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Sri Lanka GDP grows 1.3-pct in fourth quarter 2020

ECONOMYNEXT – Sri Lanka’s gross domestic product was estimated to have grown 1.3 percent in the fourth quarter of 2020 against 1.6 percent in 2019 as the economy recovered from a Coronavirus pandemic, the state statistics office said.

Agriculture grew 1.3 percent, industry 1.3 percent and services 1.9 percent, the Department of Census and Statistics said.

The third quarter growth was revised down to 1.3 percent from an earlier 1.5 percent.

The second quarter contraction was revised up to 16.4 percent from 16.3 percent.

The economy was hit by Coronavirus lockdowns after March 20, 2020 and was re-opened in the second quarter.

The first quarter contraction was also revised up to 1.8 percent from 1.7 percent.

Related

Sri Lanka GDP contracts 3.6-pct in 2020 amid Coronavirus, import substitution

Sri Lanka’s full year growth contracted 3.6 percent.

(Colombo/Mar16/2021)

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