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» HOPL.N0000 ( Horana Plantations PLC)
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» කටාරයේ ශ්‍රී ලංකා පාසල ගැන 'ස්වාධීන පරීක්ෂණයක්'
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Today at 7:35 am by Ethical Trader

» නව නාවික හමුදාපති "ඇමෙරිකානු ඒජන්තයෙක්" ද?
Yesterday at 7:22 pm by Ethical Trader

» විජේදාස ඇමති පදවියෙන් නෙරපයි
Yesterday at 4:33 pm by nihal123

» Dividend Announcement
Yesterday at 1:32 pm by Rana

» 10% ක බෝනස් ඩේටා දෙන්න දුරකතන සමාගම් එකඟවෙයි
Yesterday at 10:21 am by nihal123

» පාකිස්තාන සංචාරය: "මම නම් යන්නේ නෑ"
Yesterday at 8:35 am by Ethical Trader

» "මිනී මස් කාල එපා වෙලා"
Tue Aug 22, 2017 2:25 pm by Ethical Trader

» ලොව වැඩි වශයෙන්ම ප්‍රතිනිර්මාණය වූ කලා කෘතිය
Tue Aug 22, 2017 11:45 am by Ethical Trader

» විජයදාස ඉවත් කරන්න: එජාපය ජනපතිට කියයි
Tue Aug 22, 2017 11:39 am by Ethical Trader

» ජනාධිපතිවරණය දිනා ශ්‍රී ලංකාවේ ණය එක දවසකින් ගෙවන සුපිරි කෝටීපතියා .!
Tue Aug 22, 2017 11:01 am by Backstage

» ආදායම ලක්ෂ 12 ට අඩුනම් ආදායම් බදු නැහැ – මුදල් ඇමති කියයි
Tue Aug 22, 2017 9:00 am by nihal123

» වැසිකිළියක් සදා නොදුන් සැමියාගෙන් දික්කසාද වීමට අධිකරණය අවසර දෙයි
Mon Aug 21, 2017 2:01 pm by Ethical Trader

» 2017 ජන්ද හිමි නාමලේඛනයේ කෙටුම්පත පිටවෙයි
Mon Aug 21, 2017 10:50 am by nihal123

» වාහන බදු අඩු කළායින් පසු සමාගම් කොටස් මිල ඉහළ ගිය හැටි
Mon Aug 21, 2017 8:20 am by Ethical Trader

» ඉන්දියාවේ විශාලතම ඔන්ලයින් ටැක්සි මෙහෙයුම්කරු ලංකාවට මාන බලයි
Mon Aug 21, 2017 7:37 am by nihal123

» CB Chief cracks whip!
Mon Aug 21, 2017 7:34 am by Ethical Trader

» ක්‍රිකට්: ශ්‍රී ලංකා කණ්ඩායමට එරෙහිව ක්‍රීඩාලෝලීන්ගේ විරෝධතාවක්
Mon Aug 21, 2017 7:25 am by Ethical Trader

» "විගණන පනත යට ගහන බවට ඇමතිවරුන්ට චෝදනා"
Mon Aug 21, 2017 7:22 am by Ethical Trader

» Male-Penned Songs On Women By Madani
Sun Aug 20, 2017 12:26 pm by CK

» GDP growth seen at 6% in 2018, Finance Ministry says
Sun Aug 20, 2017 7:06 am by Ethical Trader

» හැඟීමක් නැති පාලකයෝ භාරගත්තම රට කාබාසිනියා වෙනවා - ඇමති විජයදාස
Sun Aug 20, 2017 7:00 am by Ethical Trader

» Sri Lanka introduces concessions to boost faltering growth
Sat Aug 19, 2017 3:35 pm by Backstage

» New taxes hamper life insurance industry
Sat Aug 19, 2017 3:33 pm by Backstage

» Carrom Game between Chamil Cooray & Sandeep Deorukhkar in ICF Cup 2015
Sat Aug 19, 2017 1:48 pm by sashimaal

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sat Aug 19, 2017 7:58 am by Ethical Trader

» EPF/ETF සහ විදේශ ශ්‍රමිකයෝ: නව බදු පනත ගැන මේ කරුණු දන්නවාද?
Fri Aug 18, 2017 2:33 pm by Rana

» ගෙවල්..වාහන..විදුලිය..සියල්ලටම දැන් ණය වර්ග අටක්..
Fri Aug 18, 2017 12:42 am by nihal123

