Sri Lanka GDP up in 2nd quarter

The economic performance of Sri Lanka recorded a growth rate of 6 percent in Gross Domestic Product (GDP) in the second quarter of 2005 as against the 5.5 percent recorded same period last year, Daily News reported Thursday.

This is relatively an encouraging economic performance, the Department of Census and Statistics said.

The whole economic activities can be aggregated into three main sectors of GDP namely Agriculture, Industry and Services.

The Services sector of GDP indicated 6.5 percent growth rate and sector for the Industry grew by 7.4 percent and the Agriculture sector of GDP recorded a positive 1.4 percent growth rate for the second quarter of 2005 as against that of the second quarter of 2004.

The second quarter of the year 2005 indicated comparatively better economic performance. This shows the satisfactory economic recovery in the aftermath of the tsunami, the department added.

Source: Xinhua