The economy of Sri Lanka expanded 2 percent year-on-year in the last three months of 2019, below a downwardly revised 2.4 percent growth in the previous period. Production in agriculture, forestry and fishing fell 4.1 percent (+1 percent in Q3) and industrial activity slowed (1.4 percent vs 3.5 percent) while the services sector rose 2.7 percent, faster than 2.1 percent in Q3. Considering full 2019, the economy advanced 2.3 percent, well below 3.3 percent in 2018.
GDP Annual Growth Rate in Sri Lanka averaged 5.55 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Department of Census and Statistics - Sri Lanka
GDP Annual Growth Rate in Sri Lanka is expected to be 0.50 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 5.50 in 12 months time. In the long-term, the Sri Lanka GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.