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Friday, 06 April 2012 - 13:52
Sri Lanka grows 8.3-pct in 2011
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Sri Lanka's economy grew 8.3 percent in the 2011 after growing at 8.0 percent in 2010, with fourth quarter growth also clocked at 8.3 percent.

Per capita gross domestic product was estimated at 2,836 US dollars up from 2,400 dollars a year earlier, up 18.2 percent.

In 2012 growth is expected to slow to 7.2 percent following a balance of payments crisis.

Agriculture grew 1.5 percent in 2011, industry 10.3 percent and services 8.6 percent, the department of Census and Statistics said.

Among the fastest growing sub-sectors in the economy was mining and quarrying at 18.5 percent, fishing 15.5 percent, construction 14.2 percent, hotels and restaurants 26.4 percent, transport and communications 11.3 percent and banking and real estate 7.9 percent.

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