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Sri Lanka's economy grew by 5.4% year-on-year in the fourth quarter of 2024, following a downwardly revised 5.3% expansion in the previous period. This marked the fastest pace of growth since the second quarter of 2021, driven by a 13.1% surge in industrial production (compared to 10.1% in Q3 2024) and a solid 2.5% increase in services output (compared to 2.6% in Q3). In contrast, agricultural activities contracted by 2.2%, partially reversing the 3.7% growth seen in the previous quarter. For the full year of 2024, the economy expanded by 5.0%, following two consecutive periods of contraction.