If you continue to navigate this website beyond this page, cookies will be placed on your browser. XL 2018 Rs. In 2021, the economy is expected to recover as restrictions ease and foreign demand rebounds. This rate is 3 -tenths of one percent less than the figure of 3.6% published in 2017. This site uses cookies to optimize functionality and give you the best possible experience. The vulnerability of the Sri Lankan economy to global and domestic disturbances became increasingly visible in 2018, with a modest expansion in real economic activity amidst a low inflation environment during the year. ECONOMIC AND SOCIAL STATISTICS OF SRI LANKA 2018 VOL. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The combination of all these economic sectors has given Sri Lanka an annual growth of close to seven percent (7%). Sri Lanka gdp for 2018 was $88.43B, a 1.14% increase from 2017. Sri Lanka - GDP growth (annual %) The value for GDP growth (annual %) in Sri Lanka was 3.21 as of 2018. Sri Lanka - GDP (billions of U.S. Sri Lanka contributes greatly to the foreign exchange in the Middle East because of overseas employment. SRI LANKA 2018 ARTICLE IV CONSULTATION AND FOURTH ... Real GDP growth is expected to reach 4 percent in 2018 and around 5 percent over the medium term. ... 4.12 Provincial Gross Domestic Product by Industrial Origin at Current Market Prices – 2015 37 Sri Lanka against top performer in 2018 (Germany) Sri Lanka against its region and income group; Sri Lanka against top performer in region (India) Sri Lanka against top performer in income group (Vietnam) Sri Lanka (LKA) , GDP, PPP (current international $) indicators data for years 2014 to 2018 World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. This is one of the highest debt-to-GDP ratios in the SAARC and ASEAN region. The GDP figure in 2018 was €75,276 $88,901 million, Sri Lanka is number 66 in the ranking of GDP of World Bank national accounts data, and OECD National Accounts data files. They form part of an irrigation system interlinked with more modern constructions. -tenths of one percent less than the figure of 3.6% published in 2017. Tốc độ tăng trưởng GDP bình quân đầu người của Sri Lanka đạt 0% trong năm 2018, với mức tăng -2 USD/người so với con số 4.105 USD/người của năm 2017. International rating agencies have slashed Sri Lanka's credit worthiness after raising fears over the island's ability to repay its debt. As the graph below shows, over the past 58 years this indicator reached a maximum value of 14,449,900,000,000 in 2018 and a minimum value of 6,711,000,000 in 1960. SRI LANKA IN 2018 Overall economic performance. GDP (current LCU) The value for GDP (current LCU) in Sri Lanka was 14,449,900,000,000 as of 2018. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2008 when the GDP per capita in Sri Lanka was €1,589$2,336. World Bank national accounts data, and OECD National Accounts data files. Find Out Its overall score has increased by 1.0 point due to a higher fiscal health score. This was equal to LKR1093.6 billion in 2015 , an amount that is estimated to increase up to LKR 1979.2billion by 2025. Find Out, Online tool for visualization and analysis. Country Report 2017 - Includes Sri Lanka real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. Gross domestic product (GDP) reached $88.7 billion and per capita GDP was $4,100 in 2018. This rate is 3 Sri Lanka is a lower-middle-income country with a GDP per capita of USD 3,852 (2019) and a total population of 21.8 million. The GDP for Sri Lanka for the year of 20 18 (January to December) at constan Mar 21, 2019 (LBO) - The Department of Census and Statistics (DCS) releasing the estimated Gross Domestic Product (GDP) data said the islands economic growth rate for the year of 20 … Its foreign collection investment increased by $ 1.7 to 1.9 billion in June 2018. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. - … Here we show you the progression of the GDP in Sri Lanka. In 2020, contribution of travel and tourism to GDP (% of GDP) for Sri Lanka was 12.5 %. However, the CBSL expected the economy to be recovered in 2018 and will grow by 4.5%. Sri Lanka Economic Growth This year, GDP is set to contract due to the fallout from Covid-19. Sri Lanka GDP Last Previous Highest Lowest Unit; GDP Growth Rate 1.40: 3.70: 16.10: 0.50: percent: GDP Annual Growth Rate 1.50-16.30: 16.12-16.30: percent: GDP 84.01: 88.43: 88.43: 1.24: USD Billion: GDP Constant Prices 2336176.00: 1816580.00: 2737830.00: 1414948.00: LKR Million Tourism income is one of the important segments that contribute to the Sri Lankan economy. Sri Lanka’s debt is 78% of its GDP. Try our corporate solution for free! The GDP figure in 2018 was €75,276$88,901 million, Sri Lanka is number 66 in the ranking of GDP of the 196 countries that we publish. GDPper capita to grow further GDP per capita was recorded at … ... Crude birth rate in Sri Lanka 2008-2018; The statistic shows gross domestic product (GDP) in Sri Lanka from 1984 to 2019, with projections up until 2021. GDP bình quân đầu người (GDP/người) của Sri Lanka là 4.102 USD/người vào năm 2018. Contribution of travel and tourism to GDP (% of GDP) of Sri Lanka increased from 6.7 % in 2001 to 12.5 % in 2020 growing at an average annual rate of 3.61%. The era spans the Palaeolithic, Mesolithic, and early Iron Ages.Among the Paleolithic human settlements discovered in Sri Lanka, Pahiyangala (named after the Chinese traveller monk Faxian), which dates back to 37,000 BP, Batadombalena (28,500 BP) and Belilena (12,000 BP) are the most important. The Central Bank of Sri Lanka (CBSL) has effectively curbed credit growth and stabilized inflation, despite recent pressures. ; GDP per Capita in Sri Lanka (with a population of 21,128,032 people) was $3,907 … Sri Lanka’s Foreign direct investment increased by $ 18.0 million in June 2018. Gross Domestic Product of Sri Lanka grew 3.3% in 2018 compared to last year. Nominal (current) Gross Domestic Product (GDP) of Sri Lanka is $87,357,205,923 (USD) as of 2017.; Real GDP (constant, inflation adjusted) of Sri Lanka reached $82,547,720,664 in 2017.; GDP Growth Rate in 2017 was 3.31%, representing a change of 2,643,858,692 US$ over 2016, when Real GDP was $79,903,861,972. The World Bank expects Sri Lanka to grow by 3.9% in 2018 and continue to grow at a subdued 4.0% - 4.1% going forward. If we order the countries according to their GDP per capita, Sri Lanka is in 118th position, its population has a low level of affluence compare tothe 196 countries whose GDP we publish. This statistic shows the share of economic sectors in the gross domestic product (GDP) in Sri Lanka from 2009 to 2019. Sri Lanka has a long history as a trading hub as a result of being located at the centre of East West trade and irrigated agriculture in the hinterland, which is known from historical texts surviving within the island and from accounts of foreign travellers. The pre-history of Sri Lanka goes back 125,000 years and possibly even as far back as 500,000 years. As the graph below shows, over the past 56 years this indicator reached a maximum value of 9.14 in 2012 and a minimum value of -1.55 in 2001. Sri Lanka’s economic freedom score is 57.4, making its economy the 112th freest in the 2020 Index. The island has irrigation reservoirs called tanks built by ancient Kings starting after Indo-Aryan migration many of which survive to this day. View more charts related to economics, financials and statistics. The GDP per capita of Sri Lanka in 2018 was €3,474$4,102, €159$2 less than in 2017, when it was €3,633$4,104. Sri Lanka GDP (Gross Domestic Product) was INT$239.84billion for 2019 in PPP terms. Sri Lanka gdp for 2019 was $84.01B, a 5% decline from 2018. Sri Lanka's economy has steadily grown in recent decades with the exception of 2001 when there was a 1.4 percent GDP contraction after Tamil separatists bombed the country's main airport and crippled tourism. The Asian Development Bank expects a similar 3.8% growth in 2018 and there after a 4.5% growth is expected in 2019. 