of sri lanka · 2010. 10. 7. · at constant (2002) prices of major economic activities - value...

OF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKAOF SRI LANKA

Department of Census and Statistics

3rdrd QUARTER 2007 QUARTER 20073rd QUARTER 20073rd QUARTER 2007

Volume 14

GDP Growth Rates - Third Quarter

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07/0606/0505/0404/0303/02

PREFACE

The need for Quarterly National Accounts has gained high priority to measure the short-termeconomic performance. This is the fourteenth of the series to be released quarterly onQuarterly National Accounts Estimates by the Department of Census and Statistics. ThisBulletin contains “Gross Domestic Product Estimates” (GDP) for the third quarter of 2007 atcurrent and constant prices with 2002 as the base year. The comprehensive set of nationalaccounts tables are given for Sub sectors of GDP and more disaggregation of the Agriculturevalue added and the Short term economic indicators are given separately as Selected leadingeconomic indicators for the sub sectors of GDP.

This task was undertaken by Mrs. G. G. Gunasekera and Mr. H.W.M. Jayaweera, Statisticians,Mr. K.B. Wijewardena, Mrs. S. Jeyagoury, Mr. S. T. T. Warapitiya and Mrs. N. K. Hennayake,Statistical Officers, Statistical Assistants and the staff of the National Accounts Divisionunder the direction of Mrs. N. Kumarasinghe, Deputy Director. Mr. K. D. P. Priyadarshana,Statistical Officer has undertaken the computer data processing and setting for printing ofthis publication.

This publication was prepared under the overall guidance of Mr. D. Amarasinghe, Director.

Acknowledgements are also due to Mr. W.C. Weerawansa, Senior Statistician and his staff forprinting of this report within a short time period.

The continued assistance given by the private and public sector organizations who suppliedprimary data to make this quarterly publication are very much appreciated.

I hope that this publication will meet the interest of the data users including policy makers,academics and researchers etc.

D.B.P. Suranjana VidyaratneDirector General.

Department of Census and Statistics15/12 Maitland Crescent, P.O.Box.563,Colombo 07.04th January 2008.

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Bulletin of Quarterly National Accounts of Sri Lanka

Department of Census and StatisticsThird Quarter-2007 Volume - 14

Economic Performance

2006 2007@ 06/05 07/06@ 2006 2007@A. Gross Domestic Product (GDP) at Constant 2002 Prices, Rs. Million

539,210 576,813 7.7 7.0 100.0 100.0

i. Agriculture 67,176 69,662 4.0 3.7 12.5 12.1 ii. Industry 152,560 164,046 8.4 7.5 28.3 28.4 iii. Services 319,473 343,105 8.2 7.4 59.2 59.5 B. Market Prices (Rs. Million) 760,419 925,876 20.2 21.8 100.0 100.0 i Agriculture 86,057 108,856 17.2 26.5 11.3 11.8 ii. Industry 226,777 270,427 24.5 19.2 29.8 29.2 iii. Services 447,585 546,592 18.6 22.1 58.9 59.0 C. Price Indicies

i. GDP Implicit price deflator(2002=100) 141.0 160.5 11.5 13.8 ii. Colombo Consumers Price Index (CCPI),1952=100 4,674 5,488 15.1 17.4 iii. Sri Lanka Consumers Price Index (SLCPI) 1995 to 1997=100 207.3 252.1 10.7 21.6 iv. Imports of Investment Goods unit price Index 1997=100 186.1 179.9 17.9 -3.3

D. External trade. Value in Rs. Million i. Exports of Goods at FOB value 192,096 234,272 11.7 22.0 25.3 25.3 ii. Imports of Goods at CIF value 275,365 326,500 15.2 18.6 36.2 35.3 iii. Imports of Investment Goods (Building materials, Vehicles, Machinery and equipment at CIF value

59,368 74,678 16.0 25.8 7.8 8.1

M1 Rs. Mn 239,524 259,971 11.3 8.5 M2 Rs. Mn 919,004 1,097,655 18.5 19.4

@ Provisional

Table 1A - Summary Indicators

Value % Share of GDPThird Quarter

% Change

The economic performance of Sri Lankarecorded a satisfactory growth rate of 7.0per cent in Gross Domestic Product (GDP)at constant (2002) prices for the thirdquarter of 2007 as against the growth rateof 7.7 per cent recorded for the thirdquarter of 2006.

The Services sector of GDP grew by 7.4per cent and for the Industry sector grewby 7.5 per cent and the Agriculture sectorof GDP has recorded a growth rate of3.7 percent for the third quarter of 2007as against that 2006.

The value added contributions to the GDPfrom Agriculture, Industry & servicessectors were 12.1 percent, 28.4 percentand 59.5 percent respectively.Accordingly, the Service sector hasbecome the dominating sector of GDP inthe recent past.

