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Sri Lanka GDP Annual Growth Rate

Sri Lanka's GDP annual growth rate rose to 5.01% in 2024, up from -2.33% in 2023, according to World Bank. This represents an increase of 7.34% from the previous year. Sri Lanka has GDP annual growth rate higher than the global median (5.01% vs median 3.24%). Compared with the median in Asia, Sri Lanka is higher (5.01% vs regional median 3.76%) and ranks 14th out of 47 countries in Asia.

Sri Lanka's real GDP rose to $91.75 billion in 2024, up from $87.37 billion in 2023.

Yearly Historical Data (1962-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 5.01%
2023 -2.33%
2022 -7.35%
2021 4.21%
2020 -4.62%
2019 -0.22%
2018 2.31%
2017 6.46%
2016 5.05%
2015 4.21%
2014 6.38%
2013 4.05%
2012 8.63%
2011 8.67%
2010 8.02%
2009 3.54%
2008 5.95%
2007 6.8%
2006 7.67%
2005 6.24%
2004 5.45%
2003 5.94%
2002 3.96%
2001 -1.55%
2000 6%
1999 4.3%
1998 4.7%
1997 6.41%
1996 3.8%
1995 5.5%
1994 5.6%
1993 6.9%
1992 4.4%
1991 4.6%
1990 6.4%
1989 2.3%
1988 2.47%
1987 1.73%
1986 4.36%
1985 5%
1984 5.1%
1983 4.81%
1982 4.14%
1981 5.7%
1980 5.85%
1979 6.4%
1978 5.65%
1977 5.1%
1976 3.34%
1975 6.13%
1974 3.85%
1973 7.06%
1972 -0.41%
1971 1.31%
1970 3.85%
1969 7.72%
1968 5.8%
1967 6.44%
1966 5.02%
1965 2.54%
1964 3.91%
1963 2.52%
1962 3.82%
Sri Lanka GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Sri Lanka's total economic output.
Indicator Last Value Prior Value Period
GDP $98.96B $83.72B 2024
GDP Growth Rate (YoY) 4.9% 4.8% Jun'25
GDP per Capita $4,186.5 $3,964.92 2024
GDP per Capita PPP $13,752.84 $13,024.94 2024
R&D Expenditure (% GDP) 0.11% 0.12% 2022
Real GDP $91.75B $87.37B 2024