Economy grew by four percent in 2017 Second Quarter

April 20, 2024

Economy

Economy grew by four percent in 2017 Second Quarter

September 20, 2017

Department of Census and Statistics (DCS) has released the estimated Gross Domestic Product at current prices and at constant (2010) prices in Production approach and other macroeconomic indicators for the second quarter of 2017.

The DCS in a communiqué stated that the GDP growth rate for the second quarter of 2017 has been estimated as 4.0 percent. The GDP at constant (2010) price reportedly reached up to Rs. 2,211,612 million and the GDP reported for the second quarter of 2016 was Rs. 2,125,848 million.

The four major components of the economy; Agriculture, Industry, Services and Taxes less subsidies on products has contributed to the GDP at current price by 8.2 percent, 25.9 percent, 56.6 percent and 9.4 percent respectively in the second quarter of 2017.