Srilanka is a lower middle-income country developing nation with a gross domestic product of about $32 billion. This translates into a per capita income of $1,600. Despite tsunami's severe disaster, the country is moving towards market based economy that encourages exports and foreign investments. The GDP of the country is growing at a rate of 4.5% in terms of PPP. Presently, the government is following a statist policy of promoting civil service, agriculture, and SME's. The government has halted most of the privatizations instead it plans to retain ownership and management of these enterprises and make them profitable.