GDP Growth 2.3 %

GDP Growth 2.3 %

The GDP growth rate of Sri Lanka for the year 2023 had been – 2.3 percent, the Department of Census and Statistics (DCS) said in a statement on Friday (15).

The overall agricultural activities expanded by 2.6 percent while Industrial and Services activities contracted by 9.2 percent and 0.2 percent respectively in the year 2023, according to DCS.

However, the GDP for the fourth quarter of 2023, compared to the fourth quarter of 2022, had recorded a 4.5 percent of positive growth, the DCS said.

The shares of three major economic activities of the economy; i.e. agriculture, industry, and services to the GDP, at current prices, were 8.3 percent, 25.6 percent and 59.9 percent respectively, the DCS said.

‘Taxes less subsidies on products’ component had contributed 6.2 percent of share to the GDP in the year of 2023, the DCS said.

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