The Investor Sentiment - Equity and investments forum for Sri Lankans

Display results as :

Rechercher Advanced Search

Latest topics
» Dividend Announcement
Today at 9:12 pm by nihal123

» Flying is the Safest mode of Transport
Yesterday at 10:57 am by කිත්සිරි ද සිල්වා

» Hello and CSE ?
Sat Mar 17, 2018 9:57 am by serene

» Land of Idiots
Sat Mar 17, 2018 5:46 am by CK

» SPEN.N0000
Fri Mar 16, 2018 8:15 pm by spw19721

» Protectionism not sustainable, Sri Lanka ceramic industry told
Fri Mar 16, 2018 3:13 pm by Backstage

»  5000 Post Milestone - Congratulations
Thu Mar 15, 2018 3:55 pm by slstock

» Credit growth to surge beyond Central Bank’s expectation if agriculture sector picks up
Thu Mar 15, 2018 2:26 pm by Backstage

» Beware the Ides of March !
Thu Mar 15, 2018 2:15 pm by The Alchemist

» ලංකාවේ දුවන්නේ ලොරි බස් – ධම්මික කියයි
Thu Mar 15, 2018 12:57 pm by nihal123

» Happy Birthday
Wed Mar 14, 2018 10:53 pm by nihal123

Wed Mar 14, 2018 9:37 pm by spw19721

» Obituary Notice.
Wed Mar 14, 2018 2:37 pm by sashimaal

Wed Mar 14, 2018 10:23 am by lanka

» “ ඔසු උයන ” at Kahathuduwa, Piliyandala
Tue Mar 13, 2018 6:01 pm by AjithR

» Oil,gold, silver Prices
Tue Mar 13, 2018 2:00 pm by කිත්සිරි ද සිල්වා

» SLT Suspends Free Email Service
Tue Mar 13, 2018 1:14 pm by slstock

» Perpetual Treasuries
Tue Mar 13, 2018 12:49 pm by slstock

» මහනුවර ප්‍රචණ්ඩ ක්‍රියා: සැකකරුවන් අසූඑක් දෙනෙක් අත්අඩංගුවේ
Sun Mar 11, 2018 5:35 pm by Ethical Trader

» ලෝකෙ ඕනෑම තැනකට විදින්න පුළුවන් මිසයිල අපි ලඟ - පූතින්
Thu Mar 08, 2018 8:15 am by soileconomy

Tue Mar 06, 2018 5:27 pm by Ethical Trader

» Micro Finance
Tue Mar 06, 2018 7:20 am by yellow knife

» නිවැරදි බුදු දහම
Tue Mar 06, 2018 5:08 am by Ethical Trader

Mon Mar 05, 2018 7:39 pm by Ethical Trader

» Laughter the Best Medicine
Mon Mar 05, 2018 2:42 pm by pee ratio

» වචන නම් අපේ ඒත් තනුව ?????????
Mon Mar 05, 2018 1:52 pm by Rana

» The largest known Prime Number
Sun Mar 04, 2018 12:14 pm by Ethical Trader

» "My Entrepreneurship Mind and the Leadership Heart” Mr. Dhammika Perera
Fri Mar 02, 2018 9:05 pm by Backstage

» "My Entrepreneurship Mind and the Leadership Heart” Mr. Dhammika Perera
Fri Mar 02, 2018 9:00 pm by Backstage

» Citi rating model tops Sri Lanka as most attractive frontier market
Fri Mar 02, 2018 8:41 pm by Backstage

» JINS.N0000 ( Janashakthi Insurance PLC)
Fri Mar 02, 2018 9:51 am by කිත්සිරි ද සිල්වා

» Aircel, country's last small mobile phone operator, files for bankruptcy (India)
Thu Mar 01, 2018 10:23 am by sashimaal

» Alliance Finance
Tue Feb 27, 2018 5:33 pm by Ethical Trader

Tue Feb 27, 2018 11:13 am by Ethical Trader

Mon Feb 26, 2018 5:08 pm by Ethical Trader

» East West properties
Mon Feb 26, 2018 5:07 pm by Ethical Trader

» Resus Energy වැඩි බලය Trydan Partners යටතට
Fri Feb 23, 2018 6:13 pm by Ethical Trader

» බුද්ධ භවනා
Thu Feb 22, 2018 2:35 pm by Ethical Trader

» හවුල් ආණ්ඩුව තවදුරටත් පවතින බව පාර්ලිමේන්තුවට දන්වයි
Wed Feb 21, 2018 5:17 pm by Ethical Trader

» ජීවිතය පටන් ගන්නේ 60න්
Wed Feb 21, 2018 3:14 pm by lanka

» EAP ගනුදෙනුවේ සැඟවුණු ගැනුම්කරු හෙළිවෙයි
Wed Feb 21, 2018 2:39 pm by lanka

» මිලියන 4,000 ක අකිලගේ ටැබ් කොන්ත්‍රාත්තුව අබාන්ස්ට
Tue Feb 20, 2018 7:55 pm by nihal123

» Dhananath Fernando wins $ 10,000 for Sri Lanka in Think Tank Shark Tank in Asia
Mon Feb 19, 2018 11:35 am by Ethical Trader

» උදයංග වීරතුංග රැගෙන ඒමට පොලිස් නිලධාරීහු ඩුබායි වෙත
Mon Feb 19, 2018 8:24 am by soileconomy

» ධම්මික පෙරේරා කෝටි 16 ක කාරයක් ගෙනෙයි
Sat Feb 17, 2018 9:31 pm by soileconomy

» ආර්ථික අර්බුදය ඉක්මවා ගිය දේශපාලන අර්බුදය හමුවේ 'රුපියල'
Fri Feb 16, 2018 7:00 pm by Ethical Trader

Fri Feb 16, 2018 11:12 am by pjrngroup

» විගණකාධිපතිගේ 2016 වාර්තාව මෙන්න
Tue Feb 13, 2018 12:31 pm by Ethical Trader

» Boost for foreign investment in Govt. securities
Thu Feb 08, 2018 12:45 pm by Ethical Trader

» අනිලානා පුද්ගලික නිකුතුවට කොටස්කරුවන්ගේ සහාය පතයි
Thu Feb 08, 2018 9:28 am by The Invisible

March 2018

Calendar Calendar


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

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

Go down

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

Post by sashimaal on Fri Mar 17, 2017 1:00 am

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: ... uPTHI.dpuf
Top contributor
Top contributor

Posts : 5573
Join date : 2014-02-28

Back to top Go down

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

Post by sashimaal on Fri Mar 17, 2017 1:07 am

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
Top contributor
Top contributor

Posts : 5573
Join date : 2014-02-28

Back to top Go down

Back to top

Permissions in this forum:
You cannot reply to topics in this forum