Sri Lanka

Bucks trend and sees growth


Published

Following the end of the 30 year old civil war in 2009 Sri Lanka has been experiencing exceptional growth levels, despite the economic downturn elsewhere in the world.

Bloomberg reports today that GDP has grown 8.4% in the three months to September, the second quarter to show such high levels of growth.

Agriculture has expanded by 6.2% with a good rice harvest from the Yala crop, services are up 7.8% and industry is up 10.8%.

Exports of textiles, tea and gems has grown by 20.4% compared with this time last year. Tourism is also bouncing back with the expected number of arrivals being marked up to 800,000 this year from the low of around 350,000 in 2009.

Investors can find out more about investing in Sri Lanka at the Board of Investors website, which is at www.investsrilanka.com.

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