The Inflation Rate based on GDP ImplicitDeflator indicated 13.8 per cent for thethird quarter of 2007 as against that of2006 and it shows an increase comparedto the inflation rate of 11.5 per centrecorded for the third quarter of 2006.

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The economy is showing an attractiveeconomic growth in the sectors of,Industry and Services for the thirdquarter of 2007.

GDP growth rate of 7.0 per cent inthe third quarter of the year 2007over the corresponding quarter of theprevious year 2006 was achieved dueto the following main reasons.

a. The implementation of introducedfavourable government economicpolicies in the country.

b. The continuation of uninterruptedpower generation and distributionduring the reference period.

c. Satisfactory economic performanceexperienced in the countries like USA,Japan, and European countries alsohad favourable effects for betterexternal trade and economicperformance during the third quarterof the year 2007. The civil warstarted at the beginning of thirdquarter of 2006 in the North East afterthe MOU. But its impact for theeconomic performance cannot berecorded negatively. However, peaceis the most important factor for the

2006 2007@ 06/05 07/06@ 2006 2007@A. Gross Domestic Product (GDP) at Constant 2002 Prices, Rs. Million

1,567,073 1,668,786 7.7 6.5 100.0 100.0

i. Agriculture 202,911 207,583 6.6 2.3 12.9 12.4 ii. Industry 438,612 470,652 8.0 7.3 28.0 28.2 iii. Services 925,550 990,551 7.9 7.0 59.1 59.4 B. Market Prices (Rs. Million) 2,137,990 2,590,831 18.7 21.2 100.0 100.0 i Agriculture 253,827 311,320 13.9 22.7 11.9 12.0 ii. Industry 657,648 777,437 22.6 18.2 30.8 30.0 iii. Services 1,226,516 1,502,073 17.7 22.5 57.4 58.0 C. Price Indicies

i. GDP Implicit price deflator(2002=100) 136.4 155.3 10.2 13.8 ii. Colombo Consumers Price Index (CCPI),1952=100 13,477 15,780 11.9 17.1 iii. Sri Lanka Consumers Price Index (SLCPI) 1995 to 1997=100 606 720 7.5 18.7 iv. Imports of Investment Goods unit price Index 1997=100 473 501 13.3 5.9

D. External trade. Value in Rs. Million i. Exports of Goods at FOB value 516,885 625,748 12.0 21.1 24.2 24.2 ii. Imports of Goods at CIF value 784,401 891,363 20.8 13.6 36.7 34.4 iii. Imports of Investment Goods (Building materials, Vehicles, Machinery and equipment at CIF value

170,840 206,284 26.8 20.7 8.0 8.0

M1 Rs. Mn 711,843 786,141 12.7 10.4 M2 Rs. Mn 2,669,516 3,193,209 19.4 19.6

@ Provisional

Table 1B - Summary Indicators

% ChangeNine Months

Value % Share of GDP

economic development at presenttogether with the other relevantfactors.

Agriculture

The agriculture sector has showna positive performance in the thirdquarter of 2007. A growth of 3.7per cent was recorded for theagriculture sector of GDP as

against the growth rate of 4.0 per centrecorded for the corresponding periodin 2006.

Paddy production has shown anegative growth rate of 4.1 per cent inthe third quarter of 2007 as againstthe negative growth rate of 2.3 percent recorded in the third quarter of2006. The Yala paddy production in

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2006 2007 @ 2006 2007 @Agriculture,Forestry and Fishing 67,176 69,662 202,911 207,583

1. Agriculture, Livestock and Forestry 62,202 64,544 188,145 190,4331.1 Tea 6,387 6,577 20,676 19,0431.2 Rubber 1,379 1,497 3,198 3,4541.3 Coconut 7,066 7,368 21,104 22,0921.4 Minor export crops 2,891 3,110 7,190 7,4191.5 Paddy 9,538 9,149 34,100 31,8061.6 Livestock 4,885 5,202 13,304 14,2611.7 Other food crops 22,887 24,121 68,193 71,006

1.7.1 Highland crops 10,732 11,249 24,554 25,8281.7.2 Vegetables 11,693 12,395 42,300 43,7771.7.3 Fruits 461 477 1,338 1,401

1.8 Other 550 481 249 3311.9 Plantation Development 1,449 1,580 4,232 4,5301.10 Miscellaneous Agricultural Products 1,792 1,860 5,429 5,4881.11 Firew ood & Forestry 3,379 3,599 9,404 9,919

2. Fishing 4,974 5,118 14,766 17,1502.1 Inland - Fishing 780 819 2,069 2,1242.1 Marine - Fishing 4,194 4,299 12,697 15,026

Industry 152,560 164,046 438,612 470,6523. Mining and Quarrying 8,573 9,915 25,455 29,155

