Gross domestic product (GDP), Constant prices, Percent change in Sri Lanka
Sri Lanka: Gross domestic product (GDP), Constant prices, Percent change was 5.01 in 2024. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Sri Lanka, 1990–2024
Source: International Monetary Fund.
Analysis
In 2024, gross domestic product (gdp), constant prices, percent change in Sri Lanka stood at 5.01.
The figure is up 315.0% on the previous year and down 21.5% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Sri Lanka peaked at 12.16 in 1996 and was at its lowest, -7.35, in 2022.
Sri Lanka ranks 10th of 37 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent change in Sri Lanka, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 6.17 | — |
| 1991 | 10.82 | +75.3% |
| 1992 | -3.13 | -129.0% |
| 1993 | 7.48 | -338.5% |
| 1994 | 8.04 | +7.5% |
| 1995 | 6.05 | -24.7% |
| 1996 | 12.16 | +101.0% |
| 1997 | 10.29 | -15.4% |
| 1998 | -1.65 | -116.0% |
| 1999 | 2.88 | -274.9% |
| 2000 | 8.42 | +192.4% |
| 2001 | -1.95 | -123.1% |
| 2002 | 3.73 | -291.3% |
| 2003 | 5.94 | +59.4% |
| 2004 | 5.45 | -8.3% |
| 2005 | 6.24 | +14.6% |
| 2006 | 7.67 | +22.9% |
| 2007 | 6.8 | -11.4% |
| 2008 | 5.95 | -12.5% |
| 2009 | 3.54 | -40.5% |
| 2010 | 8.02 | +126.5% |
| 2011 | 8.67 | +8.2% |
| 2012 | 8.63 | -0.4% |
| 2013 | 4.05 | -53.1% |
| 2014 | 6.38 | +57.4% |
| 2015 | 4.21 | -34.1% |
| 2016 | 5.05 | +20.2% |
| 2017 | 6.46 | +27.8% |
| 2018 | 2.31 | -64.2% |
| 2019 | -0.2205 | -109.5% |
| 2020 | -4.62 | +1997.5% |
| 2021 | 4.21 | -191.0% |
| 2022 | -7.35 | -274.7% |
| 2023 | -2.33 | -68.3% |
| 2024 | 5.01 | -315.0% |
Sri Lanka compared with similar countries
- Sri Lanka's 5.01 is above the median for upper middle income countries, which is 3.38, 1.5× the median. (15 countries reporting)
- Sri Lanka's 5.01 is below the median for South Asia, which is 5.3, 95% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Percent change 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 |
|---|---|---|---|
| 2020 | -1997.5% | -0.2205 | -4.62 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.91 | -3.13 | 12.16 | 10 |
| 2000s | 5.18 | -1.95 | 8.42 | 10 |
| 2010s | 5.36 | -0.2205 | 8.67 | 10 |
| 2020s | -1.02 | -7.35 | 5.01 | 5 |
Countries ranked near Sri Lanka
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), constant prices, percent change in Sri Lanka?
- Gross domestic product (gdp), constant prices, percent change in Sri Lanka was 5.01 in 2024, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Sri Lanka?
- The highest recorded value was 12.16 in 1996.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Sri Lanka?
- The lowest recorded value was -7.35 in 2022.
- How does Sri Lanka rank for gross domestic product (gdp), constant prices, percent change?
- Sri Lanka ranks 10th out of 37 countries with data for 2024.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Sri Lanka?
- Over the last ten years it is down 21.5%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change, Domestic currency (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
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About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.