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In the second quarter of 2020, Sri Lanka's GDP was estimated to have contracted by 16% the biggest quarterly fall on record and expanded by 2% in the third quarter. In the first nine months of the year, GDP was estimated to have contracted 5%. [118] After growing 5.0% in 2015, growth fell to 4% in 2016, 4% in 2017, 3% in 2018 and 2% in 2019. [119]
Lanka Milk Foods' brand Lakspray ranked on Brand Finance's 100 most valuable Sri Lankan brands list in 2020. In 2020, Lakspray was ranked 97th with a brand valuation of LKR357 million. [13] The shortage of milk powder and the shift from milk powder to fresh milk would be beneficial to Lanka Milk Foods, according to stock brokers Nation Lanka ...
The per capita consumption of milk and dairy products in Sri Lanka (about 36 kg) is less, compare to other countries in the South Asian region. Since the 1980s Sri Lanka import dry milk powder as their main dairy commodity from Australia and New Zealand up to now.
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for. №
With U.S. Steel, Nippon Steel aimed to raise its global steel production capacity to 85 million metric tons per year from 65 million tons now, nearing its long-term goal of lifting production ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
The wholesale price report comes a day after the government reported that consumer prices rose 2.7% in November from a year earlier, up from an annual gain of 2.6% in October. The increase, fueled ...
Colombo, the financial centre of Sri Lanka. The mixed economy of Sri Lanka was worth 27.60 LKR trillion ($84 billion) by gross domestic product (GDP) in 2023 [146] and $318 billion by purchasing power parity (PPP). [147] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.