Jun 16, 2017

3.8% economic growth in 2017 Q1

The economic growth rate for the first quarter of 2017 has been estimated as 3.8 percent, Department of Census and Statistics (DCS) said.

The Gross Domestic Product (GDP) at constant (2010) prices for the first quarter of 2017 recorded as Rs. 2,161,770 million, and GDP reported for first quarter of 2016 was Rs. 2,082,544 million.

The Severe drought condition prevailed mainly in four provinces: Northern, Eastern, North-Central and North-Western from 2016 had an unfavorable impact, mainly on agricultural activities of the country, the DCS said.

(news.lk)

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