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Wednesday, 16 March 2016 - 10:27
Sri Lanka's GDP Expands At 4.8 Percent In 2015
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The economic output of Sri Lanka as measured by Gross Domestic Product (GDP) for the whole year 2015 has recorded 4.8 percent growth compared to 2014, according to the data released by the Department of Census and Statistics (DCS) Tuesday.

The GDP in 2015 has reached up to Rs. 8.622 trillion compared to Rs. 8.229 trillion reported for 2014 resulting a positive growth rate of 4.8 percent for the year 2015.

The economic growth rate of the country for the year 2014 has been revised from 4.5 to 4.9 percent, the DCS said.

The four major components of the economy: Agriculture, Industry, Services and Taxes less subsidies on products has contributed their share to the GDP at constant price (2010) by 7.9 percent, 26.2 percent, 56.6 percent and 9.3 percent respectively in the year 2015.

During the year 2015, all the three major economic activities have expanded showing a significantly higher growth rates. It reported 5.5 percent, 3.0 percent and 5.3 percent growth rates respectively for Agriculture, Industries and Services activities.

The GDP for the fourth quarter from September to December reached up to Rs. 2.387 trillion registering a 2.5 percent growth rate compared to the same period in 2014.

During the 4th quarter of 2015, the Agriculture activities have reported a slight decline by 0.5 percent. In the meantime Industrial and Services activities have recorded positive growth rates of 1.9 percent and 2.7 percent respectively.

GDP growth rates for the 1st, 2nd and 3rd quarters of the year 2015 have been reported as 4.4 percent, 7.0 percent and 5.6 percent respectively.

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