Sri Lanka Economy grows 7.8% in 2013 third quarter

[Lankan Ranger]

Sri Lanka Economy grows 7.8-pct in 2013 third quarter

Sri Lanka's gross domestic product expanded 7.8 percent in the third quarter of 2013 from a year earlier, and accelerating from 6.8 percent in the second quarter, the state statistics office said.

The statistics office said agriculture grew 7.0 percent against a 0.5 percent contraction last year with tea down 5.1 percent, rubber down 28.1 percent, coconut down 32.3 percent but paddy up 56.5 percent from a contraction of 39 percent a year earlier.

Fishing was up 9.9 percent with inland fishing down 14.6 percent by marine up 17.5 percent.

Industry was up 8.1 percent, with mining and quarrying up 12.5 percent and manufacturing up 6.0 percent.

Textile and wearing apparel was up 6.6 percent and food beverages and tobacco was up 6.7 percent. Food beverages and tobacco was up 6.7 percent.

Construction was up 10 percent, and electricity was up 11.2 percent.

Services grew 7.9 percent with wholesale and retail trade up 7.9 percent. Import trade was up 9.1 percent and export trade was up 7.5 percent and domestic trade was up 6.3 percent.

Hotels and restaurants grew 13.6 percent, slowing from 25.3 percent a year earlier.

Transport and communications was up 11.8 percent with railway up 4.0 percent, cargo handling and aviation up 5.8 percent. Banking and insurance was up 6.7 percent.

Sri Lanka GDP grows 7.8-pct in 2013 third quarter: Census Dept

 

[Janmejay]

Sri Lanka Economy grows 7.8-pct in 2013 third quarter
Sri Lanka's gross domestic product expanded 7.8 percent in the third quarter of 2013 from a year earlier, and accelerating from 6.8 percent in the second quarter, the state statistics office said.

The statistics office said agriculture grew 7.0 percent against a 0.5 percent contraction last year with tea down 5.1 percent, rubber down 28.1 percent, coconut down 32.3 percent but paddy up 56.5 percent from a contraction of 39 percent a year earlier.

Fishing was up 9.9 percent with inland fishing down 14.6 percent by marine up 17.5 percent.

Industry was up 8.1 percent, with mining and quarrying up 12.5 percent and manufacturing up 6.0 percent.

Textile and wearing apparel was up 6.6 percent and food beverages and tobacco was up 6.7 percent. Food beverages and tobacco was up 6.7 percent.

Construction was up 10 percent, and electricity was up 11.2 percent.

Services grew 7.9 percent with wholesale and retail trade up 7.9 percent. Import trade was up 9.1 percent and export trade was up 7.5 percent and domestic trade was up 6.3 percent.

Hotels and restaurants grew 13.6 percent, slowing from 25.3 percent a year earlier.

Transport and communications was up 11.8 percent with railway up 4.0 percent, cargo handling and aviation up 5.8 percent. Banking and insurance was up 6.7 percent.

Sri Lanka GDP grows 7.8-pct in 2013 third quarter: Census Dept

Sri Lanka Economy grows 7.8-pct in 2013 third quarter
Sri Lanka's gross domestic product expanded 7.8 percent in the third quarter of 2013 from a year earlier, and accelerating from 6.8 percent in the second quarter, the state statistics office said.

The statistics office said agriculture grew 7.0 percent against a 0.5 percent contraction last year with tea down 5.1 percent, rubber down 28.1 percent, coconut down 32.3 percent but paddy up 56.5 percent from a contraction of 39 percent a year earlier.

Fishing was up 9.9 percent with inland fishing down 14.6 percent by marine up 17.5 percent.

Industry was up 8.1 percent, with mining and quarrying up 12.5 percent and manufacturing up 6.0 percent.

Textile and wearing apparel was up 6.6 percent and food beverages and tobacco was up 6.7 percent. Food beverages and tobacco was up 6.7 percent.

Construction was up 10 percent, and electricity was up 11.2 percent.

Services grew 7.9 percent with wholesale and retail trade up 7.9 percent. Import trade was up 9.1 percent and export trade was up 7.5 percent and domestic trade was up 6.3 percent.

Hotels and restaurants grew 13.6 percent, slowing from 25.3 percent a year earlier.

Transport and communications was up 11.8 percent with railway up 4.0 percent, cargo handling and aviation up 5.8 percent. Banking and insurance was up 6.7 percent.

Sri Lanka GDP grows 7.8-pct in 2013 third quarter: Census Dept
congratulations,i think its fastest in south asia and thats really impressive.

 

[Armstrong]

Wow 7.8% - Good Job !

 

[Lankan Ranger]

 

[faisal6309]

Good Job

 

[Lankan Ranger]

Sri Lanka is one of the 29 economies in the world that improved the most in the ease of doing business, according to a new global survey by the International Finance Corporation (IFC) & World Bank comparing 189 countries.

http://www.defence.lk/new.asp?fname...roved_economies_in_Doing_Business_20131030_07

 

[Chinese-Dragon]

Very impressive, 7.8% that is the same GDP growth rate as China right now.

 

[Lankan Ranger]

Sri Lanka may become first Developed country in South Asia....

 

[NGV-H]

Also interesting that industry is expanding at 8.1%, this is a clear indicator of Sri Lanka industrialising.

Traditional, low-value agriculture seems to be dropping off, hopefully we use the raw rubber and materials to make value-added goods.

 

[rio90]

Mahinada may not be perfect but he is one of the greatest leaders in modern era

 

[Azizam]

Mahinada may not be perfect but he is one of the greatest leaders in modern era

Yeah and the most important thing in the country is political stability. We can't afford to gamble with stability over our political affiliations. Anyway our compatriots are such idiots who almost elected a military general into power just because they were supposedly tired of "authoritarianism" LOL

 

[cirr]

Great job，and congrats。

Now keep it up for the next 20 years。

 

[Beast]

Yeah and the most important thing in the country is political stability. We can't afford to gamble with stability over our political affiliations. Anyway our compatriots are such idiots who almost elected a military general into power just because they were supposedly tired of "authoritarianism" LOL

A strong leader means a strong country.

 

[NGV-H]

Mahinada may not be perfect but he is one of the greatest leaders in modern era

Sri Lanka is extremely lucky to have such a leader. Such men don't come into power anywhere in the world often. If we let him, he will be as Lee Kuan Yew was to Singapore. He realises what it takes to build a developed country (infrastructure, education, healthcare, technology, science) and actually gets things done.

He is definitely not perfect, but if anyone can send Sri Lanka into the 21st century in any meaningful timeframe, it is him.

 

[Echo_419]

Sri Lanka may become first Developed country in South Asia....

Atleast any one in South Asia will be developed
Congrats