Provincial Gross Domestic Product – 2019
Nestling the commercial and administrative capital of the country, Western province continued to be the forerunner of the economy. However, its share declined, contributing to narrowing of regional disparity.
Western province has secured the largest share (39.1%) of the country’s nominal GDP in 2019 but due to improved contribution from the other provinces, the share has declined by 0.5% from 2018, latest data from the Central Bank outlined.
Central (11.5% ) and North Western (10.7%) provinces were ranked at second and third positions, respectively.
PGDP 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% to 15.9% whereas Southern, North Western and Central provinces were the top contributors to the Agricultural activities of the country.
Western province has dominated the Industry activities with a contribution of 45.8% while Central and North Western provinces became second and third highest contributors.
In terms of Services activities, Western province recorded the highest contribution of 39.6% while Central and Southern provinces had the second and third highest contributions.
Compared to the previous year, Northern and North Western provinces have increased their shares across the three activities. On contrary, Central and North Central provinces shares in all the activities have declined from the previous year while other provinces have shown a mixed performance.
All the provinces, except Northern province, have dominant Services activities with over 50% contribution. Industry activities in all provinces are positioned next to the Services activities, ranging from 16.7% to 32.1% while Agricultural activities range from 1.9% to 15.1% across the provinces.