World Bank upgrades Sri Lanka to upper middle-income status

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World Bank Group has upgraded Sri Lanka to Upper Middle Income status, after the country recorded about 5% real GDP growth in 2025.

This marks a step up from its previous Lower Middle Income classification. The change reflects a stronger economic recovery and improving growth momentum following a challenging period.

The World Bank classifies economies into four income groups: Low Income, Lower Middle Income, Upper Middle Income, and High Income. The system is based on gross national income per person and is updated every year.

Sri Lanka’s latest upgrade signals an improved position in the global economic ranking, driven by its rebound in 2025.

Source : Newswire

More updates to come on AusNewsLanka.