[Public]

[Public]
National Accounts Estimates - 2023 Q2
Q2 Growth %
2022 2023 The Sri Lankan Economy contracted by 3.1%
in 2023 Q2 mainly due to the setbacks in
GDP -7.4 % -3.1 % Industry and Services activities.
• The decline in Industry activities was largely
attributed to considerable contractions in
Agriculture -7.9 % 3.6 %
construction, manufacturing and, mining and
quarrying activities.
Industry -10.1 % -11.5 % • Services activities recorded a marginal
contraction with the declines in financial
services, professional services and computer
Services -1.8 % -0.8 % programming activities.
• Agriculture activities recorded a growth in 2023
Taxes Less Q2 led by growing of rice, cereals and vegetables.
-40.6 % 12.6 %
Subsidies

Quarterly Real GDP Growth (%) Share of GDP GDP at Constant (2015) Price
Rs. 2015 Q2 - 2023 Q2
million
Taxes less
3,500,000
Subsidies on Agriculture
13.8 Products 8.8% 3,000,000
4.8% Industry 2,500,000
4.5 27.1%
2,000,000
1.4
-0.5
-3.2 -3.1 1,500,000
-7.4 1,000,000
-11.5 -11.5
-12.4 500,000
2023 Q1
2021 Q1
2021 Q2
2021 Q3
2021 Q4
2022 Q1
2022 Q2
2022 Q3
2022 Q4

2023 Q2

0
Services

2015 Q2

2016 Q2

2017 Q2

2018 Q2

2019 Q2

2020 Q2

2021 Q2

2022 Q2

2023 Q2
59.3%

Growth Rates of Agriculture Growth Rates of Industry Growth Rates of Services

Activities - 2023 Q2 Activities - 2023 Q2 Activities - 2023 Q2
Financial Service activities -18.8
44.4
Growing of Cereals (except Mining and quarrying -24.3
rice) Professional services -9.3
Growing of Rice 19.8 Computer programming
-8.5
consultancy and related…
Support activities to Construction -23.1
agriculture 13.2 Telecommunication -4.4

Growing of Tea 7.1 Human health activities -2.6

Growing of Vegetables 6.9 Manufacturing -5.1 Real estate activities -2.5

Growing of Rubber 5.8 Wholesale and retail trade 0.3

Growing of Spices, Water collection, Other personal services 1.3

aromatic, drug and… 5.1 -3.8
treatment and supply
Growing of Fruits Education 3.0
3.8
Electricity, gas, steam Postal and courier activities 3.2
Animal Production 0.6 and air conditioning -0.9
supply Transportation 5.4
Fishing -2.2
Sewerage, Waste Programming and
Growing of Oleaginous 6.2
-8.4 collection, treatment and broadcasting activities
Fruits 34.2
disposal activities; -0.9
Accommodation
Forestry and Logging -11.6 materials recovery

Source: Department of Census and Statistics

Statistics Department
Central Bank of Sri Lanka