» විදුලි සංදේශ බද්ද ඉවතට - යතුරුපැදි බදු අඩුවෙයි
Thu Aug 17, 2017 4:39 pm by nihal123

» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
Wed Aug 16, 2017 6:45 pm by nihal123

» අද වෙන්දේසියේ දී බිල්පත් පොළී නගී
Wed Aug 16, 2017 6:41 pm by nihal123

» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
Wed Aug 16, 2017 8:59 am by nihal123

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
Tue Aug 15, 2017 9:46 am by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 11:07 am by The Invisible

» Plantation sector updates
Sun Aug 13, 2017 1:21 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
Sun Aug 13, 2017 4:22 am by smallville

» සොහොන් කොතේ නම 'අකැප' ඇෆ්ගන් කතුන්
Sat Aug 12, 2017 11:29 am by Ethical Trader

» කොරියානු අර්බුදය හමුවේ ශ්‍රී ලංකාවේ සූදානම
Sat Aug 12, 2017 11:12 am by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 10:40 am by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 5:40 am by Ethical Trader

» මැක්‍රෝන් සිය බිරිඳට 'ජනාධිපති ආර්යා' නිල තත්වය නොදෙන ළකුණු
Fri Aug 11, 2017 7:09 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 12:54 pm by Rana

» Cartoon of the day...
Fri Aug 11, 2017 10:28 am by Rana

» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 7:55 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 7:38 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 5:59 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 3:43 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 3:41 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
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Economy grows at 5.3% in 4Q; 4.4% in 2016

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Economy grows at 5.3% in 4Q; 4.4% in 2016

Post by sashimaal on Thu Mar 16, 2017 8:30 pm

Sri Lanka’s gross domestic product (GDP) grew at 5.3 percent in the fourth quarter of 2016 (4Q16) compared to the same period of the previous year and the economic growth rate for the year 2016 was estimated at 4.4 percent, the country’s statistics office said.

During 4Q16, the agriculture activities have reported a negative growth rate of 8.4 percent, while the industrial activities increased drastically by 9.2 percent. The services activities recorded a positive growth rate of 4.6 percent.

Meanwhile, the four major components of the economy — agriculture, industry, services and taxes less subsidies on products — contributed their share to GDP at current price by 7.5 percent, 27.1 percent, 57.0 percent and 8.4 percent, respectively, for the year 2016.

The highest growth rate of 6.7 percent was reported for overall industrial activities. The services activities grew by 4.2 percent, compared to the previous year. However, the agricultural activities reported 4.2 percent of negative growth rate.

Sri Lanka experienced inclement weather during the year 2016. Particularly, the severe flood experienced in the second quarter of 2016 and the drought prevailed during the year, may have had an impact on the agriculture activities of the country.

According to the Department of Census and Statistics (DCS) the agriculture sector sub activity of ‘growing of rice’ declined drastically by 31 percent during the year 2016, compared to the previous year.
In addition, ‘growing of tea’, ‘growing of rubber’ and ‘growing of cereals’ declined by 11.2 percent, 10.7 percent and 10.5 percent, respectively.
However, ‘freshwater fishing’, ‘spice growing’ and ‘animal production’ have recorded positive growth rates.

The industrial sector activity in 2016 was led by ‘construction’, which rose 14.9 percent. Among the manufacturing activities, specially the ‘manufacture of basic metal and fabricated metal product’, ‘Manufacture of rubber and plastic products’ and ‘manufacture of machinery and equipment’ have grown rapidly during the year 2016 by 28.7 percent, 17.9 percent and 14.1 percent, respectively.

However, ‘manufacture of food, beverages and tobacco’ and ‘manufacture of textile and wearing apparel’ have declined by 2.5 percent and 0.2 percent, respectively.

Meanwhile, according to the DCS, the performance of services sector was underpinned specially by the sub activities of ‘financial service activities’, ‘insurance activities’, ‘telecommunication’, ‘programming and broadcasting activities’, ‘education service’ and ‘IT programming consultancy’, which reported significantly higher growth rates of 12.4 percent, 8.5 percent, 8.3 percent, 7.7 percent, 7.5 percent and 7.1 percent, respectively, compared to the previous year.

- See more at: http://www.dailymirror.lk/article/Econo ... uPTHI.dpuf
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Re: Economy grows at 5.3% in 4Q; 4.4% in 2016

Post by sashimaal on Thu Mar 16, 2017 8:37 pm

After bit more monetary tightening Economy will be ready to go

Assumptions: Hambanthota contracts has to get signed asap and minimizing of money printing

5.6% growth is a good rate at this point
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