Srilanka, March 19 -- The Department of Census and Statistics has reported a 5% growth in Sri Lanka's Gross Domestic Product (GDP) for 2024, marking a significant recovery from economic setbacks in 2022 and 2023.

This positive trajectory continued in the fourth quarter of 2024, marking the sixth consecutive quarter of economic growth since the third quarter of 2023. The expansion was driven by increased export and import volumes, higher container handling at Sri Lankan ports, and a stabilized foreign exchange rate.

Notably, the latter part of 2024 saw a rise in the registration of freight and agricultural vehicles, reflecting renewed economic activity and confidence.

Published by HT Digital Content Services with permission from Daily ...