Western Province leads GDP share | Sunday Observer

Western Province leads GDP share

27 December, 2020

The Western Province continued to be the forerunner of the economy.

However, its share declined, contributing to narrowing of regional disparity.

The Western Province secured the largest share (39.1 percent) of the country’s nominal GDP.

However, due to improved contribution from the other provinces, the share declined by 0.5 percent from 2018. The Central (11.5 percent) and North Western (10.7 percent) provinces were ranked at second and third positions.

Provincial Gross Domestic Product shares increased in Northern, Eastern, North Western and Sabaragamuwa provinces, while in Western, Central, Southern, North Central and Uva provinces, share decreases could be observed year-on-year.

All the provinces have contributed fairly in terms of the Agricultural activities ranging from 8.4 percent to 15.9 percent whereas Southern, North Western and Central provinces were the top contributors to the Agricultural activities of the country.

The Western Province has dominated the Industry activities with a contribution of 45.8 percent, while the Central and North Western provinces became the second and third highest contributors. In terms of services activities, the Western Province recorded the highest contribution of 39.6 percent, while the Central and Southern provinces had the second and third highest contributions.

As shown in Table 2, compared to the previous year, the Northern and North Western Provinces have increased their shares across the three activities.

On the contrary, the Central and North Central Provinces shares in all the activities have declined from the previous year, while other provinces have shown a mixed performance.

PGDP has been computed by the Statistics Department of the Central Bank of Sri Lanka (CBSL), using a top-down approach by disaggregating the nominal Gross Domestic Product (GDP) compiled by the Department of Census and Statistics (DCS).

In the estimation of PGDP for the provinces, the value of each line item in GDP is apportioned using indicators at the provincial level.?