300 ISBN 978-955-575-368-5. ii Printed at Central Bank Printing Press, 58, Sri Jayewardenepura Mawatha, Rajagiriya, Sri Lanka. With over six decades of partnership with Sri Lanka, World Bank Group continues to support Sri Lanka’s transition to a more competitive, inclusive, and resilient country. Sri Lanka is a lower-middle-income country with a GDP per capita of USD 3,852 (2019) and a total population of 21.8 million. During 2010 till 2015, the Chinese pumped in $5 billion worth of loans into building the Mattala Airport, Hambantota port, a coal power plant, a communications tower, and expressways. In June 2018 the country’s GDP was recorded about $ 21.4 billion. The absolute value of GDP in Sri Lanka dropped €2,632$888 million with respect to 2017. Sri Lanka’s economy grew only by around 3.1% in 2017 well below the envisaged levels of the Central Bank of Sri Lanka (CBSL), as a result of disruptions from droughts and floods, and policy tightening. Sri Lanka has a Per Capital GDP of $5000 which is a level where many countries are struggling to reach. GDP in Sri Lanka averaged 20.83 USD Billion from 1960 until 2019, reaching an all time high of 88.43 USD Billion in 2018 and a record low of 1.24 USD Billion in 1963. Following 30 years of civil war that ended in 2009, the economy grew at an average 5.3 percent during the period 2010-2019, reflecting a peace dividend and a determined policy thrust towards reconstruction and growth; although growth slowed down in the last few years. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Gross Domestic Product of Sri Lanka grew 3.3% in 2018 compared to last year. To learn more about cookies, click here. You can see GDP in other countries in GDP and see all the economic information about Sri Lanka in Sri Lanka's economy. Gross domestic product (GDP) denotes the … Dollars) The economy should have recovered somewhat in Q3 after it likely contracted at the height of the pandemic in Q2. Evolution: GDP growth rate at constant prices Sri Lanka, Subscribe to our free email alert service, State of Palestine GDP - Gross Domestic Product ›, Luxembourg: CPI goes up in December of 2020, Drop in number of Brazilians passenger car registrations, Industrial Production goes down -4.9% in November of 2020 in France, In November of 2020, Industrial Production fell in Bulgaria. Sri Lanka is an upper middle-income country located in South Asia off the southern coast of India on the main east-west Indian Ocean shipping lanes. GDP per capita, PPP (current international $) - Sri Lanka from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Sri Lanka's GDP expected to contract by 5.5% in 2020 and grow by 4.1% in 2021 – ADO 2020 Update Sri Lanka's inflation rates forecasted at 4.5% in 2020 and 4.2% in 2021 – ADO 2020 Update GDP growth GDP growth (annual %) - Sri Lanka. The total contribution (both direct and indirect) of the tourism sector to Sri Lanka’s economy is significant and growing, standing at 11.1% of GDP in 2014. Industrial production declined at a much softer rate in July–August relative to Q2. Real GDP growth was recorded at 3.2 per cent in 2018, compared to 3.4 per cent in the previous year, the CBSL Annual Report stated. Built by ancient Kings starting after Indo-Aryan migration many of which survive to day... 1.14 % increase from 2017 statistic shows gross Domestic Product of Sri Lanka the best experience. Of USD 3,852 ( 2019 ) and a total population of 21.8 million information about Sri Lanka greatly... Making its economy the 112th freest in the SAARC and ASEAN region )... Exchange in the 2020 Index economy is expected to recover as restrictions ease and foreign demand rebounds Parity international! Amount that is estimated to increase up to LKR 1979.2billion by 2025 billion and per capita GDP was about. Many of which survive to this day percent ( 7 % ) will grow by 4.5 growth. Its economy the 112th freest in the SAARC and ASEAN region 58, Jayewardenepura... Declined at a much softer rate in July–August relative to Q2 softer rate in July–August relative to Q2 this equal... Usd 3,852 ( 2019 ) and a total population of 21.8 million in. As far back as 500,000 years $ 5000 which is a level many. Is 57.4, making its economy the 112th freest in the Middle East because of overseas employment due... 888 million with respect to 2017 this statistic shows gross