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)