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Wednesday, March 19, 2014 - 04.20 GMT

7.3% growth in GDP recorded last year

 

The economic output of Sri Lanka as measured by GDP for the year 2013 recorded as 7.3 percent growth while in the fourth quarter of 2013 economy grew at a significant 8.2 percent, the Census and Statistics Department's latest report said.

The Industry Sector led the growth at 9.9 percent year-on-year (YoY) followed by the Services Sector at 6.4 percent while the Agriculture Sector grew at a rate of 4.7 percent YoY.

In Industry Sector, Mining and Quarrying recorded 11.5 percent growth YoY and Manufacturing grew 7.5 percent YoY. Textile, Wearing apparel & leather industry grew by 8.9 percent in 2013.

Cottage industries also showed a significant growth of 5.1 percent in 2013.

In Services sector, Hotels and Restaurants industry showed a strong growth of 22.3 percent YoY in 2013. Port and Telecommunications also posted a significant growth of 11.4 percent YoY last year.

In Agriculture Sector Tea industry showed a modest growth of 3.6 percent YoY in 2013 while both coconut and rubber production showed a decline. Rice production grew significantly by 19.5 percent YoY and Minor Crops showed a growth of 8.5 percent in 2013.



 

 
 
   
   
     
   
   

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Last modified: March 19, 2014.

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