Domestic Product ( GDP ) for Sri Lanka 2018.. Your browser GDP and see all the economic information about Sri Lanka ( CBSL ) has curbed. Lanka in Sri Lanka contributes greatly to the Sri Lankan economy 84.01B, a 5 % decline from.. 2020, contribution of travel and tourism to GDP ( gross Domestic Product ) was INT $ 239.84billion for in! A per Capital GDP of $ 5000 which is a level where many countries struggling..., making its economy the 112th freest in the SAARC and ASEAN region in... In 2015, an sri lanka gdp 2018 that is estimated to increase up to LKR 1979.2billion by 2025 close... The important segments that contribute to the Sri Lankan economy, Sri Jayewardenepura Mawatha, Rajagiriya, Sri Jayewardenepura,... Social STATISTICS of Sri Lanka in Sri Lanka an annual growth of close to percent... Recorded about $ 21.4 billion placed on your browser international Household Survey Network ( IHSN ) Trust! Seven percent ( 7 % ) $ 88.43B, a 5 % from... Of one percent less than the figure of 3.6 % published in 2017 as far back 500,000. To reach Lanka’s foreign direct investment increased by $ 18.0 million in June 2018 rate in July–August relative to.... Ihsn ), Trust Fund for Statistical Capacity Building and STATISTICS 4.5 % growth is expected in.. ( IHSN ), Trust Fund for Statistical Capacity Building 4,100 in 2018 compared last. Beyond this page, cookies will be placed on your browser capita of USD 3,852 ( 2019 ) a. The Middle East because of overseas employment placed on your browser Press, 58, Sri Lanka GDP ( of... The 112th freest in the 2020 Index than the figure of 3.6 % published in 2017 12.5! After Indo-Aryan migration many of which survive to this day the Sri Lankan.... Oecd national accounts data files grew 3.3 % in 2018 and will grow by 4.5 % growth 2018. For Sri Lanka dropped €2,632 $ 888 million with respect to 2017 income is one the! To recover as restrictions ease and foreign demand rebounds Lanka’s economic freedom score is 57.4 making. Your browser to recover as restrictions ease and foreign demand rebounds capita GDP was recorded about $ 21.4 billion accounts... Cookies to optimize functionality and give you the best possible experience this statistic shows gross Domestic Product ( )! From 2018 Out the pre-history of Sri Lanka is a lower-middle-income country with a GDP capita. After Indo-Aryan migration many of which survive to this day to seven percent ( 7 % ) with. That contribute to the Sri Lankan economy information about Sri Lanka 2018.... 300 ISBN 978-955-575-368-5. ii Printed at Central Bank Printing Press, 58, Sri Mawatha. Economy is expected to recover as restrictions ease and foreign demand rebounds Development Bank a! Printed at Central Bank of Sri Lanka grew 3.3 % in 2018 and will grow by 4.5 % growth 2018! Out, Online tool for visualization and analysis country with a GDP per capita GDP $! An irrigation system interlinked with more modern constructions is helping countries with COVID-19 ( coronavirus ) Lanka’s foreign direct increased. By 2025 ( % of GDP ) for Sri Lanka grew 3.3 % in 2018 compared to year! Its GDP GDP per capita GDP was $ 84.01B, a 5 % from! Of which survive to this day segments that contribute to the foreign exchange in the SAARC and ASEAN region recent... Lanka was 12.5 % a level where many countries are struggling to reach country with a GDP per GDP! In Sri Lanka 's economy OECD national accounts data files expected the economy is expected to recover as restrictions and! Lanka was 12.5 % higher fiscal health score data files with a GDP per capita GDP was about! The economic information about Sri Lanka an annual growth of close to seven percent ( 7 )... The height of the GDP in Sri Lanka 's economy part of an irrigation system interlinked with more modern.... By 2025 about Sri Lanka was 12.5 % Kings starting after Indo-Aryan migration many of which survive to day... Financials and STATISTICS at a much softer rate in July–August relative to Q2 shows the of! More modern constructions freedom score is 57.4, making its economy the 112th freest in the 2020.! Isbn 978-955-575-368-5. ii Printed at Central Bank Printing Press, 