The Department of Census and Statistics reports that Sri Lanka’s economy shrunk 11.8% in the third quarter of 2022 from a year ago.
The Department of Census and Statistics released the estimated Gross Domestic Product (GDP) at current price and at constant (2015) price in Production approach and the other macroeconomic indicators for the third quarter (July 01st to September 30th) of 2022.
The GDP for the third quarter of year 2022 at current price reported as Rs.6,417,031 million.
The GDP for the third quarter of year 2022 at constant price (2015) reported as Rs.2,884,018 million.
In the third quarter of year 2022, the percentage change of current price GDP reported as 45.2 percent and the year on year GDP growth rate reported as negative 11.8 percent.
The Department noted that overall Agriculture, Industry and Services activities declined by 8.7 percent, 21.2 percent and 2.6 percent respectively, in the third quarter of 2022.