Sri Lanka’s Gross Domestic Product (GDP) for the year 2010 reached a three decade high, registering an 8.0 percent growth rate which is the second best GDP growth ever achieved post independence, according to the Department of Census and Statistics.
The economic output of the country at constant (2002) prices is estimated at Rs. 2,645.4 billion with a growth rate of 8.0 percent against last year’s output of Rs.2449.2 billion which registered a 3.5 percent growth rate.
The GDP growth rate is the second highest recorded post-independence while the highest recorded rate was 8.2 percent in 1968 and 1978.
The growth in the industry and services sectors was unprecedented registering growth rates of 8.4 and 8.0 percent respectively making the highest ever growth rates since 2002.
According to a statement released by the department, the year on year inflation as measured by Colombo Consumers’ Price Index (CCPI) is recorded at 5.9 percent in 2010 while in 2009 it was 3.4 percent