The economy of Sri Lanka advanced 1.8 percent year-on-year in the fourth quarter of 2018, slowing from an upwardly revised 3.5 percent expansion the prior period. It was the weakest growth rate since the first quarter of 2014, as the industrial sector shrank (-3.6% vs 3.1% in Q3) namely construction (-10.1% vs 4.9%), machinery & equipment (-1.9% vs 1.1%), mining & quarrying (-14.9% vs -1.1%), production of paper, printing and reproduction of media (-11.7% vs -5.1%), and chemicals & pharmaceutical products (-9.4% vs -2.7%). Meantime, services activities grew 4.3 percent, the same pace as in the previous quarter, mostly driven by transportation (3.3% vs 1.3%), financial services (12.6% vs 11.5%), insurance (22.4% vs 5.1%) and education (5% vs 1.3%). Also, agriculture, forestry & fishing increased 4.5 percent, higher than a 4 percent expansion in the third quarter. Considering full 2018, the economy grew 3.2 percent, easing from a 3.4 percent expansion in 2017. GDP Annual Growth Rate in Sri Lanka averaged 5.71 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.

GDP Annual Growth Rate in Sri Lanka is expected to be 2.00 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 3.50 in 12 months time. In the long-term, the Sri Lanka GDP Annual Growth Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Sri Lanka GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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%
2018-12-18 10:45 AM GDP Growth Rate YoY 2.9% 3.6% 3.8%
2019-03-19 11:00 AM GDP Growth Rate YoY 1.8% 3.5% 2%
2019-06-18 10:50 AM GDP Growth Rate YoY 1.8% 2.7%
2019-09-18 10:30 AM GDP Growth Rate YoY 2%
2019-12-14 11:00 AM GDP Growth Rate YoY 2.9%


Sri Lanka GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 3.70 16.10 0.50 percent [+]
GDP Annual Growth Rate 1.80 3.50 16.12 0.50 percent [+]
GDP 87.17 81.79 87.17 1.41 USD Billion [+]
GDP Constant Prices 2680362.00 2441796.00 2680362.00 1414948.00 LKR Million [+]
Gross National Product 14047307.00 13060619.00 14047307.00 4115.00 LKR Million [+]
Gross Fixed Capital Formation 3707078.50 3502123.90 3707078.50 357.00 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 186854.00 170058.00 186854.00 124301.00 LKR Million [+]
GDP From Construction 171094.00 159400.00 190372.00 77176.00 LKR Million [+]
GDP From Manufacturing 348130.00 389558.00 442318.00 270409.00 LKR Million [+]
GDP From Mining 57191.00 53187.00 67204.00 29585.00 LKR Million [+]
GDP From Public Administration 123450.00 107741.00 130706.00 82170.00 LKR Million [+]
GDP From Services 1469899.00 1421764.00 1469899.00 793066.00 LKR Million [+]
GDP From Transport 320545.00 278950.00 320545.00 135720.00 LKR Million [+]
GDP From Utilities 24452.00 25287.00 25287.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 3.50 16.12 0.50 2003 - 2018 percent Quarterly
Constant Prices 2010




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Mexico 1.30 Mar/19
Singapore 1.30 Mar/19
Euro Area 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Japan 0.30 Dec/18
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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