Machinery and transport equipment in Sri Lanka
Sri Lanka: Machinery and transport equipment was 2.0% in 2022. ◆ Volatile
Machinery and transport equipment in Sri Lanka, 1966–2022
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
In 2022, machinery and transport equipment in Sri Lanka stood at 2.0%.
Compared with earlier readings it is down 11.2% on the previous year and down 5.2% over ten years.
Over the whole period, machinery and transport equipment in Sri Lanka peaked at 8.5% in 1968 and was at its lowest, 0.4%, in 2006.
Sri Lanka ranks 114th of 149 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Machinery and transport equipment in Sri Lanka, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1966 | 8.0% | — |
| 1967 | 7.1% | -10.8% |
| 1968 | 8.5% | +18.7% |
| 1969 | 7.8% | -7.8% |
| 1970 | 6.7% | -14.7% |
| 1971 | 5.9% | -12.2% |
| 1972 | 4.8% | -18.6% |
| 1973 | 5.0% | +4.2% |
| 1974 | 4.6% | -7.8% |
| 1979 | 4.8% | +4.7% |
| 1980 | 2.5% | -48.6% |
| 1981 | 2.2% | -10.6% |
| 1982 | 1.3% | -42.7% |
| 1983 | 1.6% | +24.5% |
| 1987 | 0.7% | -54.0% |
| 1988 | 1.3% | +74.7% |
| 1989 | 2.5% | +102.1% |
| 1990 | 3.3% | +29.0% |
| 1991 | 2.9% | -11.6% |
| 1992 | 3.2% | +10.6% |
| 1993 | 2.7% | -15.6% |
| 1994 | 2.7% | -1.7% |
| 1995 | 3.0% | +12.7% |
| 1996 | 2.7% | -9.5% |
| 1997 | 4.1% | +48.8% |
| 1998 | 3.8% | -6.7% |
| 1999 | 6.6% | +75.6% |
| 2000 | 4.0% | -39.6% |
| 2001 | 3.0% | -25.6% |
| 2006 | 0.4% | -87.4% |
| 2007 | 2.4% | +550.4% |
| 2008 | 7.2% | +195.4% |
| 2009 | 2.2% | -69.0% |
| 2010 | 2.3% | +0.5% |
| 2011 | 2.2% | -1.1% |
| 2012 | 2.1% | -4.9% |
| 2013 | 1.9% | -12.1% |
| 2014 | 1.9% | +4.5% |
| 2015 | 1.3% | -33.3% |
| 2016 | 1.4% | +6.9% |
| 2017 | 1.4% | +0.8% |
| 2018 | 1.3% | -4.5% |
| 2019 | 1.5% | +12.4% |
| 2020 | 2.0% | +33.8% |
| 2021 | 2.3% | +12.5% |
| 2022 | 2.0% | -11.2% |
Sri Lanka compared with similar countries
- Sri Lanka's 2.0% is below the median for upper middle income countries, which is 6.8%, 29% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Machinery and transport equipment 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 |
|---|---|---|---|
| 2007 | +550.4% | 0.4% | 2.4% |
| 2008 | +195.4% | 2.4% | 7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.9% | 7.1% | 8.5% | 4 |
| 1970s | 5.3% | 4.6% | 6.7% | 6 |
| 1980s | 1.7% | 0.7% | 2.5% | 7 |
| 1990s | 3.5% | 2.7% | 6.6% | 10 |
| 2000s | 3.2% | 0.4% | 7.2% | 6 |
| 2010s | 1.7% | 1.3% | 2.3% | 10 |
| 2020s | 2.1% | 2.0% | 2.3% | 3 |
Countries ranked near Sri Lanka
- 111 Palestine, State of 2.1% compare
- 112 Fiji 2.1% compare
- 113 Senegal 2.1% compare
- 115 Mali 2.0% compare
- 116 Central African Republic 1.9% compare
- 117 El Salvador 1.9% 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 machinery and transport equipment in Sri Lanka?
- Machinery and transport equipment in Sri Lanka was 2.0% in 2022, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Sri Lanka?
- The highest recorded value was 8.5% in 1968.
- What is the lowest machinery and transport equipment recorded in Sri Lanka?
- The lowest recorded value was 0.4% in 2006.
- How does Sri Lanka rank for machinery and transport equipment?
- Sri Lanka ranks 114th out of 149 countries with data for 2022.
- Is machinery and transport equipment rising or falling in Sri Lanka?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).