3.1 Gem Mining 1,977 2,735 8,902 10,3653.2 Other Mining 6,596 7,180 16,554 18,790

4. Manufacturing 96,108 102,505 277,291 294,9574.1 Processing (Tea, Rubber and Coconut) 3,415 3,574 10,789 10,9434.2 Factory industry 87,142 93,014 249,270 265,743

4.2.1 Food Beverages 41,102 43,774 117,678 124,6214.2.2 Textile,Wearing appral & leather 21,568 23,268 58,901 63,8374.2.3 Chemicals, petroleum, Coal, rubber & plastic

13,348 14,078 38,353 40,692

4.2.4 Non-Metalic Mineral products except products of Petroleum & Coal

3,287 3,468 10,271 10,948

4.2.5 Fabricatedmetal Products, Machinery & equipment

6,485 6,971 20,445 21,610

4.2.6 Other Industries 1,352 1,455 3,622 4,0344.3 Cottage industry 5,551 5,917 17,232 18,271

5. Electricity, gas and water 14,246 14,980 38,637 40,5305.1 Electricity 12,533 13,097 34,033 35,5335.2 Gas 1,045 1,174 2,874 3,1495.3 Water 668 709 1,730 1,848

6. Construction 33,633 36,646 97,229 106,009Services 319,473 343,105 925,550 990,551

7. Wholesale and retail trade 134,467 143,165 384,573 407,5997.1 Import trade 49,998 51,600 143,666 146,9987.2 Export trade 26,770 29,376 71,345 77,9297.3 Domestic trade 57,699 62,189 169,562 182,672

8. Hotels and restaurants 1,517 1,350 5,708 5,0119. Transport and communication 67,192 75,365 192,025 212,569

9.1 Transport 56,611 62,877 163,635 179,3629.1.1 Transport- Railw ay 564 638 1,769 1,9119.1.2 Transport- Passenger and Goods 56,047 62,240 161,866 177,452

9.2 Cargo handling-Ports and Civil aviation 3,403 3,595 9,513 10,3089.3 Post and telecommunication 7,179 8,893 18,877 22,899

10. Banking, insurance and real estate etc. 44,438 47,999 133,131 144,27511. Ownership of dwellings 17,884 18,065 53,652 54,22612. Government services 41,814 44,087 120,035 127,62913. Private services 12,161 13,074 36,427 39,242

Gross Domestic Product 539,210 576,813 1,567,073 1,668,786@ Provisional

Major DivisionThird Quarter Nine Months

Table 2A - GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGINAT CONSTANT (2002) PRICES OF MAJOR ECONOMIC ACTIVITIES - VALUE ADDED

Rs. Million

2006 was 57.8 Mn bushels and it is55.4 Mn bushels in 2007 which causedthe paddy value added to drop by 4.1percent. This is mainly due to thedecrease of Yala harvested area by8.4 percent.

In real terms, the value added in theFishing sub sector increased by 2.9per cent from Rs. 4,974 million inthe third quarter of 2006 to Rs. 5,118million in the third quarter of 2007.

Marine fish production which hasincreased by 2.5 percent. Inland fishproduction has increased by 5.0percent over the third quarter ofprevious year.

In real terms fishing industry hasshown an increase of 2.9 percent inthe thied quarter of 2007. It indicatesthat it had recovered after theTsunami disaster.

The green leaf production of tea hasshown a positive growth rate of 3.0per cent in the third quarter of 2007as against the negative growth rateof 0.7 per cent in the third quarter of2006.

Value added in Rubber production isestimated to a positive growth rateof 8.6 percent for the third quarterof 2007 as against the growth rate of1.3 per cent for the third quarter of2006.

Coconut production has recorded agrowth rate of 4.3 per cent for thethird quarter of 2007 as against thegrowth rate of 5.2 per cent for thethird quarter of the previous year.

In real terms, the value added in theMinor export crops sub sectorincreased by 7.6 per cent. But thevalues increased from Rs. 2,891million for the third quarter of 2006to Rs. 3,110 million for the thirdquarter of 2007. This indicatesrelatively a satisfactory high priceincrease in Minor export crops for thereference period. This affected thecinnamon production to increase yearby year. Sri Lanka, is the world’slargest Cinnamon exporter providingaround 70 percent of the world totalexports. Similarly, mace production

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06/05 07/06@ 06/05 07/06@Agriculture,Forestry and Fishing 4.0 3.7 6.6 2.3

1. Agriculture, Livestock and Forestry 2.9 3.8 3.5 1.21.1 Tea -0.7 3.0 -1.2 -7.91.2 Rubber 1.3 8.6 4.6 8.01.3 Coconut 5.2 4.3 6.9 4.71.4 Minor export crops 12.4 7.6 -1.3 3.21.5 Paddy -2.3 -4.1 3.5 -6.71.6 Livestock 7.8 6.5 8.1 7.21.7 Other food crops 2.7 5.4 3.1 4.1

