The Sri Lanka economy advanced 3.7 percent year-on-year in the first quarter of 2019, up from 1.8 percent in the prior period. The growth was mainly boosted by a rebound in the industrial activities (3.0 percent vs -3.6 percent in Q4), particularly mining & quarrying (5.8 percent vs -14.9 percent); construction (6.9 percent vs -10.1 percent) and manufacture of furniture (5.7 percent vs -7.5 percent) while agriculture output advanced faster (5.5 percent vs 4.5 percent), namely animal production (9.4 percent vs 1.2 percent). On the other hand, the services output rose at a softer pace (4.1 percent vs 4.3 percent), mainly financial services activities (9.8 percent vs 12.6 percent). GDP Annual Growth Rate in Sri Lanka averaged 5.71 percent from 2003 until 2019, reaching an all time high of 16.12 percent in the first quarter of 2012 and a record low of 0.50 percent in the fourth quarter of 2013.

GDP Annual Growth Rate in Sri Lanka is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Sri Lanka to stand at 3.50 in 12 months time. In the long-term, the Sri Lanka GDP Annual Growth Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Sri Lanka GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-18 10:30 AM GDP Growth Rate YoY 3.7% 3.5% 3.4%
2018-12-18 10:45 AM GDP Growth Rate YoY 2.9% 3.6% 3.8%
2019-03-19 11:00 AM GDP Growth Rate YoY 1.8% 3.5% 2%
2019-06-18 11:45 AM GDP Growth Rate YoY 3.5% 1.8% 2.7%
2019-09-18 10:30 AM GDP Growth Rate YoY 3.5% 2%
2019-12-14 11:00 AM GDP Growth Rate YoY 2.9%


Sri Lanka GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 3.70 16.10 0.50 percent [+]
GDP Annual Growth Rate 3.70 1.80 16.12 0.50 percent [+]
GDP 88.90 88.02 88.90 1.24 USD Billion [+]
GDP Constant Prices 2326273.00 2680362.00 2680362.00 1414948.00 LKR Million [+]
Gross National Product 14047307.00 13060619.00 14047307.00 4115.00 LKR Million [+]
Gross Fixed Capital Formation 3707078.50 3502123.90 3707078.50 357.00 LKR Million [+]
GDP per capita 3936.50 3854.20 3936.50 585.90 USD [+]
GDP per capita PPP 11955.50 11705.80 11955.50 3613.20 USD [+]
GDP From Agriculture 162364.00 186854.00 186854.00 124301.00 LKR Million [+]
GDP From Construction 177851.00 171094.00 190372.00 77176.00 LKR Million [+]
GDP From Manufacturing 348130.00 389558.00 442318.00 270409.00 LKR Million [+]
GDP From Mining 62670.00 57191.00 67204.00 29585.00 LKR Million [+]
GDP From Public Administration 97321.00 123450.00 130706.00 82170.00 LKR Million [+]
GDP From Services 1335470.00 1469899.00 1469899.00 793066.00 LKR Million [+]
GDP From Transport 232601.00 320545.00 320545.00 135720.00 LKR Million [+]
GDP From Utilities 25028.00 24452.00 25287.00 16596.00 LKR Million [+]


Sri Lanka GDP Annual Growth Rate

In Sri Lanka, services are the biggest sector of the economy and account for 58 percent of total GDP. Within services the most important segments are: wholesale and retail trade (21 percent); transport and communication (13 percent) and banking, insurance and real estate (11 percent). Industry accounts for 30 percent of total output. Within industry, manufacturing represents 18 percent of GDP and mining and construction account for 10 percent. The remaining 12 percent is contributed by agriculture, livestock, forestry and fishing. This page 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. Sri Lanka GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 1.80 16.12 0.50 2003 - 2019 percent Quarterly
Constant Prices 2010




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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