header logo
Asia asset finance
Mogo Academy
Latest
Sri Lanka’s GDP contracted by 11.8% in third quarter 2022
Dec 15, 202205:05 PM
Sri Lanka’s GDP contracted by 11.8% in third quarter 2022

The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2015) price in Production approach and the other macroeconomic indicators for the third quarter (July 01 - September 30) of 2022. 

 

The Gross Domestic Product for Sri Lanka for the third quarter of year 2022 at current price reported as Rs. 6,417,031 million. 

 

The Gross Domestic Product for Sri Lanka for the third quarter of year 2022 at constant price (2015) reported as Rs. 2,884,018 million. 

 

In the third quarter of year 2022, the percentage change of current price GDP reported as 45.2 percent and the year on year GDP growth rate reported as negative 11.8 percent. 

 

The overall Agriculture, Industry and Services activities declined by 8.7 percent, 21.2 percent and 2.6 percent respectively, in the third quarter of 2022.

 

Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the year on year GDP growth rate for the third quarter of 2022 has been estimated as 11.8 percent of negative growth rate. 

 

Accordingly, the Gross Domestic Product for Sri Lanka for the third quarter of year 2022 at constant price (2015) has declined up to Rs. 2,884,018 million from Rs. 3,269,510 million which recorded in the third quarter of year 2021. 

 

 

 

 

MostRead
Mobitel 5g
VideoStories
 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Special Dengue Prevention Week in Colombo from June 15 to 21

Special Dengue Prevention Week in Colombo from June 15 to 21

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

Sri Lanka bans export of mineral resources without value addition

Sri Lanka bans export of mineral resources without value addition

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Lassana Flora