By 2021, Sri Lanka's GDP will grow by 3.7%

Sri Lanka’s year-on-year Gross Domestic Product (GDP) growth rate for the year of 2021 has been estimated as 3.7 percent of positive growth rate, the Department of Census and Statistics says. 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 Statistics Department said three major economic activities of the economy – agriculture, industry and services – have contributed their share to the GDP at current prices by 9.0 percent, 27.8 percent and 57.5 percent, respectively, while ‘taxes less subsidies on products’ component has contributed 5.7 percent of share to the GDP in 2021.

In 2021, all three major activities recorded moderate positive growth rates of 2.0 percent, 5.3 percent and 3.0 percent respectively by agriculture, industrial and services activities, the communiqué said further.

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.