Sri Lanka has achieved Rs.911,064 million of total economic output as measured by Gross Domestic Product of the country at constant prices (2002) for the third quarter of 2014 (July, August, September) over Rs.846,102 million reported in third quarter of 2013 achieving a 7.7 percent of positive growth rate the Department of Census and Statistics (DCS) Sri Lanka said yesterday.
The three mainstays of the economy, Agriculture, Industries and Services sectors has shared the GDP by 10.1 percent, 31.2 percent and 58.7 percent respectively in the third quarter of 2014.
The sub sectors, 'Tea' and 'Vegetables' showed a striking increase of 10.8 percent and 11.5 percent respectively over the corresponding time period, while the sub sectors of 'Firewood and forestry', 'Coconut' and 'Highland crops' also have showed an increase in growth rates by 9.6 percent, 7.0 percent, 6.7 percent respectively during this period. The main sub sector of Paddy reported a high drop of growth by 35.5 percent in third quarter of 2014 compared to third quarter 2013.
Sub sectors of 'Rubber' and 'Inland fishery' has shown 32.0 and 24.8 percent decrease in third quarter 2014 compared to the third quarter of 2013.
Therefore the main sector of 'Agriculture, Livestock, Forestry' and 'Fishery' has reported a decline in growth rate by 2.0 percent in the third quarter of 2014, compared to third quarter 2013. The Industry sector all together showed an 12.6 percent increase within this period. The sub sectors of 'Mining and quarrying', and 'Manufacturing' has achieved 14.2 and 3 8.8 percent growth rates respectively.
The sub sectors of 'Electricity, gas and water' and 'Construction' have increased by 8.4 and 21.0 percent in third quarter 2014 compared to the third quarter 2013.
The Services sector, which is the largest contributor to the Gross Domestic Product contributes 58.7 percent, reported a 7.0 percent increase for the third quarter of 2014 with compare to the respective quarter in 2013.
www.dailynews.lk
The three mainstays of the economy, Agriculture, Industries and Services sectors has shared the GDP by 10.1 percent, 31.2 percent and 58.7 percent respectively in the third quarter of 2014.
The sub sectors, 'Tea' and 'Vegetables' showed a striking increase of 10.8 percent and 11.5 percent respectively over the corresponding time period, while the sub sectors of 'Firewood and forestry', 'Coconut' and 'Highland crops' also have showed an increase in growth rates by 9.6 percent, 7.0 percent, 6.7 percent respectively during this period. The main sub sector of Paddy reported a high drop of growth by 35.5 percent in third quarter of 2014 compared to third quarter 2013.
Sub sectors of 'Rubber' and 'Inland fishery' has shown 32.0 and 24.8 percent decrease in third quarter 2014 compared to the third quarter of 2013.
Therefore the main sector of 'Agriculture, Livestock, Forestry' and 'Fishery' has reported a decline in growth rate by 2.0 percent in the third quarter of 2014, compared to third quarter 2013. The Industry sector all together showed an 12.6 percent increase within this period. The sub sectors of 'Mining and quarrying', and 'Manufacturing' has achieved 14.2 and 3 8.8 percent growth rates respectively.
The sub sectors of 'Electricity, gas and water' and 'Construction' have increased by 8.4 and 21.0 percent in third quarter 2014 compared to the third quarter 2013.
The Services sector, which is the largest contributor to the Gross Domestic Product contributes 58.7 percent, reported a 7.0 percent increase for the third quarter of 2014 with compare to the respective quarter in 2013.
www.dailynews.lk
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