April 25, 2024
tami sin youtube  twitter facebook

    Western Province highest contributor to GDP

    November 05, 2018

    The Western Province continued to account for the largest share of the country’s nominal Gross Domestic Product (GDP).The Provincial Gross Domestic Product (PGDP) estimated by the Statistics Department of the Central Bank of Sri Lanka (CBSL) by disaggregating the annual nominal Gross Domestic Product (GDP) figures published by the Department of Census and Statistics (DCS) ,using provincial indicators, shows that the Western Province continued to account for the largest share of the country’s nominal GDP.


    However, in line with recent trends, its share in the GDP declined in 2017, contributing to narrowing of regional disparity. Central and North Western provinces were the second and third highest contributors to the national GDP in nominal terms. During 2017, increases in PGDP shares could be observed in Eastern,

    North Western and Uva provinces, while that of Western, Southern, North Central and Sabaragamuwa provinces decreased. The shares of Central and Northern provinces remain unchanged.

    Analysis of the economic structures within the province shows that services activities play a dominant role in each province contributing more than 50 per cent to the PGDP, except for Uva province where the contribution from the services sector was 37.8 per cent. The performance of the services activities in each province was largely backed by the developments in wholesale and retail trade together with the expansion in transportation activities. Provincial GDP of Uva province was largely driven by industry activities (44.2per cent), for which mining and quarrying contributed significantly.

    In other provinces, the contributions from industry activities to PGDP varied from 16.2 to 31.5 per cent. In line with the trend observed in national GDP, contribution from agriculture activities to PGDP was the lowest in all the provinces ranging from 2.1 to 15.1 per cent. During 2017, Eastern province recorded the highest share of 15.1 per cent, which was led by production of rice and marine fishing.

    dgi log front

    recu

    electionR2

    Desathiya