Sri Lanka’s year-on-year GDP growth rate for the first quarter of 2024 has been estimated as 5.3% of positive growth rate, according to the Department of Census and Statistics.

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 first quarter (January 1st to March 31st) of 2024. 

The GDP for the first quarter of 2024 at constant price (2015) has increased up to Rs. 3,329,583 million from Rs. 3,161,963 million which recorded in the first quarter of 2023. 

The year-on-year GDP growth rate for the first quarter of year 2024 has been reported as 5.3 per cent of positive growth rate. 

The Agricultural, Industrial and Services activities expanded by 1.1 per cent, 11.8 per cent and 2.6 per cent respectively in the first quarter of 2024

Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the year-on-year GDP growth rate for the first quarter of 2024 has been estimated as 5.3 per cent of positive growth rate. 

Accordingly, the Gross Domestic Product for Sri Lanka for the first quarter of the year 2024 at constant price (2015) has increased up to Rs 3,329,583 million from Rs. 3,161,963 million which recorded in the first quarter of the year 2023.