Sri Lanka’s economy shrinks in second quarter of 2022

 

Sri Lanka’s Department of Census and Statistics (DCS) states that the year-on-year GDP growth rate for the second quarter of 2022 has been estimated as 8.4 percent of negative growth rate, against the value reported in the same quarter in the year 2021. 

According to the report, the Gross Domestic Product for Sri Lanka for the second quarter of year 2022 at current price reported as Rs. 5,374,716 million. 

The Gross Domestic Product for Sri Lanka for the second quarter of year 2022 at constant price (2015) reported as Rs. 2,782,114 million. 

In the second quarter of year 2022, the percentage change of current price GDP reported as 33.3 percent and the year on year GDP growth rate reported as negative 8.4 percent.