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.

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.

In 2024, India’s real gross domestic product (GDP) growth rate was around **** percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately **** percent that year, but it was forecasted to increase to **** percent in 2026.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 *** 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 M2 Growth

• Sri Lanka Money Supply M2 increased 11.1 % YoY in Jan 2025, compared with a growth of 10.2 % in the previous month
• Sri Lanka Money Supply M2 growth data is updated monthly, available from Jan 1995 to Jan 2025
• The data reached an all-time high of 23.4 % in Apr 1996 and a record low of 5.7 % in Apr 2023

CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of Sri Lanka provides M2 in local currency.


Further information about Sri Lanka M2 Growth

• In the latest reports, Sri Lanka Foreign Exchange Reserves was measured at 6.0 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 3.4 Months of Import in Jan 2025
• 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
• Household Debt of Sri Lanka reached 6.5 USD bn in Sep 2024, accounting for 6.5 % of the country's Nominal GDP

In 2024, the growth of the real gross domestic product (GDP) in Sri Lanka was approximately 5.01 percent.Fluctuating decline between 1980 and 2024Compared to the earliest depicted observation from 1980 there is a total decrease by approximately 0.84 percentage points. From the pattern between 1980 and 2024 it becomes clear that this decrease however did not happen continuously.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.

Key information about Sri Lanka Producer Price Index Growth

• Sri Lanka Producer Price Index (PPI) dropped -3.6 % YoY in Jan 2025, compared with a drop of 2.1 % YoY in the previous month.
• Sri Lanka Producer Price Index data is updated monthly, available from Jan 2015 to Jan 2025, with an average change of 5.4 % YoY.
• The data reached an all-time high of 105.2 % YoY in Aug 2022 and a record low of -7.3 % YoY in Sep 2023.

CEIC calculates monthly Producer Price Index Growth from monthly Producer Price Index. The Department of Census and Statistics provides Producer Price Index with base 4Q2018=100.

Key information about Sri Lanka Total Imports Growth

• Sri Lanka Total Imports grew 18.1 % YoY in Jan 2025, compared with an increase of 29.3 % YoY in the previous month
• Sri Lanka Total Imports Growth data is updated monthly, available from Jan 1983 to Jan 2025, with an averaged rate of 7.0 %
• The data reached an all-time high of 99.7 % in Jul 1990 and a record low of -52.3 % in Apr 2009

CEIC calculates Total Imports Growth from monthly Total Imports. The Central Bank of Sri Lanka provides Total Imports, CIF, in USD.


Further information about Sri Lanka Total Imports Growth

• In the latest reports, Sri Lanka Total Imports recorded 1.8 USD bn in Jan 2025
• Total Exports reached 1.1 USD bn in Jan 2025, which registered an increase of 8.5 % year on year
• Sri Lanka Trade Balance recorded a deficit of 732.7 USD mn in Jan 2025

Claims on central government (annual growth as % of broad money) in Sri Lanka was reported at 6.668 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sri Lanka - Claims on central government (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Claims on other sectors of the domestic economy (annual growth as % of broad money) in Sri Lanka was reported at 4.2921 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sri Lanka - Claims on other sectors of the domestic economy (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Sri Lanka Consumer Price Index CPI growth

• Sri Lanka Consumer Price Index (CPI) growth was measured at -4.0 % YoY in Jan 2025, compared with a rate of -2.0 % in the previous month.
• Sri Lanka Consumer Price Index growth data is updated monthly, available from Jan 1960 to Jan 2025, with an averaged number of 7.1 % YoY.
• The data reached an all-time high of 73.7 % YoY in Sep 2022 and a record low of -4.2 % YoY in Jul 1960.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The Department of Census and Statistics provides Consumer Price Index with base 2021=100. Consumer Price Index Growth prior to January 2023 is calculated from Consumer Price Index with base 2013=100. Consumer Price Index Growth prior to January 2015 is sourced from the International Monetary Fund.

Exports of goods and services (annual % growth) in Sri Lanka was reported at 12.03 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sri Lanka - Exports of goods and services (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

Sri Lanka inflation rate for 2023 was 16.54%, a 33.18% decline from 2022.

<ul style='margin-top:20px;'>

<li>Sri Lanka inflation rate for 2022 was <strong>49.72%</strong>, a <strong>42.71% increase</strong> from 2021.</li>
<li>Sri Lanka inflation rate for 2021 was <strong>7.01%</strong>, a <strong>0.86% increase</strong> from 2020.</li>
<li>Sri Lanka inflation rate for 2020 was <strong>6.15%</strong>, a <strong>2.63% increase</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

After two years of growth, the Sri Lankan plant-growth regulators market decreased by -19.8% to $27M in 2024. In general, consumption saw a slight shrinkage. Over the period under review, the market reached the peak level at $36M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

The Telecommunications eCommerce market in Sri Lanka is predicted to reach US$233.7m revenue by 2025, reflecting an estimated growth rate of 5% compared to 2024.

