GDP Growth Rate in Sri Lanka is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In contrast, a sharp decline was recorded in the tourism sector as reflected in accommodation, food & beverage services (-6.2 percent vs -5.4 percent), following the cancellation of all passenger flights from late March to prevent the spread of the coronavirus pandemic. On the other hand, agriculture, forestry and fishing output slowed (0.4 percent vs 0.7 percent). For a few countries where the official exchange rate does not reflect the rate effectively … We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. In the long-term, the Sri Lanka GDP is projected to trend around 88.00 USD Billion in 2021 and 97.00 USD Billion in 2022, according to our econometric models. However, the Gross Domestic Product for Sri Lanka for the first quarter of 2020 at current price has increased marginally, up to Rs. 3,845,900 million from Rs. COLOMBO (News1st): Sri Lanka’s economic growth for the first quarter of 2020 has dwindled drastically to minus 1.5 percent compared to 3.7 percent during 2019’s first quarter, official data show. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Aug 06, 2020 (LBO) – Sri Lanka’s GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when compared to the 3.7 percent of positive growth recorded in the first quarter of 2019. Sri Lanka gdp growth rate for 2019 was 2.28%, a 1.02% decline from 2018. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. In Sri Lanka, services are the biggest sector of the economy and account for 58 percent of total GDP. Direct access to our calendar releases and historical data. The four major components of the economy, ‘Agriculture’, ‘Industry’, ‘Services’ and ‘Taxes less subsidies on products’ have contributed their share to the GDP at current prices by 7.3%, 28.4%, 58.3%, and 6.0% respectively, in the first quarter of 2020. Aug 06, 2020 (LBO) – Sri Lanka’s GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when compared to the 3.7 percent of positive growth recorded in the first quarter of 2019. The Trading Economics Application Programming Interface (API) provides direct access to our data. The remaining 12 percent is contributed by agriculture, livestock, forestry and fishing. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Department of Census and Statistics - Sri Lanka, Sri Lanka Holds Interest Rates Unchanged at 4.5%, Sri Lanka Services Growth Slows in September, Sri Lanka Factory Activity Rises at a Faster Pace, Sri Lanka Producer Inflation Eases Slightly, Sri Lanka Tourist Arrivals Halt for 6th Month, Sri Lanka Posts Lowest Trade Gap since 2009, Sri Lanka GDP Contracts for 1st Time since 2003, Sri Lanka Q1 Current Account Balance Shifts to Gap, TSX Drops on Friday, Books 4.5% Weekly Loss, Brent Crude Down for 3rd Day to Book Biggest Weekly Loss since April, WTI Crude Tumbles 11% in October on Demand Concerns, Kenya October Inflation Rate at 5-Month High of 4.84%. Designed by Lanka Business Online (Pvt) Ltd. 2,330,053 million recorded in the first quarter of 2019. The GDP release dates are published in the Advance Data Release Calendar (ADRC) of the Department website. The Department of Census and Statistics, releasing preliminary national accounts estimates, said yesterday that the he Department of Census and Statistics, releasing preliminary national accounts estimates, said yesterday that the Gross Domestic Product for Sri Lanka for the first quarter of 2020 at constant (2010) price has declined, down to Rs. Meanwhile, services expanded modestly (3.1 percent vs 2.7 percent), boosted by wholesale and retail trade (4.1 percent vs 4 percent); IT programming consultancy and related (9.6 percent vs 8.2 percent) and financial activities (9 percent vs 0.1 percent). Sri Lanka GDP Growth Rate - values, historical data and charts - was last updated on October of 2020. GDP in Sri Lanka is expected to reach 82.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. Industry accounts for 30 percent of total output. Considering full 2019, the economy advanced 2.3 percent, well below 3.3 percent in 2018. Production in agriculture, forestry and fishing fell 4.1 percent (+1 percent in Q3) and industrial activity slowed (1.4 percent vs 3.5 percent) while the services sector rose 2.7 percent, faster than 2.1 percent in Q3. 2003-2020 Data | 2021-2022 Forecast | Calendar. LBO is the pioneer and leader in online business and economics news in Sri Lanka, LBO brings you a more comprehensive online news experience, integrating a host of interactive tools to keep you better informed. Sri Lanka’s GDP contracts by 1.6% in 1Q 2020. Accordingly, the first quarter GDP estimates should have been released on 19 June 2020. The growth was mainly boosted by an increase in services (2.8 percent compared to 1.6 percent in Q2), particularly wholesale and retail trade (2.1 percent vs 1.2 percent) and industrial activities (3.3 percent vs 1.3 percent). Sri Lanka gdp … Within industry, manufacturing represents 18 percent of GDP and mining and construction account for 10 percent. Sri Lanka Inflation Rate Rises to 3-Month High of 4.2% 2020-07-31 Sri Lanka Inflation Rate at Near 1-Year Low of 3.9% 2020-06-30 Sri Lanka Inflation Rate In Sri Lanka, the Consumer Price Index (CPI) is composed of two main groups: Food items (41 percent) and Non-food items (59 percent).

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