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GDP growth rate 8%

Dec 16, 2010 10:29:58 AM - itnnews.lk

Sri Lanka’s economy has expanded 8.0 percent in the third quarter of this year from a year earlier, compared to an 8.5 percent growth in the second quarter.

The Government statistics office said last year’s economy was estimated to have expanded 4.2 percent in the third quarter. This year, agriculture grew 6.2 percent, industry 8.8 percent and services 8.0 percent in the third quarter. Paddy has grown 30.7 percent, rubber 15.9 percent and fishing expanded 14.4 percent. Tea grew 0.2 percent. According to the statistics office, Industry’s 8.8 percent growth is up from 4.4 percent last year. It came from a 10.2 percent growth in gem mining, with exports growing 21.2 percent. Apparel grew 3.2 percent, chemicals, rubber and plastic products grew 9.8 percent. The service sectors 8.0 percent growth is up from 5.1 percent last year. It came with hotels and restaurants growing 32.2 percent, transport and communications 12.4 percent, wholesale and retain trade 7.7 percent and banking and real estate 8.5 percent.