The year-on-year Gross Domestic Product (GDP) growth rate for the year 2022 has been reported as a 7.8 per cent of negative growth rate, the Department of Census and Statistics reported.
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated GDP at the current price and at constant (2015) price in the Production approach and the other macroeconomic indicators for the fourth quarter from October 1st to December 31st of 2022 and for the year from January 1st to December 31st of 2022.
According to the report, the GDP for the year 2022 at the constant price (2015) has declined to Rs. 12,017,849 million from Rs. 13,037,934 million recorded in the year 2021.
The year-on-year GDP growth rate for the year 2022 has been reported as a 7.8 per cent of negative growth rate.
The overall Agriculture, Industry and Services activities declined by 4.6 per cent, 16.0 per cent and 2.0 per cent respectively, in the year 2022.
The GDP for Sri Lanka for the fourth quarter of the year 2022 at the constant price (2015) has declined to Rs. 2,917,721 million from Rs. 3,331,073 million recorded in the year 2021, registering a negative growth rate of 12.4 per cent.
Full report: http://www.statistics.gov.lk/NationalAccounts/StaticalInformation/Reports/press_note_2022q4_en (NewsWire)
