ICT service exports in Sri Lanka
Sri Lanka: ICT service exports was 14.1% in 2024. ◆ Volatile
ICT service exports in Sri Lanka, 2000–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2024, ict service exports in Sri Lanka stood at 14.1%.
Compared with earlier readings it is down 16.9% on the previous year and up 5.4% over ten years.
Over the whole period, ict service exports in Sri Lanka peaked at 48.5% in 2021 and was at its lowest, 4.8%, in 2000.
That places Sri Lanka 41st out of 189 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.
ICT service exports in Sri Lanka, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2000 | 4.8% | — |
| 2001 | 7.8% | +62.0% |
| 2002 | 9.4% | +19.9% |
| 2003 | 8.4% | -10.9% |
| 2004 | 7.5% | -10.0% |
| 2005 | 8.2% | +9.1% |
| 2006 | 10.2% | +24.5% |
| 2007 | 13.9% | +36.4% |
| 2008 | 15.5% | +11.3% |
| 2009 | 17.2% | +10.7% |
| 2010 | 14.1% | -18.0% |
| 2011 | 14.3% | +1.4% |
| 2012 | 17.7% | +24.1% |
| 2013 | 15.3% | -13.4% |
| 2014 | 13.3% | -13.0% |
| 2015 | 12.6% | -5.7% |
| 2016 | 12.0% | -4.4% |
| 2017 | 12.0% | -0.3% |
| 2018 | 11.9% | -0.9% |
| 2019 | 14.1% | +18.7% |
| 2020 | 32.8% | +132.4% |
| 2021 | 48.5% | +48.0% |
| 2022 | 35.8% | -26.2% |
| 2023 | 16.9% | -52.8% |
| 2024 | 14.1% | -16.9% |
Sri Lanka compared with similar countries
- Sri Lanka's 14.1% is above the median for upper middle income countries, which is 4.8%, 2.9× the median. (54 countries reporting)
- Sri Lanka's 14.1% is above the median for South Asia, which is 7.9%, 1.8× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.3% | 4.8% | 17.2% | 10 |
| 2010s | 13.7% | 11.9% | 17.7% | 10 |
| 2020s | 29.6% | 14.1% | 48.5% | 5 |
Countries ranked near Sri Lanka
- 38 Costa Rica 14.8% compare
- 39 Canada 14.4% compare
- 40 Burkina Faso 14.2% compare
- 42 Paraguay 13.9% compare
- 43 Brazil 13.7% compare
- 44 Bosnia and Herzegovina 13.3% 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 ict service exports in Sri Lanka?
- Ict service exports in Sri Lanka was 14.1% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Sri Lanka?
- The highest recorded value was 48.5% in 2021.
- What is the lowest ict service exports recorded in Sri Lanka?
- The lowest recorded value was 4.8% in 2000.
- How does Sri Lanka rank for ict service exports?
- Sri Lanka ranks 41st out of 189 countries with data for 2024.
- Is ict service exports rising or falling in Sri Lanka?
- Over the last ten years it is up 5.4%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions).