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Here is a brief overview of gross domestic product of Sri Lanka.
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GDP of Sri Lanka

The Gross Domestic Product (GDP) is a basic measure of a country's economic performance. It is the market value of all final goods and services made within the borders of a nation in a year. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).
The most common approach to measuring and quantifying GDP is the expenditure method:
 
GDP = private consumption + gross investment + government spending + (exports − imports), or,
GDP = C + I + G + (X − M).
 
 
GDP in Sri Lanka from 2002 to 2008 (in Rs Million)
 
Major Division/Year
2002
2003
2004
2005
2006
2007
2008
Agriculture, Livestock & Forestry
233,615
241,122
262,271
289,906
333,137
418,104
589,998
Mining and quarrying
19,888
25,523
30,129
35,932
46,202
56,645
71,768
Manufacturing
302,365
338,832
391,421
478,611
564,987
661,983
791,898
Export processing
(Tea,rubber and coconut)
13,560
14,147
15,810
16,199
17,715
21,553
32,261
Factory industry
270,266
303,460
351,517
434,970
516,372
605,544
720,979
Cottage industry
18,539
21,225
24,094
27,442
30,900
34,886
38,658
Electricity, gas and water
35,608
43,562
49,116
57,908
72,457
88,005
104,666
Construction
100,404
110,111
127,692
167,999
216,833
264,104
327,138
Wholesale and retail trade
389,332
441,950
513,498
569,255
659,597
790,628
949,372
Restaurants and Hotels
3,460
9,277
11,763
14,218
16,646
18,367
20,611
Transport and Communication
173,745
200,702
240,307
287,491
344,909
423,820
530,980
Banking, insurance and real
estate etc.
130,465
153,869
178,119
205,322
266,972
328,158
413,322
Ownership of dwellings
68,371
73,033
77,676
88,759
103,201
126,212
141,794
Government services
139,094
142,793
163,474
206,497
257,837
333,758
380,765
Private services
39,691
41,693
45,375
50,886
55,902
68,905
88,255
Gross Domestic Product
1,636,087
1,822,468
2,090,841
2,452,782
2,938,680
3,578,688
4,410,567

Last Updated on: 17-05-2010


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