Sept 13, Colombo: Sri Lanka's economy grew 6.8 percent in the second quarter of 2013 , the Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released Friday.
According to the Census and Statistics Department, the economic output of Sri Lanka as measured by Gross Domestic Product (GDP) for the second quarter of 2013 from April to June was estimated at Rs. 779.974 billion as against Rs. 730.641 billion in the Q2 of 2012, registering a 6.8 percent growth.
While the agriculture sector, one of the three major sectors of the economy recorded a negative1.1 percent growth in the quarter, Industry and Services sectors recorded 10.1 percent and 6.6 percent increases respectively contributing to the overall growth.
The percentage share of the three major sectors, the Agriculture, Industry, and Services to the total GDP reported as usual at 10.7 percent, 30.2 percent, and 59.1 percent respectively.
Colombo Consumers' Price Index which reflects the average price level of consumers' goods is increased to 173.5 in the Q2 2013 from 162.4in the Q2 of 2012. Accordingly, the inflation rate is recorded as 6.8 percent for the Q2 of 2013 whereas it was 7.5 percent in the corresponding quarter of 2012.