1.7.1 Highland crops 4.5 4.8 6.0 5.21.7.2 Vegetables 1.4 6.0 1.8 3.51.7.3 Fruits -4.3 3.4 -4.4 4.7

1.8 Other 18.7 -12.5 8.4 32.81.9 Plantation Development 3.9 9.0 5.3 7.01.10 Miscellaneous Agricultural Products 2.3 3.8 3.5 1.11.11 Firew ood & Forestry 7.1 6.5 6.4 5.5

2. Fishing 19.8 2.9 70.8 16.12.1 Inland - Fishing -0.3 5.0 3.5 2.72.1 Marine - Fishing 24.5 2.5 91.1 18.3

Industry 8.4 7.5 8.0 7.33. Mining and Quarrying 14.3 15.7 19.1 14.5

3.1 Gem Mining 25.3 38.3 9.0 16.43.2 Other Mining 11.4 8.9 25.3 13.5

4. Manufacturing 5.9 6.7 5.6 6.44.1 Processing (Tea, Rubber and Coconut) 2.0 4.7 1.1 1.44.2 Factory industry 6.1 6.7 5.7 6.6

4.2.1 Food Beverages 5.5 6.5 5.9 5.94.2.2 Textile,Wearing appral & leather 6.5 7.9 4.5 8.44.2.3 Chemicals, petroleum, Coal, rubber & plastic

7.3 5.5 7.1 6.1


12.5 5.5 10.7 6.6


3.0 7.5 3.7 5.7

4.2.6 Other Industries 4.3 7.6 4.9 11.44.3 Cottage industry 6.0 6.6 5.7 6.0

5. Electricity, gas and water 19.1 5.2 14.8 4.95.1 Electricity 21.0 4.5 16.0 4.45.2 Gas 7.8 12.4 8.3 9.65.3 Water 4.9 6.1 3.7 6.8

6. Construction 10.1 9.0 9.9 9.0Services 8.2 7.4 7.9 7.0

7. Wholesale and retail trade 7.2 6.5 7.3 6.07.1 Import trade 5.8 3.2 7.4 2.37.2 Export trade 4.7 9.7 3.5 9.27.3 Domestic trade 9.7 7.8 8.9 7.7

8. Hotels and restaurants -4.6 -11.0 4.6 -12.29. Transport and communication 14.5 12.2 12.4 10.7

9.1 Transport 11.9 11.1 11.4 9.69.1.1 Transport- Railw ay -1.7 13.1 1.1 8.09.1.2 Transport- Passenger and Goods 12.1 11.0 11.6 9.6

9.2 Cargo handling-Ports and Civil aviation 14.1 5.6 12.0 8.49.3 Post and telecommunication 40.0 23.9 21.3 21.3

10. Banking, insurance and real estate etc. 8.5 8.0 8.6 8.411. Ownership of dwellings 1.1 1.0 1.1 1.112. Government services 5.6 5.4 5.7 6.313. Private services 8.1 7.5 7.6 7.7

Gross Domestic Product 7.7 7.0 7.7 6.5@ Provisional

Table 2B - GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGINAT CONSTANT (2002) PRICES OF MAJOR ECONOMIC ACTIVITIES - GROWTH RATE


PERCENTAGE

has increased by 41.3 percent in2007.

In real terms, the value added ofOther food crops sub sector, whichconsists of Highland crops,Vegetables and Fruits has shown apositive growth rate of 5.4 per centfor the third quarter of 2007 and thisis mainly due to the productionincreases in vegetable and highlandcrops in 2007.

Coconut new planting has increasedalong the coastal belt where Tsunamiwas affected. This affected toincrease the value added in plantationdevelopment sub sector.

Livestock production was alsoestimated to have a positive growthrate of 6.5 percent for the thirdquarter of 2007 as against the growthrate of 7.8 percent for the thirdquarter of 2006.

As the poverty is a rural phenomenain the country, immediate povertyreduction and rural economicdevelopment are highly related withthe upliftment of rural agriculture,where around 30 per cent of the totalemployment is sti l l engaged inagriculture for the whole country andit is 40 per cent or above 40 per centin many of the economicallybackward districts.

Badulla district shows employmentshare around 66 per cent for theagriculture sector. It means that withthe other economic activitiesagriculture should have a prominentplace for the upliftment of the ruralsector. This is an issue on continuedun-favourable input to output ratio formany agriculture products due tohigh cost of inputs in production andlow output return and low prices.

In this connection, at presentfavourable prices shown in thedomestic agriculture are favourablefor these rural developmentobjectives. A separate policy will beneeded to cater for the urban lowincome groups where the priceimpacts are relatively high.

