Tuesday, 02 January 2024 12:17 GMT
عربي


               US          Europe          Arab          Asia          Africa    
|      Politics          Economy     Oil&Energy         
                 Entertainment          Sport
Sri Lanka's GDP Contracts 11.8% In Q3

Sri Lanka's GDP Contracts 11.8% In Q3


2022-12-16 01:00:05
(MENAFN- IANS)

Colombo, Dec 16 (IANS) Amid the ongoing economic crisis, Sri Lanka's Department of Census and Statistics said that the island nation's estimated gross domestic product (GDP) contracted by 11.8 per cent year-on-year in the third quarter of 2022.

The GDP for the third quarter at constant (2015) price was 2,884 billion LKR ($7.9 billion), Xinhua news agency quoted the Department as saying.

The Department said the overall agriculture, industry and services activities declined by 8.7 per cent, 21.2 per cent and 2.6 per cent, respectively, in the quarter.

Sri Lanka's real GDP is expected to fall by 9.2 per cent this year and 4.2 per cent in 2023, according to a World Bank report.

--IANS

ksk/

MENAFN16122022000231011071ID1105317381



IANS

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Tags

Label

Comments

No comment

Category

Date
Search