Sri Lanka GDP grows 7.8-pct in 2013 third quarter: Census Dept

Nov 15, 2013 (LBO) – Sri Lanka’s gross domestic product expanded 7.8 percent in the third quarter of 2013 from a year earlier, and accelerating from 6.8 percent in the second quarter, the state statistics office said. The statistics office said agriculture grew 7.0 percent against a 0.5 percent contraction last year with tea down 5.1 percent, rubber down 28.1 percent, coconut down 32.3 percent but paddy up 56.5 percent from a contraction of 39 percent a year earlier.

Fishing was up 9.9 percent with inland fishing down 14.6 percent by marine up 17.5 percent.

Industry was up 8.1 percent, with mining and quarrying up 12.5 percent and manufacturing up 6.0 percent.

Textile and wearing apparel was up 6.6 percent and food beverages and tobacco was up 6.7 percent. Food beverages and tobacco was up 6.7 percent.

Construction was up 10 percent, and electricity was up 11.2 percent.

Services grew 7.9 percent with wholesale and retail trade up 7.9 percent. Import trade was up 9.1 percent and export trade was up 7.5 percent and domestic trade was up 6.3 percent.

Hotels and restaurants grew 13.6 percent, slowing from 25.3 percent a year earlier.

Transport and communications was up 11.8 percent wit