Sri Lanka achieves a 7.7pct positive growth rate in 3Q

November 26, 2024

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Development - Provincial

Sri Lanka achieves a 7.7pct positive growth rate in 3Q

December 19, 2014

Sri Lanka has achieved Rs.911,064 million of total economic output as measured by Gross Domestic Product of the country at constant prices (2002) for the third quarter of 2014 over Rs.846,102 million reported in third quarter of 2013 achieving a 7.7 percent of positive growth rate.

The three mainstays of the economy, Agriculture, Industries and Services sectors has shared the GDP by 10.1 percent, 31.2 percent and 58.7 percent respectively in the third quarter of 2014.

The sub sectors, ‘Tea’ and ‘Vegetables’ showed a striking increase of 10.8 percent and 11.5 percent respectively over the corresponding time period, while the sub sectors of ‘Firewood and forestry’, ‘Coconut’ and ‘Highland crops’ also have showed an increase in growth rates by 9.6 percent, 7.0 percent, 6.7 percent respectively during this period. The main sub sector of Paddy reported a high drop of growth by 35.5 percent in third quarter of 2014 compared to third quarter 2013. (ST/KH)