The Department of Census and Statistics issued the following statement on Tuesday announcing national accounts position for 2010, the first full year of peace since the conflict ended in May 2009 (see The Island page 1 late city edition on Wednesday, March 30).
The economic output of Sri Lanka as measured by GDP for the year 2010 at constant (2002) prices is estimated at rupees billion 2,645.4 as against rupees billion 2,449.2 in the previous year, registering an 8.0 percent growth rate as against 3.5 percent growth in the previous year. This impressive high growth is more important for the country’s economic progress and it is the second best GDP growth ever achieved since independence. The highest ever achieved GDP growth in the history of the country was 8.2 percent, and it was recorded in the years of 1968 and 1978.
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