Sri Lanka - Economic sectors

The changing structure of the economy mirrored in the relative contribution of the key industrial sectors reflect the country's potential to realize substantial growth. It also reflects the transition of the agriculture-dominated economy to a more diversified one with growing industrial and modern service sectors. In 1950, agriculture accounted for half the gross domestic product and by the year 2000, its significance was reduced to one-fifth of the gross domestic product. The contribution of industry more than doubled from about 11 percent to 19 percent

while the service sector expanded significantly from 39 percent to 60 percent during the same period. Sri Lanka is rich in resources, both natural and human. It has several unexploited mineral resources (such as iron ore) and underexploited mineral and fisheries resources with substantial potential for future growth. Another area with substantial growth potential is tourism, which is interrupted by the prolonged civil unrest in the economy.

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