The Gross Domestic Product (GDP) in Sri Lanka was worth 84.36 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Sri Lanka represents 0.08 percent of the world economy. This dataset provides the latest reported value for - Sri Lanka GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Sri Lanka expanded 5.40 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Sri Lanka GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) in current prices in Sri Lanka decreased to 74.59 billion U.S. dollars compared to the previous year. Nevertheless, the last two years recorded a significantly higher GDP than the preceding years.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Pakistan, Afghanistan, and Bangladesh.

Key information about Sri Lanka Nominal GDP Growth

• Sri Lanka Nominal GDP Growth was reported at 8.262 % in Sep 2024.
• This records a decrease from the previous number of 10.849 % for Jun 2024.
• Sri Lanka Nominal GDP Growth data is updated quarterly, averaging 12.080 % from Mar 2003 to Sep 2024, with 87 observations.
• The data reached an all-time high of 49.229 % in Sep 2022 and a record low of -15.334 % in Jun 2020.
• Sri Lanka Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Department of Census and Statistics provides Nominal GDP in local currency, based on SNA 2008, at 2015 prices. Nominal GDP Growth prior to Q1 2016 is calculated from Nominal GDP based on SNA 2008, at 2010 prices. Nominal GDP Growth prior to Q1 2011 is calculated from Nominal GDP based on SNA 1993, at 2002 prices.

Key information about Sri Lanka Government Debt: % of GDP

• Sri Lanka Government debt accounted for 96.9 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 98.0 % in the previous quarter.
• Sri Lanka government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Sep 2024.
• The data reached an all-time high of 120.9 % in Jun 2022 and a record low of 72.0 % in Mar 2018.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Central Bank of Sri Lanka provides Government Debt in local currency. The Department of Census and Statistics provides Nominal GDP in local currency. Government Debt as % of Nominal GDP prior to Q4 2015 is calculated from Nominal GDP based on old methodology.


Related information about Sri Lanka Government Debt: % of GDP

• In the latest reports, Sri Lanka National Government Debt reached 96.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 20.9 USD bn in Mar 2023.

The growth of the real gross domestic product (GDP) in Sri Lanka decreased by 11.6 percentage points (-275.53 percent) compared to the previous year. This marks the lowest growth during the observed period. This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Bhutan, Afghanistan, and Pakistan.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Key information about Sri Lanka Consolidated Fiscal Balance: % of GDP

• Sri Lanka Consolidated Fiscal Balance recorded a deficit equal to 5.6 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 5.7 % in the previous quarter
• Sri Lanka Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2014 to Sep 2024, with an average ratio of -6.5 %
• The data reached an all-time high of -4.7 % in Mar 2015 and a record low of -11.8 % in Sep 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Central Bank of Sri Lanka provides Consolidated Fiscal Balance in local currency. The Department of Census and Statistics provides Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2015 is calculated from Nominal GDP based on old methodology.


Further information about Sri Lanka Consolidated Fiscal Balance: % of GDP

• In the latest reports, Sri Lanka National Government Debt reached 96.5 USD bn in Sep 2024
• Sri Lanka Nominal GDP reached 20.9 USD bn in Mar 2023

Key information about Sri Lanka GDP Per Capita

• Sri Lanka Gross Domestic Product (GDP) per Capita reached 3,833.000 USD in Dec 2023, compared with 3,381.000 USD in Dec 2022.
• Sri Lanka GDP Per Capita data is updated yearly, available from Dec 1959 to Dec 2023, with an average number of 547.000 USD.
• The data reached an all-time high of 4,402.000 USD in Dec 2017 and a record low of 140.000 in Dec 1962.
• CEIC converts annual GDP per Capita into USD. The Department of Census and Statistics provides GDP per Capita in LKR based on SNA 2008, at 2015 prices. GDP per capita prior to 2015 is based on SNA 2008, at 2010 prices. GDP per capita prior to 2010 is based on SNA 1993, at 2002 prices.

Related information about Sri Lanka GDP Per Capita data

• In the latest reports, Sri Lanka GDP contracted 11.514 % YoY in Mar 2023.
• Sri Lanka Nominal GDP reached 20.859 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 2.989 % in Mar 2024.
• Gross Savings Rate of Sri Lanka was measured at 29.842 % in Mar 2023.

The gross domestic product (GDP) per capita in Sri Lanka declined to 3,330.38 U.S. dollars in 2022. Nevertheless, the last two years recorded a significantly higher GDP per capita than the preceding years.This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Bhutan, Bangladesh, and Nepal.

Key information about Sri Lanka Household Debt: % of GDP

• Sri Lanka household debt accounted for 6.5 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 6.5 % in the previous quarter.
• Sri Lanka household debt to GDP ratio is updated quarterly, available from Dec 2010 to Sep 2024.
• The data reached an all-time high of 10.4 % in Dec 2020 and a record low of 6.3 % in Dec 2014.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Central Bank of Sri Lanka provides Household Debt in local currency. The Department of Census and Statistics provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Pawning, Credit Cards, Personal Education, Personal Healthcare and Others. Household Debt as % of Nominal GDP prior to Q4 2015 is calculated from Nominal GDP based on old methodology.


Related information about Sri Lanka Household Debt: % of GDP

• In the latest reports, Sri Lanka Household Debt reached 6.5 USD bn in Sep 2024.
• Money Supply M2 in Sri Lanka increased 10.2 % YoY in Dec 2024.
• Sri Lanka Foreign Exchange Reserves was measured at 6.0 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 3.1 Months of Import in Dec 2024.
• Sri Lanka Domestic Credit reached 58.3 USD bn in Dec 2024, representing an increased of 4.0 % YoY.
• The country's Non Performing Loans Ratio stood at 4.5 % in Dec 2021, compared with the ratio of 4.9 % in the previous year.

The Gross Domestic Product per capita in Sri Lanka was last recorded at 3968.68 US dollars in 2023. The GDP per Capita in Sri Lanka is equivalent to 31 percent of the world's average. This dataset provides - Sri Lanka GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Full Year GDP Growth in Sri Lanka increased to 5 percent in 2024 from -2.30 percent in 2023. This dataset includes a chart with historical data for Sri Lanka Full Year Gdp Growth.

Key information about Sri Lanka Private Consumption: % of GDP

• Sri Lanka Private Consumption accounted for 73.3 % of its Nominal GDP in Sep 2024, compared with a ratio of 66.4 % in the previous quarter.
• Sri Lanka Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2010 to Sep 2024, with an average share of 64.9 %.
• The data reached an all-time high of 77.3 % in Mar 2010 and a record low of 53.6 % in Dec 2017.

CEIC calculates quarterly Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Department of Census and Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Private Consumption as % of Nominal GDP prior to Q1 2015 is based on SNA 2008, at 2010 prices.


Related information about Sri Lanka Private Consumption: % of GDP

• In the latest reports, Sri Lanka GDP contracted 11.5 % YoY in Mar 2023.
• Its Nominal GDP reached 20.9 USD bn in Mar 2023.
• Sri Lanka GDP Per Capita reached 3,833.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at 29.8 % in Mar 2023.

GDP from Construction in Sri Lanka increased to 231193 LKR Million in the fourth quarter of 2024 from 225660 LKR Million in the third quarter of 2024. This dataset provides - Sri Lanka Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Sri Lanka increased to 3250049 LKR Million in the fourth quarter of 2024 from 3154148 LKR Million in the third quarter of 2024. This dataset provides - Sri Lanka GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Sri Lanka from 2013 to 2023. In 2023, the share of agriculture in Sri Lanka's gross domestic product was 8.28 percent, industry contributed approximately 25.59 percent and the services sector contributed about 59.93 percent.

In 2023, India’s real gross domestic product (GDP) growth rate was around 8.15 percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately 1.95 percent that year, but it was forecasted to increase by 2.5 times to nearly 4.9 percent in 2025.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over 2.6 trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

Key information about Sri Lanka GDP Deflator Growth

• Sri Lanka GDP deflator (implicit price deflator) increased 2.6 % in Sep 2024, compared with an increase of 5.9 % in the previous quarter.
• Sri Lanka GDP Deflator Growth data is updated quarterly, available from Mar 2011 to Sep 2024, with an average rate of 5.1 %.
• The data reached an all-time high of 68.0 % in Sep 2022 and a record low of -3.5 % in Dec 2011.

CEIC calculates quarterly GDP Deflator Growth from quarterly Nominal and Real GDP. The Department of Census and Statistics provides Nominal GDP in local currency and Real GDP in local currency, at 2015 prices. GDP Deflator Growth prior to Q1 2016 is calculated from Nominal and Real GDP, at 2010 prices.


Related information about Sri Lanka GDP Deflator Growth

• In the latest reports, Sri Lanka GDP contracted 11.5 % YoY in Mar 2023.
• Its Nominal GDP reached 20.9 USD bn in Mar 2023.
• Sri Lanka GDP Per Capita reached 3,833.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at 29.8 % in Mar 2023.

GDP (current US$) in Sri Lanka was reported at 84356863744 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sri Lanka - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.