Gross Domestic Product … Standard Local Currency annual growth rate in Sri Lanka
Sri Lanka: Gross Domestic Product … Standard Local Currency annual growth rate was 5.01 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Sri Lanka, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Sri Lanka is 5.01 % change on previous year, measured in 2024.
Compared with earlier readings it is up 318.0% on the previous year and down 21.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Sri Lanka peaked at 8.73 % change on previous year in 2010 and was at its lowest, -7.35 % change on previous year, in 2022.
That places Sri Lanka 40th out of 223 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product … Standard Local Currency annual growth rate in Sri Lanka, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 0.5193 % change on previous year | — |
| 1972 | 3.17 % change on previous year | +510.5% |
| 1973 | 3.53 % change on previous year | +11.3% |
| 1974 | 3.95 % change on previous year | +12.0% |
| 1975 | 3.39 % change on previous year | -14.1% |
| 1976 | 3.79 % change on previous year | +11.6% |
| 1977 | 4.1 % change on previous year | +8.4% |
| 1978 | 8.67 % change on previous year | +111.1% |
| 1979 | 6.07 % change on previous year | -30.0% |
| 1980 | 6.16 % change on previous year | +1.5% |
| 1981 | 5.55 % change on previous year | -9.9% |
| 1982 | 5.19 % change on previous year | -6.5% |
| 1983 | 4.75 % change on previous year | -8.3% |
| 1984 | 5.05 % change on previous year | +6.3% |
| 1985 | 5.02 % change on previous year | -0.7% |
| 1986 | 4.27 % change on previous year | -14.8% |
| 1987 | 1.62 % change on previous year | -62.1% |
| 1988 | 2.78 % change on previous year | +71.4% |
| 1989 | 1.97 % change on previous year | -29.0% |
| 1990 | 6.24 % change on previous year | +216.0% |
| 1991 | 4.82 % change on previous year | -22.7% |
| 1992 | 4.38 % change on previous year | -9.2% |
| 1993 | 6.92 % change on previous year | +57.9% |
| 1994 | 5.65 % change on previous year | -18.3% |
| 1995 | 5.53 % change on previous year | -2.1% |
| 1996 | 3.76 % change on previous year | -32.1% |
| 1997 | 6.44 % change on previous year | +71.5% |
| 1998 | 4.75 % change on previous year | -26.3% |
| 1999 | 4.27 % change on previous year | -10.0% |
| 2000 | 5.98 % change on previous year | +39.9% |
| 2001 | -1.37 % change on previous year | -122.9% |
| 2002 | 4.02 % change on previous year | -393.6% |
| 2003 | 5.94 % change on previous year | +47.8% |
| 2004 | 5.45 % change on previous year | -8.3% |
| 2005 | 6.24 % change on previous year | +14.6% |
| 2006 | 8.38 % change on previous year | +34.3% |
| 2007 | 7.51 % change on previous year | -10.5% |
| 2008 | 6.65 % change on previous year | -11.4% |
| 2009 | 4.23 % change on previous year | -36.5% |
| 2010 | 8.73 % change on previous year | +106.6% |
| 2011 | 8.67 % change on previous year | -0.7% |
| 2012 | 8.63 % change on previous year | -0.4% |
| 2013 | 4.05 % change on previous year | -53.1% |
| 2014 | 6.38 % change on previous year | +57.4% |
| 2015 | 4.21 % change on previous year | -34.0% |
| 2016 | 5.05 % change on previous year | +20.1% |
| 2017 | 6.46 % change on previous year | +27.9% |
| 2018 | 2.31 % change on previous year | -64.2% |
| 2019 | -0.2206 % change on previous year | -109.5% |
| 2020 | -4.62 % change on previous year | +1996.1% |
| 2021 | 4.21 % change on previous year | -191.0% |
| 2022 | -7.35 % change on previous year | -274.6% |
| 2023 | -2.3 % change on previous year | -68.7% |
| 2024 | 5.01 % change on previous year | -318.0% |
Sri Lanka compared with similar countries
- Sri Lanka's 5.01 % change on previous year is above the median for upper middle income countries, which is 3.3 % change on previous year, 1.5× the median. (54 countries reporting)
- Sri Lanka's 5.01 % change on previous year is above the median for South Asia, which is 4.62 % change on previous year, 1.1× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product … Standard Local Currency 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 |
|---|---|---|---|
| 2020 | -1996.1% | -0.2206 % change on previous year | -4.62 % change on previous year |
| 1972 | +510.5% | 0.5193 % change on previous year | 3.17 % change on previous year |
| 2002 | +393.6% | -1.37 % change on previous year | 4.02 % change on previous year |
| 2024 | +318.0% | -2.3 % change on previous year | 5.01 % change on previous year |
| 2022 | -274.6% | 4.21 % change on previous year | -7.35 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.13 % change on previous year | 0.5193 % change on previous year | 8.67 % change on previous year | 9 |
| 1980s | 4.24 % change on previous year | 1.62 % change on previous year | 6.16 % change on previous year | 10 |
| 1990s | 5.28 % change on previous year | 3.76 % change on previous year | 6.92 % change on previous year | 10 |
| 2000s | 5.3 % change on previous year | -1.37 % change on previous year | 8.38 % change on previous year | 10 |
| 2010s | 5.43 % change on previous year | -0.2206 % change on previous year | 8.73 % change on previous year | 10 |
| 2020s | -1.01 % change on previous year | -7.35 % change on previous year | 5.01 % change on previous year | 5 |
Countries ranked near Sri Lanka
- 37 Maldives 5.13 % change on previous year compare
- 38 Malaysia 5.11 % change on previous year compare
- 39 Indonesia 5.03 % change on previous year compare
- 41 Mali 5 % change on previous year compare
- 42 Burkina Faso 4.99 % change on previous year compare
- 43 Dominican Republic 4.95 % change on previous year compare
More economy & growth data for Sri Lanka
- Real gdp growth, annual growth rate 314.98 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -66.71 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.0483 units per person (2025)
- SDRs holdings, SDR, annual growth rate -68.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.0353 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 33.41 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Sri Lanka?
- Gross domestic product — value standard local currency, 2015 prices in Sri Lanka was 5.01 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Sri Lanka?
- The highest recorded value was 8.73 % change on previous year in 2010.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Sri Lanka?
- The lowest recorded value was -7.35 % change on previous year in 2022.
- How does Sri Lanka rank for gross domestic product — value standard local currency, 2015 prices?
- Sri Lanka ranks 40th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices 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 Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.