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Economy

Sri Lanka and its cheap labor pool

Factory worker pay slow to go up despite economy's steady growth

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A man walks past a board of Sri Lankan currency presented by Central Bank in Colombo on Feb. 7.   © Reuters

When it comes to labor costs, Sri Lanka is a bargain, considering the size of its economy, according to statistics from the Japanese trade promotion organization known as JETRO.

Since the island's civil war ended in 2009, Sri Lanka's economy has been expanding. Its per-capita gross domestic product for 2015, as reported by the Central Bank of Sri Lanka, was $3,924 -- higher than the $3,377 in Indonesia, as released by Statistics Indonesia.

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