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Regional disparities reduce in 2007

National GDP, measured as the aggregate of the provincial GDP, has grown by 21.7 per cent in 2007, reaching Rs.3, 577 billion with a per capita income of Rs.178,783 according Central Bank of Sri Lanka (CBSL). The PGDP statistics are estimated at current market prices.

The salient feature observed in the PGDP estimates for 2007 was the changing trend of the provincial contribution to the national GDP towards reduction of regional disparities.

During the year, the contribution to the national GDP by the Western Province dropped further from 50.1 per cent in 2006 to 48.4 per cent in 2007, while contribution from all other provinces except North Central province increased over the previous year.

Southern province and North Western provinces contributed 10.5 per cent and 9.6 per cent to the GDP in 2007 compared to 10 per cent and 9.1 per cent in 2006.

Meanwhile, the Central province, Sabaragamuwa province, Uva province, Eastern province and Northern Province also recorded some improvements eventhough the contribution of each of these five provinces to total GDP still remained at less than 10 per cent.

In terms of GDP growth rates, the Western Province and the North Central province recorded 17.7 per cent and 19.1 per cent, slightly below the country’s average growth of 21.7 per cent. In contrast, every other province achieved a growth rate well above the national average rate.

Accordingly, North Western province, Uva province, Southern province, Northern Province, Sabaragamuwa province, Eastern province and Central province recorded growth rates of 28.3 per cent, 28.2 per cent, 27.9 per cent, 27.1 per cent, 26.7 per cent 23.9 per cent and 22.8 per cent, respectively.

North Western, Southern, Sabaragamuwa and Central provinces jointly grew by 26.5 per cent, more than the growth of Western province, adding a share of 35 per cent to the national GDP compared with a share of 34 per cent in 2006.

This region was responsible for 59 per cent of the total agriculture value added and approximately 1/3 of total Industry and Services value added of the national economy.

The growth in the region was largely driven by the expansion of the Services sector contributing around 52 per cent to the total growth in the region, while the industry sector and agriculture sector contributed for 29 per cent and 19 per cent, respectively.

North Central, Uva, Eastern and Northern provinces, contributed less than five per cent each to the national economy.

These four provinces collectively recorded a growth of 24.4 per cent, of which 65 per cent came from the expansion of the services sector followed by Industry and Agriculture sectors contributing 20 per cent and 16 per cent, respectively.

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