Gross domestic product (GDP), annual growth rate in Sri Lanka
Sri Lanka: Gross domestic product (GDP), annual growth rate was -3.16 % change on previous year in 2023. ◆ Volatile
Latest (2023)
-3.16 % change on previous year
Change on year
up 51.5%
World rank
166th
of 184 countries
All-time high
12.8 % change on previous year
in 2011
All-time low
-11.29 % change on previous year
in 2020
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Sri Lanka, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Sri Lanka stood at -3.16 % change on previous year.
Compared with earlier readings it is up 51.5% on the previous year and down 186.1% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Sri Lanka peaked at 12.8 % change on previous year in 2011 and was at its lowest, -11.29 % change on previous year, in 2020.
That places Sri Lanka 166th out of 184 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Sri Lanka, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 8.46 % change on previous year | — |
| 1952 | -4.3 % change on previous year | -150.9% |
| 1953 | 2.08 % change on previous year | -148.4% |
| 1954 | 6.9 % change on previous year | +231.1% |
| 1955 | 8.23 % change on previous year | +19.3% |
| 1956 | -6.79 % change on previous year | -182.5% |
| 1957 | 4.17 % change on previous year | -161.5% |
| 1958 | 4.77 % change on previous year | +14.4% |
| 1959 | 5.25 % change on previous year | +10.0% |
| 1960 | 6.36 % change on previous year | +21.1% |
| 1961 | -0.98 % change on previous year | -115.4% |
| 1962 | 7.04 % change on previous year | -818.6% |
| 1963 | -3.41 % change on previous year | -148.4% |
| 1964 | 6.18 % change on previous year | -281.4% |
| 1965 | -0.8246 % change on previous year | -113.3% |
| 1966 | 8.44 % change on previous year | -1124.0% |
| 1967 | 0.9334 % change on previous year | -88.9% |
| 1968 | 8.78 % change on previous year | +840.2% |
| 1969 | 6.84 % change on previous year | -22.0% |
| 1970 | 3.22 % change on previous year | -53.0% |
| 1971 | -0.3436 % change on previous year | -110.7% |
| 1972 | 3.03 % change on previous year | -980.8% |
| 1973 | 6.2 % change on previous year | +105.0% |
| 1974 | 5.47 % change on previous year | -11.8% |
| 1975 | -2.66 % change on previous year | -148.6% |
| 1976 | -7.22 % change on previous year | +171.5% |
| 1977 | -2.81 % change on previous year | -61.0% |
| 1978 | 0.2169 % change on previous year | -107.7% |
| 1979 | -8.13 % change on previous year | -3850.4% |
| 1980 | 0.3091 % change on previous year | -103.8% |
| 1981 | 7.6 % change on previous year | +2359.9% |
| 1982 | -0.9662 % change on previous year | -112.7% |
| 1983 | 1.69 % change on previous year | -274.9% |
| 1984 | 2.45 % change on previous year | +45.0% |
| 1985 | 7.67 % change on previous year | +213.0% |
| 1986 | 7.89 % change on previous year | +2.9% |
| 1987 | 4.81 % change on previous year | -39.0% |
| 1988 | 2.57 % change on previous year | -46.5% |
| 1989 | 4.07 % change on previous year | +58.3% |
| 1990 | 3.97 % change on previous year | -2.5% |
| 1991 | 2.35 % change on previous year | -40.9% |
| 1992 | 7.8 % change on previous year | +232.7% |
| 1993 | 8.39 % change on previous year | +7.4% |
| 1994 | 7.81 % change on previous year | -6.9% |
| 1995 | 2.42 % change on previous year | -69.1% |
| 1996 | 5.21 % change on previous year | +115.6% |
| 1997 | 4.62 % change on previous year | -11.3% |
| 1998 | 7.88 % change on previous year | +70.6% |
| 1999 | 0.175 % change on previous year | -97.8% |
| 2000 | 1.5 % change on previous year | +755.3% |
| 2001 | 0.1443 % change on previous year | -90.4% |
| 2002 | 6.88 % change on previous year | +4669.8% |
| 2003 | 8.43 % change on previous year | +22.5% |
| 2004 | 3.82 % change on previous year | -54.7% |
| 2005 | 2.88 % change on previous year | -24.7% |
| 2006 | 11.9 % change on previous year | +313.5% |
| 2007 | 10.53 % change on previous year | -11.5% |