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2006 2007 @ 2006 2007 @Agriculture,Forestry and Fishing 86,057 108,856 253,827 311,320

1. Agriculture, Livestock and Forestry 77,304 96,553 229,943 272,2391.1 Tea 8,255 12,600 25,948 33,4451.2 Rubber 4,887 5,251 14,306 16,5621.3 Coconut 7,360 9,632 22,790 27,2511.4 Minor export crops 3,544 3,025 8,008 7,1721.5 Paddy 9,787 12,435 35,191 38,7251.6 Livestock 7,716 10,653 21,530 30,6821.7 Other food crops 25,535 29,826 74,888 84,815

1.7.1 Highland crops 10,686 13,141 23,715 28,7221.7.2 Vegetables 14,420 16,084 49,960 54,4181.7.3 Fruits 429 601 1,213 1,675

1.8 Other 857 953 431 5611.9 Plantation Development 1,249 1,440 4,273 4,7241.10 Miscellaneous Agricultural Products 2,215 2,812 6,571 7,9711.11 Firew ood & Forestry 5,899 7,926 14,590 18,517

2. Fishing 8,753 12,303 23,884 39,0812.1 Inland - Fishing 640 1,081 1,658 2,5992.1 Marine - Fishing 8,113 11,222 22,226 36,482

Industry 226,777 270,427 657,648 777,4373. Mining and Quarrying 12,165 15,452 34,050 40,603

3.1 Gem Mining 3,645 5,357 9,686 12,2083.2 Other Mining 8,520 10,095 24,364 28,395

4. Manufacturing 140,712 163,141 416,324 486,7214.1 Processing (Tea, Rubber and Coconut) 4,226 5,399 13,734 16,4184.2 Factory industry 131,360 151,745 380,575 445,812

4.2.1 Food Beverages 61,928 71,481 181,448 210,6164.2.2 Textile,Wearing appral & leather 27,759 31,395 83,164 98,4594.2.3 Chemicals, petroleum, Coal, rubber & plastic

25,658 28,891 69,129 80,542


4,150 4,707 13,046 14,894


9,639 12,541 27,764 34,067

4.2.6 Other Industries 2,226 2,730 6,024 7,2344.3 Cottage industry 5,126 5,997 22,015 24,491

5. Electricity, gas and water 18,531 22,387 52,290 63,3205.1 Electricity 15,132 18,087 42,224 50,8975.2 Gas 2,296 3,175 6,716 9,0055.3 Water 1,103 1,125 3,350 3,418

6. Construction 55,369 69,447 154,984 186,793Services 447,585 546,592 1,226,516 1,502,073

7. Wholesale and retail trade 183,207 223,626 491,180 588,9197.1 Import trade 65,801 83,869 167,584 205,1367.2 Export trade 33,604 40,171 89,308 107,8067.3 Domestic trade 83,802 99,586 234,288 275,977

8. Hotels and restaurants 3,278 3,425 9,384 10,0169. Transport and communication 91,534 111,628 251,258 309,778

9.1 Transport 76,109 91,127 210,116 257,9109.1.1 Transport- Railw ay 424 1,138 2,814 3,8969.1.2 Transport- Passenger and Goods 75,685 89,990 207,302 254,014

9.2 Cargo handling-Ports and Civil aviation 4,415 4,904 12,206 13,6059.3 Post and telecommunication 11,009 15,597 28,936 38,264

10. Banking, insurance and real estate etc. 62,997 75,974 182,735 219,49211. Ownership of dwellings 27,019 32,083 75,587 92,52312. Government services 65,690 82,300 174,793 229,62613. Private services 13,859 17,556 41,580 51,719

Gross Domestic Product 760,419 925,876 2,137,990 2,590,831@ Provisional


Table 3A - GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGINAT CURRENT PRODUCER PRICES OF MAJOR ECONOMIC ACTIVITIES - VALUE ADDED

Rs. Million

Industry

Industry Sector has recorded agrowth rate of 7.5 percent in thisquarter. It was 8.4 percent in thecorresponding quarter of 2006.

Manufacturing industry has recordeda high growth rate of 6.7 percent forthe third quarter of 2007 as against5.9 percent in 2006. Factory industryrecorded 6.7 percent growth rate inthe third quarter of 2007 as against6.1 percent recorded in the thirdquarter of 2006. The processingindustries sub sector recorded 4.7percent growth rate in 2007 asagainst a growth rate of 2.0 percentfor the same period of 2006.

During the reference period, the totalvalue of industrial exports grew by18.4 percent and the Textiles andGarment exports increased by 13.2percent as against that of 11.4 percent and 9.2 percent for the sameperiod of 2006.

The performance of Mining andQuarrying sector for the referenceperiod indicated a growth rate of 15.7percent as against the growth rate of14.3 per cent for the correspondingquarter of the previous year.

The estimates of Electricity, Gas andWater sub sector has recorded agrowth rate of 5.2 percent for thethird quarter of 2007 as against thatof 19.1 percent in the same period of2006.

The total power generation for thethird quarter of 2007 increased by4.5 percent as against that of thecorresponding reference period in2006. It was 21.0 percent in thecorresponding quarter of 2006.

