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ECONOMYNEXT – Sri Lanka government’s approval rating had moved up to 10 per cent in October 2022 from 3 per cent in June, a survey by Verité Research, a Colombo-based think tank has found.

The ‘Mood of the Nation’ styled survey was conducted for the third time by Verité Research with their polling partner Vanguard Survey (Pvt) Ltd.

It had a sample of 1,018 Sri Lankan adults, conducted in October 2022. It could have an error margin of under 3 per cent at a 95 per cent confidence interval.

1.Government approval rating | 10% |

To the question, “Do you approve or disapprove of the way the current government is working?” only 10% said they approve. The rating was 10 per cent was also January 2022 and fell to 3 per cent in June

2.Sri Lanka satisfaction | 7% |

To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 7% said they were satisfied. This rating was at 6% in January and 2% in June, 2022.

3. Economic confidence | negative (-) 77.9 |

Multiple choice questions on the condition and trajectory of the economy were used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively.

If everyone thinks that the economy is in a poor condition (instead of good or excellent), and everyone also thinks it is getting worse (rather than better), then the score will be a (-) 100.

In October 2022, 0.5% rated the economic condition as excellent, 4.8% rate it as good; and 16.2% rated it as getting better. The resulting score was a (-) 77.9 (rounded off as (-) 78). This rating was (-) 83 in January and (-) 96 in June. (Colombo/Oct31/2022)


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