By: Isuru Parakrama
Colombo (LNW): The year-on-year (y-o-y) Gross Domestic Product (GDP) growth for 2022 indicates a negative growth of 7.8 per cent, Census Statistics data revealed.
The Census report reveals estimated GDP at the current price and at constant (2015) price in the production approach and other macroeconomic indicators for the fourth quarter of 2022, from 01st of October to 31st of December.
The GDP for the year 2022 at constant price (2015) has declined to Rs. 12,017,849 million from Rs. 13,037,934 million recorded in the previous year.
The y-o-y GDP growth rate for 2022 is reported to be a negative growth rate of 7.8 per cent.
The setback has also affected the three main economic sectors of Agriculture, Industry and Service activities, leading to a decline of 4.6 per cent, 16 per cent and 2 per cent in order in 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 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