Hydro power generation shows anegative increase due to insufficientrain falls in Hydro catchments areaand gradual decrease in capacity ofreservoirs. Consequently it shows ahigh growth in thermal powergeneration. The hydro-powergeneration contributes around 30.0percent of total power generation.

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06/05 07/06 06/05 07/06Agriculture,Forestry and Fishing 17.2 26.5 13.9 22.7

1. Agriculture, Livestock and Forestry 14.5 24.9 9.2 18.41.1 Tea 11.8 52.6 5.3 28.91.2 Rubber 83.5 7.4 84.8 15.81.3 Coconut 3.5 30.9 0.2 19.61.4 Minor export crops 22.5 -14.6 9.0 -10.41.5 Paddy -1.5 27.1 -2.9 10.01.6 Livestock 20.5 38.1 15.8 42.51.7 Other food crops 9.8 16.8 6.6 13.3

1.7.1 Highland crops 16.2 23.0 12.6 21.11.7.2 Vegetables 5.6 11.5 4.2 8.91.7.3 Fruits 2.6 40.1 -2.1 38.1

1.8 Other 28.5 11.2 39.4 30.21.9 Plantation Development 5.2 15.3 8.6 10.61.10 Miscellaneous Agricultural Products 5.6 27.0 -0.4 21.31.11 Firew ood & Forestry 49.8 34.4 33.1 26.9

2. Fishing 48.4 40.6 97.2 63.62.1 Inland - Fishing 9.7 68.9 -2.0 56.82.1 Marine - Fishing 52.7 38.3 113.4 64.1

Industry 24.5 19.2 22.6 18.23. Mining and Quarrying 33.4 27.0 32.7 19.2

3.1 Gem Mining 15.7 47.0 5.4 26.03.2 Other Mining 42.7 18.5 47.9 16.5

4. Manufacturing 22.6 15.9 19.6 16.94.1 Processing (Tea, Rubber and Coconut) 0.9 27.8 10.6 19.54.2 Factory industry 24.1 15.5 20.5 17.1

4.2.1 Food Beverages 26.4 15.4 20.4 16.14.2.2 Textile,Wearing appral & leather 19.4 13.1 12.9 18.44.2.3 Chemicals, petroleum, Coal, rubber & plastic

23.3 12.6 37.7 16.5


7.9 13.4 14.7 14.2


29.7 30.1 10.6 22.7

4.2.6 Other Industries 43.4 22.6 26.8 20.14.3 Cottage industry 9.3 17.0 9.9 11.2

5. Electricity, gas and water 25.2 20.8 24.5 21.15.1 Electricity 24.8 19.5 22.8 20.55.2 Gas 31.4 38.3 33.8 34.15.3 Water 18.7 2.0 29.6 2.0

6. Construction 27.3 25.4 28.7 20.5Services 18.6 22.1 17.7 22.5

7. Wholesale and retail trade 16.5 22.1 14.1 19.97.1 Import trade 11.4 27.5 10.5 22.47.2 Export trade 10.5 19.5 11.9 20.77.3 Domestic trade 23.8 18.8 17.8 17.8

8. Hotels and restaurants 4.5 4.5 8.8 6.79. Transport and communication 21.6 22.0 22.7 23.3

9.1 Transport 22.3 19.7 21.0 22.79.1.1 Transport- Railw ay -44.0 168.3 25.2 38.59.1.2 Transport- Passenger and Goods 23.1 18.9 20.9 22.5

9.2 Cargo handling-Ports and Civil aviation -8.0 11.1 32.2 11.59.3 Post and telecommunication 33.2 41.7 32.3 32.2

10. Banking, insurance and real estate etc. 24.9 20.6 26.1 20.111. Ownership of dwellings 20.3 18.7 14.2 22.412. Government services 17.4 25.3 16.7 31.413. Private services 8.8 26.7 11.9 24.4

Gross Domestic Product 20.2 21.8 18.7 21.2@ Provisional

Table 3B - GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN AT CURRENT PRICESOF MAJOR ECONOMIC ACTIVITIES - RATE OF INCREASE


PERCENTAGE

Escalating price increases of crudeoil have had adverse impact on costof production of thermal powergeneration which have causedadversely on its value added.

In real terms, a growth rate of 9.0percent was estimated for theconstruction industry for the thirdquarter of 2007. The value of importsof investment goods including buildingmaterials for construction industryhas increased by 25.8 percent forthe reference period.

Under “Maga Naguma” roaddevelopment project reconstructedroads in selected remote areas in theIsland which do not have properaccess to the vil lages. Theseconstructions are still in progress.

Service Sector

The service sector recorded a 7.4percent growth rate for the thirdquarter of 2007 which was 8.2percent for the corresponding quarterof the previous year.

