Sri Lanka’s Gross Domestic Product (GDP) contracted by 11.8% in the third quarter of 2022, the Department of Census and Statistics reported.
Releasing the National Accounts Estimates, the department further said that the GDP contracted by 8.4% in the 2nd quarter.
The GDP for the third quarter at a constant price (2015) has declined to Rs. 2,884,018 million from Rs. 3,269,510 million recorded in the third quarter of the year 2021.
In the third quarter, the overall Agriculture, Industry, and Services activities declined by 8.7%, 21.2%, and 2.6% respectively.
Full report: http://www.statistics.gov.lk/NationalAccounts/StaticalInformation/Reports/press_note_2022q3_en (NewsWire)