Sri Lanka BIP Veränderung zum Vorjahr

Sri Lanka's economy advanced by 5.5% yoy in Q3 2024, marking the fastest expansion since Q4 2017, as the country continued to recover from its worst financial crisis in decades. Notably, inflationary pressures eased further during the period, coinciding with a decline in interest rates. The expansion was led by a 10.8% surge in the industrial sector, with the construction and mining & quarrying industries posting impressive growths of 23.8% and 25.4%, respectively. Additionally, manufacturing rose by 5.3%, driven by key sub-sectors such as textiles (13.5%), paper products (10.9%), wood products (10.7%), rubber and plastics (9.0%), basic metals (7.2%). Agriculture grew by 3%, on higher production of cereals (46.7%), animals (19.9%), tea (16.3%), marine fishing and aquaculture (9.9%), and fruits (7.3%). The services sector rose by 2.6%, with almost all activities recording growth, primarily accommodation and food services (18.8%) and IT services (16.0%).