The growth rate recorded for theTrade sub sector was 6.5 per centfor the reference period of 2007 asagainst that of 7.2 per cent recordedfor the third quarter of 2006. TheWholesale, retail trade and theCommunication sub sectors indicatedcontinuous growth rates within theService sector of the GDP in recentpast.

The transport & Communication subsector has recorded continuous by ahigh growth of 12.2 per cent for thereference period. This growth waslargely contributed by theperformance in thetelecommunication and cargohandling, ports and civil aviation subsectors.

The number of fixed and mobiletelephones has increased by 45.7percent and 50.6 percentrespectively from the third Quarterof 2006 to the third quarter of 2007.

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. The number of registration of Buses,motor cars, and Lorries decreasedby 48.8%, 29.9%, and 11.8%respectively for the reference periodbut Registration of motor bikes hasrecorded an increase of 6.2 percentin this quarter.

The number of 20 footer containershandled by Ports Authority duringthe reference period has increasedby 6.2%. During this period, SriLanka Ports Authority (SLPA)including South Asia GatewayTerminal (SAGT) handled 895,238containers

Cargo handling – Ports and civilaviation increased by 5.6 percent incomparison to a growth of 14.1percent in the respective quarter of2006.

Passenger kilometers flown by theSri Lanka Air Lines has increasedby 6.3 percent during this quarter.It is income indicates a growth of12.5 percent.

For the third quarter of 2006 and2007, the total value of imports haveincreased by 15.2 and 18.5 per centrespectively and the total value ofexports increased by 21.9 per centin 2007 and 11.7 per cent in 2006.Accordingly, external trade wasbetter for the third quarter of 2007compared to that of 2006.

The continuous widening gap ofimports and exports is a big issuewith escalating crude oil prices atpresent. Therefore, policy measuresare needed to monitor imports toreduce the unfavourable wideninggap before it reaches to a criticalunmanageable situation.

Investment

The value of imported Investmentgoods increased by 25.8 per cent forthe third quarter of 2007 where 16.0per cent was recorded for the sameperiod in 2006.

Inflation Rate

The GDP implicit price deflator basedon 2002=100 increased to 160.5 inthe third quarter of 2007 as againstthat of 141.0 per cent for the sameperiod in 2006.

Quarterly average inflation ratebased on GDP was estimated as 13.8per cent for the third quarter of 2007as against that of 11.5 per centrecorded in the same period of 2006.

For this reference period, the crudeoil prices have gone up and itsunavoidable adverse impact can beseen in this inflation rate.

The Sri Lanka Consumers’ PriceIndex (SLCPI, Base year 1995 to1997=100) has more urban coveragefor the country and the Expenditureweights were extracted from the1995/96 survey on Income andExpenditure of Households.

Colombo Consumers’ Price Index(CCPI), and SLCPI have shownquarterly average price increases of17.4, 21.6 per cent respectively forthe third quarter of 2007 as againstthat of 15.1 and 10.7 in the sameperiod of 2006. So, all these CPIindices show relatively highincreases in the prices of consumergoods and services for the thirdquarter of 2007.

Department of Census and Statistics,National Accounts Division,104/A, Kitulwatta Road,Colombo 08.Telephone: 2696055 / 2676572 / 2676345Fax : 2676572Email: [email protected]: www. statistics.gov.lk

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Base Value,Rs. 202.24 125.17 19.05 8.67 11.52 37.83Weight 100% 62% 9% 4% 6% 19%

All Food Clothing Fuel & Rent Miscell Point toYear Items Light aneous point %

change2002 July 3,265.1 3,724.8 947.1 5,840.1 109.8 3,329.0 10.8 August 3,175.6 3,584.8 956.5 5,825.5 109.8 3,332.0 10.1 September 3,150.8 3,529.9 956.5 6,012.5 109.8 3,349.0 7.4 Third Quarter 3,197.2 3,613.2 953.4 5,892.7 109.8 3,336.7 9.4 2003 July 3,376.3 3,800.3 976.3 6,714.4 109.8 3,473.1 3.4 August 3,291.7 3,664.6 977.5 6,714.4 109.8 3,490.1 3.7 September 3,302.3 3,643.6 977.5 6,826.3 109.8 3,613.5 4.8 Third Quarter 3,323.4 3,702.8 977.1 6,751.7 109.8 3,525.6 3.9 2004 July 3,675.7 4,183.5 984.1 7,267.6 109.8 3,654.3 8.9 August 3,635.9 4,120.2 984.1 7,286.4 109.8 3,655.3 10.5 September 3,684.7 4,165.4 984.1 7,306.6 109.8 3,776.1 11.6 Third Quarter 3,665.4 4,156.4 984.1 7,286.9 109.8 3,695.2 10.3 2005 July 4,073.0 4,577.9 1,029.5 8,576.2 109.8 4,186.1 10.8 August 4,032.1 4,501.2 1,209.5 8,611.2 109.8 4,230.5 10.9 September 4,072.4 4,548.2 1,042.7 8,611.2 109.8 4,286.4 10.5 Third Quarter 4,059.2 4,542.4 1,093.9 8,599.5 109.8 4,234.3 10.7 2006 July 4,672.5 5,278.9 1,068.5 11,101.8 109.8 4,421.0 14.7 August 4,650.0 5,177.3 1,078.2 11,368.7 109.8 4,616.5 15.3 September 4,699.9 5,232.6 1,078.2 11,769.5 109.8 4,598.9 15.4 Third Quarter 4,674.1 5,229.6 1,075.0 11,413.3 109.8 4,545.5 15.1 2007 July 5,496.5 6,209.2 1,113.5 14,333.8 109.8 4,950.9 17.6 August 5,453.2 6,112.1 1,121.8 14,510.9 109.8 5,020.5 17.3 September 5,513.8 6,188.5 1,132.8 14,510.9 109.8 5,087.0 17.3 Third Quarter 5,487.8 6,169.9 1,122.7 14,451.9 109.8 5,019.5 17.4

