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.

Sri Lanka GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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 [+]


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 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




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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