Sri Lanka > Introduction > Economy
Economy

Sri Lanka is mainly and agricultural country. The chief crop is rice with which the country is almost self –sufficient . More than 80 per cent of the people work on small subsistence of farms ,where the main food crop is rice .Rice output grew in the 1980 s as a result of the expansion of land available for cultivation and from the impact of the Green Resolution . The nation has been self –sufficient in rice since the mid-1980s. Tea ,Rubber and Coconut are also important agricultural crops . In addition , other crops of importance are Cocoa ,nutmeg ,pepper and cloves . Fruit and Vegetables grow well in Sri Lanka .Is also a major exporter of precious and semi-precious stones .The last three decades have been tourism emerge as an important industry . There has also been a rapid growth in wide range of exports goods such as ,ready made garments , petroleum products .leather goods and electronic equipments. Sri Lanka is rich in industrial rocks and minerals such as graphite ,mica , silica sand , quartz , feldspar and gems stones . The nation is the world’s largest producer of graphite , a form of carbon that is used in the making of pencils .Long known as a land of gems , the island has dozen of varieties of precious and semi-precious gemstones . Mined around Rathnapura , the gems include sapphires ,rubies , aquamarines , moonstones ,topazes , garnets , amethysts and zircons .

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