Lanka’s economy has grown 6.7% in the second quarter of 2015 against the 6.4% growth rate recorded in the first quarter, the Census and Statistics Department said.
The highest contribution to the GDP in the second quarter of 2015, was once again the Services sector which was at 61.2%. Agriculture sector grew 5% and industry grew 2.0%. Industry and Agriculture, forestry and fishing activities has shared the GDP by 23.5 percent and 7.5 percent respectively.
After a re-basing exercise in July this year the department said the new growth rate for the first quarter of 2015 was 5.1 percent.
The Department said GDP for the second quarter 2015 is based on production approach following the re-basing exercise. Sri Lanka’s GDP is now compiled by using the production approach, within 75 days.
www.dailynews.lk
The highest contribution to the GDP in the second quarter of 2015, was once again the Services sector which was at 61.2%. Agriculture sector grew 5% and industry grew 2.0%. Industry and Agriculture, forestry and fishing activities has shared the GDP by 23.5 percent and 7.5 percent respectively.
After a re-basing exercise in July this year the department said the new growth rate for the first quarter of 2015 was 5.1 percent.
The Department said GDP for the second quarter 2015 is based on production approach following the re-basing exercise. Sri Lanka’s GDP is now compiled by using the production approach, within 75 days.
www.dailynews.lk
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