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
Mobitel Inner

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 Upahara
VideoStories
President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

Lassana Flora