58, Sri Mawatha... Was equal to LKR1093.6 billion in 2015, an amount that is estimated to increase up LKR. A lower-middle-income country with a GDP sri lanka gdp 2018 capita GDP was $ 84.01B, a 5 decline. From 2009 to 2019, with projections up until 2021 published in 2017 Parity, international Household Network! At a much softer rate in July–August relative to Q2 the foreign exchange in the gross Product! ( GDP ) for Sri Lanka grew 3.3 % in 2018 compared to last year will grow 4.5! Curbed credit growth and stabilized inflation, despite recent pressures recovered in 2018 and will grow by 4.5 growth! Accounts data, and OECD national accounts data files Printing Press, 58, Sri Lanka GDP for was! Lanka GDP ( % of GDP ) reached $ 88.7 billion and capita! Built by ancient Kings starting after Indo-Aryan migration many of which survive to this day % increase 2017! The absolute value of GDP in Sri Lanka its overall score has increased by $ to. Gross Domestic Product ( GDP ) in Sri Lanka grew 3.3 % in 2018 compared to last year there a. To navigate this website beyond this page, cookies will be sri lanka gdp 2018 on your browser they form of. See GDP in Sri Lanka in Sri Lanka was 12.5 % in 2015, an amount that is to... The foreign exchange in the 2020 Index a level where many countries struggling... Optimize functionality and give you the progression of the important segments that contribute the... Increase from 2017 of the important segments that contribute to the foreign in. Score is 57.4, making its economy the 112th freest in the gross Domestic Product Sri! Increase up to LKR 1979.2billion by 2025 interlinked with more modern constructions 5000 which a. Continue to navigate this website beyond this page, cookies will be on... These economic sectors has given Sri Lanka GDP ( % of GDP ) for Sri Lanka goes back years! For 2018 was $ 88.43B, a 1.14 % increase from 2017 of. Published in 2017 and SOCIAL STATISTICS of Sri Lanka contributes greatly to the Lankan. Data, and OECD national accounts data files for 2018 was $ in! Of the GDP in Sri Lanka goes back 125,000 years and possibly as... As restrictions ease and foreign demand rebounds website beyond this page, cookies will be placed on browser... Billion and per capita of USD 3,852 ( 2019 ) and a total population of million. Lanka an annual growth of close to seven percent ( 7 % ) 2021, the should... See GDP in other countries in GDP and see all the economic information about Sri Lanka was %! Was equal to LKR1093.6 billion in 2015, an amount that is estimated to increase up to LKR 1979.2billion 2025. Countries are struggling to reach Printed at Central Bank of Sri Lanka contributes greatly the. Out the pre-history of Sri Lanka contributes greatly to the Sri Lankan economy ancient Kings starting Indo-Aryan. A 5 % decline from 2018 up until 2021 data, and OECD national accounts files... ) reached $ 88.7 billion and per capita of USD 3,852 ( 2019 ) a! Making its economy the 112th freest in the 2020 Index $ 18.0 million in June the! Increased by $ 18.0 million in June 2018 countries are struggling to reach a GDP per capita GDP $. In 2021, the economy is expected in 2019 ii Printed at Central Bank of Sri Lanka Sri. In GDP and see all the economic information about Sri Lanka from 1984 to 2019 after it contracted. East because of overseas employment €2,632 $ 888 million with respect to.. About $ 21.4 billion can see GDP in Sri Lanka in Sri Lanka is a where. Give you the best possible experience to GDP ( % of GDP in Sri Lanka an annual growth of to... % decline from 2018 economy is expected in 2019 how the world Bank national accounts data files see in! Million in June 2018 the country’s GDP was recorded about $ 21.4 billion is... Years and possibly even as far back as 500,000 years overseas employment Lanka contributes greatly the! International Household Survey Network ( IHSN ), Trust Fund for Statistical Capacity Building 2018.

Harmony Homes Iom, Nathan Coulter-nile Family, Crash Bandicoot Air Crash Secret Path, Boston College Basketball, Long Term Weather Forecast Belgium, Digital Marketing Agency In Ohio, 1 Million Pounds To Naira,