GDP in Sri Lanka

Sri Lanka GDP | Economic News & Forecasts

Sri Lanka - GDP

The economy gained steam in Q2, growing 12.3% in annual terms after expanding 4.3% in Q1, although this was mainly owing to a favorable base effect. Among notable subsector movements, construction and textile manufacturing posted solid growth. Meanwhile, Q3 seemingly got off to a strong start as eased restrictions in early July benefited activity, which was reflected in both PMI readings for the month. However, the lockdown imposed in late August, and now extended until 1 October, has jeopardized this quarter’s performance, with both PMIs falling back into contractionary territory in August. In other news, S&P Global Ratings recently affirmed the country’s CCC+/C rating, but revised the outlook from stable to negative. The move came as the country faces a dire external debt position, amid harsh financing conditions in international capital markets and low reserves.

Sri Lanka - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)5.0  4.5  3.6  3.3  2.3  

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Sri Lanka GDP Chart


Sri Lanka GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Sri Lanka (CBS)

Sri Lanka Facts

Value Change Date
Exchange Rate181.20.02 %Jan 01

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