GDP grows 6.4% in 2Q12

17 September 2012 11:48 am Views - {{hitsCtrl.values.hits}} 7 Bookmark

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Sri Lanka's Gross Domestic Product (GDP) grew 6.4 percent in the second quarter of 2012 (2Q12) from a year earlier, the lowest since 2009, the data released by the Census and Statistics Department showed.

The agriculture sector grew 9.1 percent during the quarter against1.8 percent recorded in the previous year while the industry sectors growth remained flat at 9.5 percent. The services sector moderated to 4.5 percent from previous year's 8.8 percent.

However, compared with the first quarter of 2012 (1Q12) the industrial sector’s growth fell to 9.5 percent from 10.8 percent while services sector moderated to 4.5 percent from 5.8 percent in the previous three months.(Indika Sakalasooriya)

Comments - 7

Calistus Jayatilleke Monday, 17 September 2012 12:40 PM

But the commissions earned by the politicians may have definitely gone up by at least 20%

7 36

Babi Achci Monday, 17 September 2012 12:38 PM

A 6.4% growth is big with the present economic situation. It does not show. Please check your arithmetic.

4 23

Fusion Monday, 17 September 2012 01:35 PM

Must be the black-market GDP.

8 30

Shace-UK Monday, 17 September 2012 01:49 PM

GDP grows 6.4% and Boat people grows by 20%...there is fundermentally something wrong in SL!!!!

5 30

Tharma Monday, 17 September 2012 03:08 PM

What is the GDP growth of Rajapaksa & Bors Unlimited?

7 23

John Monday, 17 September 2012 04:44 PM

What's the source of this data ... CB governor?!

5 21

Manik Tuesday, 18 September 2012 12:12 AM

So can the Govt reduce oil prices at least now.

1 14

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