GDP in Sri Lanka

Sri Lanka GDP | Economic News & Forecasts

Sri Lanka - GDP

The economy accelerated in the third quarter thanks to stronger domestic demand. Fixed investment significantly rebounded and private consumption growth hit a two-year high—likely tied to the Central Bank’s 100-basis point rate cut over the January–August period. However, government consumption growth tapered, while exports contracted. In the fourth quarter, the economy was likely more or less stable: The decline in tourist arrivals continued to soften through to December, while the services PMI increased notably over the same period. That said, worker remittances remained depressed in October–November and industrial production eased during the same time frame relative to Q3. Meanwhile, on the political front, the government approved a comprehensive tax package in November. Although it should stoke domestic demand this year, S&P and Fitch credit ratings agencies consequently lowered their outlooks from stable to negative.

Sri Lanka - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)5.0  5.0  4.5  3.4  3.2  

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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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