Sri Lanka GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

-12.4

Units In

-11.8

Frequency

Quarterly

Next Release

Dec 17, 2025

Time to Release

2 Months 29 Days 2 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 4.9% year-on-year in the second quarter of 2025, edging higher from 4.8% in the previous quarter, marking the eighth consecutive quarter of positive growth and highlighting a gradual recovery from the country’s worst financial crisis in decades. The modest acceleration was supported by a 3.9% increase in services output (vs. 2.8% in Q1 2025), driven by most sub-sectors, particularly IT programming and consultancy (+18.7%), financial services (+12.3%), and postal and courier services (+11.6%). Agricultural activity rose 2.0% (vs. -0.7% in Q1), led by gains in animal production (+13.9%), cereal cultivation (+12.4%), plant propagation (+9.5%), and forestry and logging (+9.5%). Meanwhile, the industrial sector expanded 5.8% (vs. 9.7% in Q1), supported by construction (+8.5%), mining and quarrying (+16.6%), and manufacturing (+3.7%).