Sri Lanka manufacturing output for 2023 was 15.12 billion US dollars, a 3.74% increase from 2022.

<ul style='margin-top:20px;'>

<li>Sri Lanka manufacturing output for 2022 was <strong>14.57 billion US dollars</strong>, a <strong>8.46% decline</strong> from 2021.</li>
<li>Sri Lanka manufacturing output for 2021 was <strong>15.92 billion US dollars</strong>, a <strong>15.94% increase</strong> from 2020.</li>
<li>Sri Lanka manufacturing output for 2020 was <strong>13.73 billion US dollars</strong>, a <strong>4.56% decline</strong> from 2019.</li>
</ul>Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

The eBooks eCommerce market in Sri Lanka is predicted to reach US$13.3m revenue by 2025, reflecting an estimated growth rate of 7% compared to 2024.

Urban population growth (annual %) in Sri Lanka was reported at 0.31634 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sri Lanka - Urban population growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

The here depicted growth of the real gross domestic product (GDP) in Bhutan amounts to approximately 7 percent in 2025.Fluctuating rise between 1980 and 2025Compared to the earliest depicted observation from 1980 there is a total increase by approximately 2 percentage points. From the pattern between 1980 and 2025 it becomes clear that this increase however did not happen continuously.Fluctuating decline between 2025 and 2030In 2030 the growth will be about 5.50 percent, according to forecasts. From 2025 onwards, there is an overall decrease by approximately 1.50 percentage points.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.

The Sri Lanka mobile operators market, valued at approximately $X million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.80% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing smartphone penetration, particularly among younger demographics, is a significant contributor. The rising adoption of mobile internet for social media, entertainment streaming (OTT), and e-commerce fuels demand for data services. Government initiatives promoting digital inclusion and infrastructure development further accelerate market growth. The market is segmented into voice services (wired and wireless), data services, and OTT and PayTV services. Data services are expected to dominate market share, driven by increasing mobile data consumption. Competition among major players like Dialog Axiata, Hutch, SLT-MOBITEL, Lanka Bell, and Airtel, along with international players, fosters innovation and competitive pricing, benefiting consumers. However, challenges remain; regulatory hurdles, infrastructure limitations in certain regions, and potential economic fluctuations could present constraints to market expansion. The market's growth trajectory is heavily reliant on sustained economic development and continued investment in telecommunications infrastructure. Despite the positive outlook, the market faces certain restraints. Maintaining affordability amidst increasing infrastructure costs and operational expenses remains a challenge for operators. The need for continuous network upgrades to handle growing data traffic and the increasing prevalence of cybersecurity threats require substantial investment. Regulatory changes and licensing requirements also impact operational efficiency. Furthermore, the competitive landscape necessitates ongoing investments in network optimization, service innovation, and customer retention strategies. The market's success hinges on the ability of operators to balance profitability with affordable service provision while adapting to the evolving technological landscape. Successful navigation of these factors will be crucial in sustaining the projected CAGR. (Note: The value of 'X' in the first paragraph is intentionally omitted because the original prompt did not provide a market size value for 2025. A reasonable estimation would require additional market research data.) Recent developments include: June 2022 - SLT-Mobitel expanded its footprint by launching a pre-commercial 5G network to Colombo, Kandy, Anuradhapura, Galle, and Jaffna. 5G network provides high-speed services for end-users to access mobile broadband and fixed wireless access (FWA) services., October 2022 - The Asian Development Bank (ADB) and Dhivehi Raajjeyge Gulhun Public Limited Company (Dhiraagu) have agreed on a USD 20 million debt financing facility to expand mobile and internet coverage in the Maldives by supporting the company's capital expenditure requirements and helping to finance for project SEA-ME-WE 6 Submarine Cable System (SMW6).. Key drivers for this market are: Rising demand for 5G, Growth of IoT usage in Telecom. Potential restraints include: Compatibility With Old Machinery, Critical and Hazardous Implication on the Environment. Notable trends are: Rising demand for wireless services.

The here depicted gross domestic product (GDP) in current prices in Nepal is approximately 46.08 billion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025Between 1980 and 2025 a total increase by approximately 43.82 billion U.S. dollars can be observed. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2030The GDP will amount to close to 71.78 billion U.S. dollars in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately 25.70 billion U.S. dollars. This growth reflects a steady upward trend.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.