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7136-3-INS-AQA ECONOMICS-A-QUESTION PAPER 5Jun23-

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Extract A: The economy of Sri Lanka Sri Lanka is one of the main economies in South Asia. Others include Bangladesh, India and Pakistan. South Asia has almost a quarter of the world’s population, it is densely populated and experienced rapid economic growth between 2013 and 2019. Figure 1: Population and population density for selected countries in South Asia Population (millions) Population density (people per square kilometer) Bangladesh 164.7 1265 India 1380.0 464 Pakistan 220.9 287 Sri Lanka 21.9 354 Source: World Bank, accessed February 2022 Sri Lanka is a lower-middle-income country with a GDP per head of US$3,852 in 2019. In the decade up to 2019, its average rate of growth of real GDP was 5.25%. The service sector makes up nearly 60% of the country’s economy, the industrial sector makes up over 25% and agriculture accounts for just under 10%. Tourism is one of the main industries in Sri Lanka. The pandemic meant that the revenue earned by the industry fell dramatically but is expected to recover. Sri Lanka is the world’s fourth largest producer and the third largest exporter of tea. Textiles is another important industry, accounting for over a third of the country’s merchandise export revenue. 5 10 Source: News reports, February 2022.

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AQA
A-level
ECONOMICS
Paper 3 Economic Principles and Issues


Insert
DO NOT WRITE ANY ANSWERS IN THIS INSERT. YOU MUST ANSWER THE
QUESTIONS IN THE ANSWER BOOKLET PROVIDED.

The economic performance of Sri Lanka


Questions 31 to 33


• Extract A: The economy of Sri Lanka

• Extract B: Selected economic indicators for Bangladesh, Pakistan and Sri Lanka

• Extract C: The market for tea

• Extract D: The rising level of Sri Lanka’s government debt is a cause for concern




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