Sri Lanka GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

-12.4

Units In

-11.8

Frequency

Quarterly

Next Release

Sep 12, 2025

Time to Release

2 Months 25 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
16.12 Mar 2012	-16.4 Jun 2020	4.27 %	2003-2022	Department of Census and Statistics - Sri Lanka

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.

Latest Updates

Sri Lanka’s economy expanded by 4.8% year-on-year in the first quarter of 2025, easing from a 5.4% growth rate in the previous quarter. While the industrial sector lost some momentum, it remained a key driver of growth, rising 9.7% compared to 13.1% in Q4 2024. Strong performances in manufacturing, mining, and construction underpinned the sector’s resilience. Agricultural activity continued to contract, though at a slower pace (-0.7% vs -2.2% in Q4). Meanwhile, growth in the services sector accelerated modestly to 2.8%, up from 2.5%, driven by robust gains in insurance, financial services, hospitality, IT consulting, and logistics—including postal and courier services.