Sri Lanka GDP Annual Growth Rate

The Sri Lanka economy grew by 3.7% YoY in the second quarter of 2018, up from an upwardly revised 3.5% gain in the preceding period. It was the highest growth rate since Q4 2016, as the output expanded faster for industrial activities (2.3% from 1% in Q1), mostly for manufacturing (+3.2%) – due to higher production of food, beverages & tobacco; textiles & wearing apparels and coke & refined oil products -; construction (+1.4%) and electricity, gas, steam & air supply (+2.3%). Additionally, services sector output advanced 4.8%, compared to 4.4% in Q1 2018, mainly as a result of a solid performance of wholesale & retail trade (+4.9%); accommodation, food & beverage services (+6.4%); telecommunication services (+14.4%); information technology services (+9%) and financial services (+12%). On the other hand, output went up at a softer pace for agriculture (4.5% from 4.8%), as production slowed for tea (7.1%) and rubber (11.9%) and fell for marine fishing (-0.5%). GDP Annual Growth Rate in Sri Lanka averaged 5.82 percent from 2003 until 2018, 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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-03-15	10:55 AM	GDP Growth Rate YoY	1.4%	3.7%	4.40%
2018-06-18	10:50 AM	GDP Growth Rate YoY	3.2%	3.54%	3.6%
2018-09-18	10:30 AM	GDP Growth Rate YoY	3.7%	3.5%	3.4%
2018-12-14	11:00 AM	GDP Growth Rate YoY		3.7%	3.8%

Sri Lanka GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.40	3.70	16.10	0.50	percent	[+]
GDP Annual Growth Rate	3.70	3.50	16.12	0.50	percent	[+]
GDP	87.17	81.79	87.17	1.41	USD Billion	[+]
GDP Constant Prices	2264445.00	2223856.00	2632150.00	1414948.00	LKR Million	[+]
Gross National Product	12928685.00	11506217.00	12928685.00	4115.00	LKR Million	[+]
Gross Fixed Capital Formation	3502123.90	3263242.60	3502123.90	357.00	LKR Million	[+]
GDP per capita	3842.30	3768.70	3842.30	585.90	USD	[+]
GDP per capita PPP	11669.10	11445.50	11669.10	3612.30	USD	[+]
GDP From Agriculture	160674.00	154906.00	178265.00	124301.00	LKR Million	[+]
GDP From Construction	161305.00	164173.00	190375.00	77176.00	LKR Million	[+]
GDP From Manufacturing	312734.00	438531.00	438531.00	270409.00	LKR Million	[+]
GDP From Mining	55848.00	59172.00	68137.00	29585.00	LKR Million	[+]
GDP From Public Administration	100979.00	95951.00	130705.00	82170.00	LKR Million	[+]
GDP From Services	1370120.00	1269230.00	1405361.00	793066.00	LKR Million	[+]
GDP From Transport	197160.00	222731.00	303752.00	135720.00	LKR Million	[+]
GDP From Utilities	24361.00	24972.00	24972.00	16596.00	LKR Million	[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.70	3.50	16.12	0.50	2003 - 2018	percent	Quarterly	Constant Prices 2010

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly