The economy of Sri Lanka grew by 1.6 percent year-on-year in the second quarter of 2019, easing from a 3.7 percent expansion in the previous three-month period. That was the weakest growth rate since the first quarter of 2014 due to a slowdown in overall activity following the Easter Sunday attacks. Wholesale and retail trade, transportation and storage, accommodation and food service activities, which account for nearly 25 percent of total GDP, shrank 0.6 percent, after a 3.3 percent advance in Q1. In addition, output rose at a softer pace for: manufacturing, mining and quarrying and other industry (1 percent vs 1.8 percent); financial and insurance activities (8 percent vs 9.6 percent); public administration, defense, education, human health and social work activities (0.6 percent vs 2.1 percent); other services (1.5 percent vs 4.6 percent); and agriculture, forestry & fishing (1 percent vs 5.5 percent). GDP Annual Growth Rate in Sri Lanka averaged 5.65 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 2.50 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 3.10 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
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-18 10:45 AM GDP Growth Rate YoY Q3 2.9% 3.6% 3.8%
2019-03-19 11:00 AM GDP Growth Rate YoY Q4 1.8% 3.5% 2%
2019-06-18 11:45 AM GDP Growth Rate YoY Q1 3.5% 1.8% 2.7%
2019-09-18 12:00 PM GDP Growth Rate YoY Q2 1.6% 3.5% 2%
2019-12-14 11:00 AM GDP Growth Rate YoY Q3 1.6% 2.5%


Sri Lanka GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 3.70 16.10 0.50 percent [+]
GDP Annual Growth Rate 1.60 3.70 16.12 0.50 percent [+]
GDP 88.90 88.02 88.90 1.24 USD Billion [+]
GDP Constant Prices 2315995.00 2326273.00 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 163752.00 162364.00 186854.00 124301.00 LKR Million [+]
GDP From Construction 166688.00 177851.00 190372.00 77176.00 LKR Million [+]
GDP From Manufacturing 313145.00 447545.00 447545.00 270409.00 LKR Million [+]
GDP From Mining 55454.00 62670.00 67204.00 29585.00 LKR Million [+]
GDP From Public Administration 102798.00 97321.00 130706.00 82170.00 LKR Million [+]
GDP From Services 1408279.00 1335470.00 1469899.00 793066.00 LKR Million [+]
GDP From Transport 211106.00 232601.00 320545.00 135720.00 LKR Million [+]
GDP From Utilities 25765.00 25028.00 25765.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 3.70 16.12 0.50 2003 - 2019 percent Quarterly
Constant Prices 2010




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
South Korea 2.00 Jun/19
Spain 2.00 Jun/19
Netherlands 1.80 Jun/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
United Kingdom 1.30 Jun/19
Euro Area 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Saudi Arabia 0.50 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Sep/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


Related

Latest