| 2008 | 8.84 % change on previous year | -16.1% |
| 2009 | 12.32 % change on previous year | +39.3% |
| 2010 | 11.48 % change on previous year | -6.8% |
| 2011 | 12.8 % change on previous year | +11.5% |
| 2012 | 9.63 % change on previous year | -24.8% |
| 2013 | 3.67 % change on previous year | -61.9% |
| 2014 | 2.62 % change on previous year | -28.7% |
| 2015 | 5.46 % change on previous year | +108.5% |
| 2016 | 6.48 % change on previous year | +18.7% |
| 2017 | 4.06 % change on previous year | -37.3% |
| 2018 | 3.49 % change on previous year | -14.1% |
| 2019 | -0.6563 % change on previous year | -118.8% |
| 2020 | -11.29 % change on previous year | +1620.2% |
| 2021 | 9.03 % change on previous year | -180.0% |
| 2022 | -6.52 % change on previous year | -172.2% |
| 2023 | -3.16 % change on previous year | -51.5% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Sri Lanka changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +4669.8% | 0.1443 % change on previous year | 6.88 % change on previous year |
| 1979 | -3850.4% | 0.2169 % change on previous year | -8.13 % change on previous year |
| 1981 | +2359.9% | 0.3091 % change on previous year | 7.6 % change on previous year |
| 2020 | -1620.2% | -0.6563 % change on previous year | -11.29 % change on previous year |
| 1966 | +1124.0% | -0.8246 % change on previous year | 8.44 % change on previous year |
| 1972 | +980.8% | -0.3436 % change on previous year | 3.03 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.2 % change on previous year | -6.79 % change on previous year | 8.46 % change on previous year | 9 |
| 1960s | 3.94 % change on previous year | -3.41 % change on previous year | 8.78 % change on previous year | 10 |
| 1970s | -0.3039 % change on previous year | -8.13 % change on previous year | 6.2 % change on previous year | 10 |
| 1980s | 3.81 % change on previous year | -0.9662 % change on previous year | 7.89 % change on previous year | 10 |
| 1990s | 5.06 % change on previous year | 0.175 % change on previous year | 8.39 % change on previous year | 10 |
| 2000s | 6.72 % change on previous year | 0.1443 % change on previous year | 12.32 % change on previous year | 10 |
| 2010s | 5.9 % change on previous year | -0.6563 % change on previous year | 12.8 % change on previous year | 10 |
| 2020s | -2.98 % change on previous year | -11.29 % change on previous year | 9.03 % change on previous year | 4 |
Countries ranked near Sri Lanka
- 163 Haiti -2.41 % change on previous year compare
- 164 Gabon -2.46 % change on previous year compare
- 165 Equatorial Guinea -2.97 % change on previous year compare
- 167 Cambodia -3.25 % change on previous year compare
- 168 Saudi Arabia -3.72 % change on previous year compare
- 169 Singapore -3.85 % change on previous year compare
More economy & growth data for Sri Lanka
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -8.07 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -7.82 Percent per annum (2022)
- Foreign direct investment, net outflows (BoP, current US$), gaps 110.33 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0011 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 761.14 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 34.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 38.34 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Sri Lanka?
- Gross domestic product (gdp), annual growth rate in Sri Lanka was -3.16 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Sri Lanka?
- The highest recorded value was 12.8 % change on previous year in 2011.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Sri Lanka?
- The lowest recorded value was -11.29 % change on previous year in 2020.
- How does Sri Lanka rank for gross domestic product (gdp), annual growth rate?
- Sri Lanka ranks 166th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Sri Lanka?
- Over the last ten years it is down 186.1%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.