Srilanka is a third world country or developing country?

Sri Lanka can be considered a developing country.

According to the World Bank's classification, countries are divided into four income groups: low-income, lower-middle-income, upper-middle-income, and high-income. Sri Lanka is classified as a lower-middle-income country.

The World Bank's classification is based on gross national income (GNI) per capita, which is a measure of a country's average income per person. Sri Lanka's GNI per capita in 2021 was $4,110, which is below the threshold for upper-middle-income countries of $4,256.

However, Sri Lanka has made significant progress in its economic development in recent decades. Between 2002 and 2021, its GNI per capita increased by more than 500%, and its poverty rate declined from 18.4% to 9.2%.

Sri Lanka is also facing some challenges, including high levels of unemployment, inflation, and public debt. However, it has the potential for further economic growth and social development.