Sri Lanka GDP Growth Rate

The Gross Domestic Product (GDP) in Sri Lanka expanded 8.2 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Growth Rate in Sri Lanka is reported by the Department of Census and Statistics - Sri Lanka. GDP Growth Rate in Sri Lanka averaged 6.30 Percent from 2003 until 2013, reaching an all time high of 8.60 Percent in the fourth quarter of 2010 and a record low of -0.31 Percent in the fourth quarter of 2013. Sri Lanka is a developing economy off the southern coast of India. In spite of years of civil war, the country has recorded strong growth rates in recent years. The main sectors of the Sri Lanka's economy are tourism, tea export, apparel, textile and rice production. Remittances also constitute an important part of country's revenue. This page provides - Sri Lanka GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.20 7.80 8.60 -0.31 8.57 | 2014/03 2003 - 2013 Percent Quarterly

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Sri Lanka GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 1884.23 2012-12-31 1724.83 1884.23 336.72 2118.59 2014-06-30 USD [+]
GDP per capita PPP 5384.26 2012-12-31 4928.75 5384.26 1553.05 6053.95 2014-06-30 USD [+]
GDP 59.42 2012-12-31 59.17 59.42 1.42 67.02 2014-06-30 USD Billion [+]
GDP Growth Rate 8.20 2013-12-31 7.80 8.60 -0.31 8.57 2014-03-31 Percent [+]
GDP Annual Growth Rate 8.20 2013-12-31 7.80 8.60 1.50 8.57 2014-03-31 Percent [+]
GDP Constant Prices 843246.00 2013-11-15 845869.00 845869.00 394341.00 886609.97 2014-06-30 LKR Million [+]
Gross Fixed Capital Formation 2536648.00 2013-06-30 2189805.00 2536648.00 357.00 2207896.10 2012-12-31 LKR Million [+]
Gross National Product 8438960.00 2013-06-30 7423623.00 8438960.00 4115.00 8527292.61 2013-12-31 LKR Million [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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Sri Lanka Prime Lending Rate at 9.90 Percent  
Bank Lending Rate in Sri Lanka decreased to 9.90 percent in December of 2013 from 10.50 percent in November of 2013. Bank Lending Rate in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Capacity Utilization at 81.00 Percent  
Capacity Utilization in Sri Lanka increased to 81 percent in 2013 from 80 percent in 2012. Capacity Utilization in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Car Registrations at 2727.00 Cars  
Car Registrations in Sri Lanka increased to 2727 Cars in October of 2013 from 2586 Cars in September of 2013. Car Registrations in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Changes in Inventories at 28850.00 LKR Million  
Changes in Inventories in Sri Lanka decreased to 28850 LKR Million in 2013 from 128448 LKR Million in 2012. Changes in Inventories in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Consumer Price Index (CPI) at 177.90 Index Points  
Consumer Price Index (CPI) in Sri Lanka increased to 177.90 Index Points in March of 2014 from 177.80 Index Points in February of 2014. Consumer Price Index (CPI) in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Consumer Spending at 5797525.00 LKR Million  
Consumer Spending in Sri Lanka increased to 5797525 LKR Million in 2013 from 5274451 LKR Million in 2012. Consumer Spending in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Export Prices at 137.40 Index Points  
Export Prices in Sri Lanka remained unchanged at 137.40 Index Points in December of 2013 from 137.40 Index Points in November of 2013. Export Prices in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka GDP Constant Prices at 843246.00 LKR Million  
GDP Constant Prices in Sri Lanka decreased to 843246 LKR Million in the fourth quarter of 2013 from 845869 LKR Million in the third quarter of 2013. GDP Constant Prices in Sri Lanka is reported by the Department of Census and Statistics - Sri Lanka.
Sri Lanka GDP Deflator at 265.57 Index Points  
GDP Deflator in Sri Lanka increased to 265.57 Index Points in 2013 from 248.86 Index Points in 2012. GDP Deflator in Sri Lanka is reported by the Central Bank of Sri Lanka.
Sri Lanka Government Budget Value at 37609.00 LKR Million  
Sri Lanka recorded a government budget surplus of 37609 LKR Million in December of 2012. Government Budget Value in Sri Lanka is reported by the Ministry Of Finance and Planning - Sri Lanka.
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