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Sri Lanka's new GDP data technically correct, but 2012 growth sinister: Cabraal | Economynext

Sri Lanka's new GDP data technically correct, but 2012 growth sinister: Cabraal | Economynext: Sri Lanka's nominal GDP for 2014 (at prices current at the time) was estimated under a 2002 model at 9784 billion rupees, was revised up to 10,291 billion rupees under the new method.

"So GDP is not 74.9 billion dollars, but it is 78.8 billion US dollars (in 2014)," Cabraal told reporters. "Our per capita GDP was earlier estimated at 3,625 dollars. That has increased to 3,795 dollars.

"That means the situation was much better than we thought when Mahinda Rajapaksa handed over the country."

He said the 2012 GDP growth which was revised up to 9.2 percent from 6.2 percent, made the growth in the subsequent two years much lower
Sri Lanka's new GDP data technically correct, but 2012 growth sinister: Cabraal | EconomynextSocialTwist Tell-a-Friend

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