The Gross Domestic Product for Sri Lanka for the year of 2016 (January to December) at constant (2010) price has reached up to Rs. 9,012,026 million. The GOP value reported for the year of 2015 was Rs. 8,633,890 million.
The four major components of the economy; Agriculture, Industry, Services and Taxes less subsidies on products have contributed their share to the GOP at current price by 7.5 percent, 27.1 percent, 57.0 percent and 8.4 percent respectively for the year 2016.
During the year 2016, highest growth rate of 6.7 percent was reported for overall Industrial activities. Meanwhile the Services activities have grown by 4.2 percent, compared to the previous year. However, the agricultural activities reported 4.2 percent of negative growth rate.
Overall agricultural activities reported a negative growth rate of 4.2 percent in 2016. Among the sub activities of Agriculture, most of the major agricultural activities have reported negative growth rates during 2016, when compared with 2015.Among them, the sub activity of ‘Growing of rice’ has declined drastically by 31%percent during the year 2016.
In addition ‘Growing of tea’, ‘Growing of rubber’ and ‘Growing of cereals’ have declined by 11.2 percent, 10.7 percent and 10.5 percent respectively.Further, ‘Growing of fruits’, ‘Growing of vegetables’,and ‘Growing of oleaginous fruits; including coconut’ have declined slightly by 3.7 percent, 2.1 percent and 0.6 percent respectively.
Meanwhile the ‘Fresh water fishing’, ‘Growing of spices’ and ‘Animal production’ have reported positive growth rates as 9.9 percent, 6.4 percent and 6.3 percent respectively during the year 2016.
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