Sri Lanka GDP grows 7.8-pct in 2014 second quarter: Census Dept

Sep 16, 2014 (LBO) – Sri Lanka’s gross domestic product was up 7.8 percent in the second quarter of 2014 compared to 7.6 percent in the same period last year, the state statistics office said. The total economic output in Sri Lanka, measured by the Gross Domestic Product for the second quarter 2014 (April, May, June) was 840,653 million rupees compared to the second quarter of 2013 which was estimated as 779,974 million rupees.

The three main pillars of the economy, Agriculture, Industries and Services sectors has shared the GDP at constant price (2002) by 10.6 percent, 31.5 percent and 58 percent respectively in the second quarter of 2014.

The statistics office said agriculture sub sector including agriculture, livestock and forestry grew 5.9 percent against a 0.5 percent contraction last year with tea up 7.1 percent, coconut up 9.4 percent, rubber declined 3.7 percent, rice production down 5.7 percent and sub sector vegetables which shares the 3.3 percent of GDP in the same period of last year has increased by 8.9 percent during the period of 2014.

Fishing was up 10.5 percent with inland fishing up 73.0 percent by marine up 4.0 percent.

Industry was up 12.2 percent, w