Download Provincial Gross Domestic Product 2006

CENTRAL BANK OF SRI LANKA
Communications Department
30, Janadhipathi Mawatha, Colombo 1.
Tel : 2477424, 2477639,2477420
Fax : 2346257, 2477739
E-mail:[email protected]; [email protected]
PRESS RELEASE
Date: 2007-06-27
Issued By: Statistics Department
Provincial Gross Domestic Product – 2006
The Gross Domestic Product (GDP) of the country in 2006 grew by 18.4 per cent, in nominal terms, reaching Rs. 2,484
billion with per capita income amounting to Rs. 126,306. The distribution of the GDP among provinces shows that
contribution to GDP at provincial level was largely concentrated in the Western Province with a slight decline from the
year before. During the year, the Western Province recorded a growth of 16.8 per cent in current terms, contributing
50.1 per cent to the total GDP compared to 50.8 per cent in 2005. The dominance of Western Province in economic
activity is a consequence of having major infrastructure centres such as ports and airports, financial houses, major
import and export organizations and other service providing establishments including telecommunication.
Taking into account the size of provincial population, per capita value added in Western Province was 1.8 times the
national average. In contrast, all the other provinces had per capita value added below the country average, ranging
between 0.8 in the North Western Province and 0.5 in the Northern Province.
The four neighbouring provinces to the Western Province viz. North Western, Southern, Sabaragamuwa and Central
Provinces jointly grew by 21.7 per cent, more than the growth in the Western Province, while maintaining a share in the
national GDP at around 34 per cent. This region was responsible for 59 per cent of the total agricultural value added of
the national economy. As in the rest of the country, the growth in the region was largely driven by the expansion of
Services sector contributing around 55 per cent of the growth in the region, while Agriculture sector accounting for a
quarter of the growth and the industry sector contributing the balance 20 per cent. Of these four provinces, the North
Western and Southern provinces contributed 9.3 per cent each to the national GDP while Central and Sabaragamuwa
provinces added 8.8 per cent and 6.2 per cent, respectively.
The outer most four provinces from the Western Province namely, the Eastern, Uva, North Central and Northern
provinces, contributed less than 5 per cent each to the national economy. These four provinces collectively recorded a
growth of 17.0 per cent, of which 67 per cent was contributed by expansion of the services sector followed by Industry
and Agriculture sectors contributing 27 per cent and 6 per cent, respectively.
The data reveal the continuing income disparity in the provinces, which needs to be addressed through concerted efforts
by the provinces. Some of such efforts are attracting foreign direct investment in to the provinces, developing
infrastructure, establishing activities that would attract both international and domestic tourists and generate
opportunities for higher degree human capital development.
Table 1
National
Northern
North Central
Eastern
Uva
Central
Southern
Sabaragamuwa
Province
North Western
Westernn
Year
Provincial GDP at Current Factor Cost Prices – 2005 and 20061
2005
1,065,154
186,487
187,456
133,278
177,539
95,063
99,239
90,727
63,063
2,098,004
2006
1,243,652
231,975
230,491
153,095
217,844
114,843
117,192
102,378
72,722
2,484,191
GDP growth
2005
15.1
21.9
17.0
16.4
7.3
24.0
13.6
38.5
19.0
16.5
%
2006
16.8
24.4
23.0
14.9
22.7
20.8
18.1
12.8
15.3
18.4
2005
50.8
8.9
8.9
6.4
8.5
4.5
4.7
4.3
3.0
100.0
%
2006
50.1
9.3
9.3
6.2
8.8
4.6
4.7
4.1
2.9
100.0
Contribution
2005
47.1
11.3
9.2
6.3
4.0
6.2
4.0
8.5
3.4
100.0
to growth %
2006
46.2
11.8
11.1
5.1
10.4
5.1
4.6
3.0
2.5
100.0
Per capita
2005
1.79
0.78
0.74
0.67
0.66
0.72
0.60
0.74
0.52
1.00
income ratio
2006
1.76
0.82
0.77
0.65
0.68
0.73
0.60
0.70
0.51
1.00
GDP Rs.Mn.
GDP
share
1 Provisional
Source: Central Bank of Sri Lanka