Table 4-Colombo Consumers' Price Index (CCPI) by Major Commodity Groups(1952=100)

Base Value,Rs. 4785.96 3407.76 193.64 625.79 99.01 114.35 140.01 40.43 62.28 102.69Weight 100.0% 71.2% 4.1% 13.1% 2.1% 2.4% 2.9% 0.8% 1.3% 2.1%

All Food Clothing Housing Furnishing Health Transport Leisure Education Miscell Point toItems Beverages and Water H/H equip. & Entertain -aneous point %

and Footwear Electricity Routine -ment,& changeTobacco Gas & Other Maintanance Culture

2002 July 154.9 153.8 131.3 147.1 150.1 238.9 173.0 136.9 165.3 171.5 10.0 August 152.9 150.7 133.9 148.1 151.1 238.9 170.6 136.9 165.3 171.7 9.4 September 152.6 149.9 133.9 149.6 150.1 238.9 171.0 136.9 168.6 171.7 7.8 Third Quarter 153.5 151.5 133.0 148.3 150.4 238.9 171.5 136.9 166.4 171.6 9.0 2003 July 157.1 152.8 142.8 157.9 151.3 255.8 183.1 136.9 168.7 184.3 1.4 August 154.8 148.8 144.5 158.0 155.1 266.5 187.2 136.9 172.4 184.4 1.2 September 154.7 148.2 145.8 158.7 155.1 268.2 188.4 136.9 172.4 184.6 1.4 Third Quarter 155.5 149.9 144.4 158.2 153.8 263.5 186.2 136.9 171.2 184.4 1.3 2004 July 170.2 167.6 149.1 166.4 158.6 274.6 192.9 136.9 176.3 191.3 8.3 August 171.6 168.4 149.4 167.3 158.9 288.8 197.0 159.4 177.6 192.0 10.9 September 176.9 175.1 150.1 167.8 158.9 288.8 212.1 159.4 177.6 192.0 14.4 Third Quarter 172.9 170.4 149.5 167.2 158.8 284.1 200.7 151.9 177.2 191.8 11.2 2005 July 187.6 181.5 155.0 193.8 174.2 314.6 244.6 175.2 194.9 208.8 10.2 August 186.6 179.7 155.4 193.7 174.4 316.7 248.1 175.2 196.5 210.7 8.7 September 187.3 180.6 156.4 193.8 174.4 316.7 248.1 175.2 196.5 211.8 5.9 Third Quarter 187.2 180.6 155.6 193.8 174.3 316.0 246.9 175.2 196.0 210.4 8.3 2006 July 206.2 194.4 165.5 236.3 181.5 332.3 314.5 198.7 207.9 227.5 9.9 August 206.9 194.1 166.6 238.1 182.2 348.7 319.0 199.0 215.8 228.4 10.9 September 208.8 195.6 168.0 243.6 182.0 348.7 321.4 199.0 215.8 228.4 11.5 Third Quarter 207.3 194.7 166.7 239.3 181.9 343.2 318.3 198.9 213.2 228.1 10.7 2006 July 249.6 240.6 176.6 283.0 199.8 389.6 364.1 200.6 234.7 245.5 21.0 August 251.8 242.0 180.1 282.5 206.0 406.8 375.6 200.6 247.5 250.3 21.7 September 255.0 245.8 179.1 286.1 209.1 406.8 375.6 200.6 247.5 252.9 22.1 Third Quarter 252.1 242.8 178.6 283.9 205.0 401.1 371.8 200.6 243.2 249.6 21.6

Table 5 - Sri Lanka Consumers' Price Index (SLCPI) (1995 to 1997=100)

Year

of sri lanka · 2010. 10. 7. · at constant (2002) prices of major economic activities - value...

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