Sri Lanka’s economy grows by 1.6% in 3rd quarter of 2023

Sri Lanka’s GDP for the third quarter of 2023 has increased to Rs. 2,946.1 billion from Rs. 2,900.6 billion recorded in the third quarter of 2022.

Sri Lanka’s GDP for the third quarter of 2023 has increased to Rs. 2,946.1 billion from Rs. 2,900.6 billion recorded in the third quarter of 2022.

The year-on-year GDP growth rate for the third quarter of year 2023 has been reported as 1.6% of positive growth rate, the Census and Statistics Department said in its new report.

The agricultural, industrial and services activities expanded by 3.0%, 0.3% and 1.3% respectively in the third quarter of 2023.