INSUBCONTINENT EXCLUSIVE:
the year of 2021 at constant price has increased up to Rs
9,881,397 million from Rs
9,532,909 million which recorded in the year 2020
However, in the year 2020, the real GDP level reduced up to this said level from Rs
year-on-year GDP growth rate was calculated based on that reduced level of real GDP.In addition, the Gross Domestic Product for Sri Lanka
for the year 2021 at current price has increased up to Rs
16,809,309 million from Rs
15,027,374 million which recorded in the year 2020 registering 11.9 percent of positive change in the current price GDP.The Census and
component has contributed 5.7 percent of share to the GDP in 2021.In 2021, all three major activities recorded moderate positive growth
These recorded high growth rates come back as a result of the contraction reported in these activities in 2020.Meanwhile, with regard to the
performance in the fourth quarter of 2021, the Census and Statistics Department said GDP growth rate for this period was estimated as 1.8
percent of positive growth in comparison to the 1.3 percent of positive growth recorded in the fourth quarter of 2020.The GDP for Sri Lanka
for the fourth quarter of 2021 at constant price (2010) has increased up to Rs
2,814,879 million from Rs
2,766,420 million which recorded in the fourth quarter of 2020.In addition, the GDP for Sri Lanka for the fourth quarter of 2021 at current
price has increased up to Rs
4,574,030 million from Rs
4,050,859 million which recorded in the fourth quarter of 2020 registering 12.9 percent of change in the current price GDP.During the fourth
quarter of 2021, the overall services activities have reported 3.8 percent of considerable level of growth rate while the agriculture and
industrial activities have reported negative growth rates of 4.9 percent and 0.2 percent.
This article first appeared/also appeared in https://adaderana.lk
