The economy of Sri Lanka shrank 12.4% year-on-year in the fourth quarter of 2022, the second-worst contraction on record as the country’s ongoing economic crisis worsened. The Sri Lankan economy grappled with soaring inflation, depleted reserves of strong currencies, shortages of energy and fertilizers, and a debt crisis that worsened after the government defaulted on debt in the second quarter. The economic downturn mainly pressured the industrial sector of the economy, plunging 30.1% in the fourth quarter, while services fell by 3.9%. Considering the full year, the Sri Lankan GDP sank by 7.8%, the most on record.

Full Year GDP Growth in Sri Lanka averaged 1.78 percent from 2014 until 2022, reaching an all time high of 5.00 percent in 2015 and a record low of -7.80 percent in 2022. This page includes a chart with historical data for Sri Lanka Full Year Gdp Growth. Sri Lanka Full Year Gdp Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Sri Lanka Full Year Gdp Growth