Categories: Articles

LNP – 2Q economic growth surges to 12.3% amid low base effect

Sri Lanka’s economy grew robust 12.3 percent in the second quarter of 2021 despite the COVID-19 virus-induced restrictions on economic activities since late April as a result of an extremely low base in the corresponding period of the previous year.

Sri Lanka’s economy recorded its worst contraction of 16.4 percent in the second quarter of last year due to the first lockdown wave, which resulted in the complete closing of the economy barring a few essential services.

The Department of Census and Statistics (DCS) said during the second quarter of 2021, all three major economic activities recorded significant positive growth rates as a result of the low base effect stemming from last year.

Accordingly, the agriculture activites recorded a positive growth of 8.1 percent, industrial 22.1 percent and activities 7.5 percent.

Pls refer the full press release issued by the DCS below.

http://www.statistics.gov.lk/NationalAccounts/StaticalInformation/Reports/press_note_2021q2_en

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – “Pay your taxes, and we’ll protect every rupee” – President Anura Kumara

LNP – “Pay your taxes, and we’ll protect every rupee” – President Anura Kumara

President Anura Kumara Dissanayake announced that he has taken measures to reduce expenditure under the…

3 hours ago
LNP – Mumbai locomotives among 32 engines sent to Sri Lanka

LNP – Mumbai locomotives among 32 engines sent to Sri Lanka

Five of the 32 locomotives selected for export to Sri Lanka, following a formal request…

4 hours ago
LNP – Anudi Gunasekara misses out on Miss World quarterfinals

LNP – Anudi Gunasekara misses out on Miss World quarterfinals

Sri Lanka’s Anudi Gunasekara has not been included among the quarterfinalists of the 72nd Miss…

21 hours ago
LNP – Sri Lankan economy remains resilient supported by healthy inflows: CBSL

LNP – Sri Lankan economy remains resilient supported by healthy inflows: CBSL

The external sector of the Sri Lankan economy remained resilient in April 2025, supported by…

21 hours ago
LNP – National Tax Week from tomorrow

LNP – National Tax Week from tomorrow

The ‘National Tax Week’ declared by the government to increase awareness on taxation and also…

21 hours ago
LNP – Over 120,000 tourist arrivals recorded in May

LNP – Over 120,000 tourist arrivals recorded in May

The number of tourists who arrived in the country in the month of May has…

21 hours ago