COLOMBO: Sri Lanka’s economy advanced 5.50 percent year-on-year in the first quarter of 2016, following 2.5 percent expansion in the previous period. The main drivers of the growth were: construction (+12 percent), manufacturing (+8 percent), wholesale and retail trade (+5.7 percent), financial service (+15.9 percent) while agriculture have shown only a slight increase (+1.9 percent). GDP Annual Growth Rate in Sri Lanka averaged 6.18 percent from 2003 until 2016, reaching an all time high of 16.12 percent in the first quarter of 2012 and a record low of 0.50 percent in the fourth quarter of 2013. GDP Annual Growth Rate in Sri Lanka.
In Sri Lanka, services are the biggest sector of the economy and account for 58 percent of total GDP. Within services the most important segments are: wholesale and retail trade (21 percent); transport and communication (13 percent) and banking, insurance and real estate (11 percent). Industry accounts for 30 percent of total output. Within industry, manufacturing represents 18 percent of GDP and mining and construction account for 10 percent.
The remaining 12 percent is contributed by agriculture, livestock, forestry and fishing. This page provides the latest reported value for – Sri Lanka GDP Annual Growth Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka GDP Annual Growth Rate – actual data, historical chart and calendar of releases – was last updated on September of 2016.
