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Sri Lanka

Headline economic indicators for Sri Lanka, with the most recent official readings.

Prices

Prices — Sri Lanka
Indicator Value Change
Inflation rate · -4.8% -4.33 (-1,009.5%)
Consumer price index · 292.3 -14.62 (-4.8%)
GDP deflator inflation · 3.7% -0.40 (-9.8%)

GDP

GDP — Sri Lanka
Indicator Value Change
GDP growth rate · 5.0% -0.04 (-0.8%)
GDP per capita · 5,002.08 +456.72 (+10.0%)
GDP per capita, long-run history · 10,705 -1,046 (-8.9%)
GDP · 108,825,231,671.2 +9,209,120,405 (+9.2%)
GDP, PPP · 371,266,789,711 +27,161,685,511 (+7.9%)
GDP per capita, PPP · 17,065 +1,364 (+8.7%)
GDP per capita growth · 5.7% +0.15 (+2.7%)
GNI per capita · 4,670 +800.00 (+20.7%)
Agriculture to GDP · 8.4% -0.01 (-0.1%)
Industry to GDP · 25.4% -0.04 (-0.2%)
Manufacturing to GDP · 17.1% -0.38 (-2.1%)
Services to GDP · 54.6% -2.87 (-5.0%)
Household consumption to GDP · 67.5% -1.82 (-2.6%)
Gross capital formation to GDP · 29.6% +3.30 (+12.5%)
Gross savings to GDP · 31.2% +3.62 (+13.1%)

Labour

Labour — Sri Lanka
Indicator Value Change
Unemployment rate · 4.0% -0.23 (-5.5%)
Labour force participation rate · 48.5% -0.08 (-0.2%)
Female labour force participation rate · 31.0% -0.01 (-0.0%)
Youth unemployment rate · 18.6% -0.48 (-2.5%)
Employment to population ratio · 46.6% +0.03 (+0.1%)
Employment in agriculture · 25.9% -0.46 (-1.8%)
Employment in industry · 26.3% +0.24 (+0.9%)
Employment in services · 47.8% +0.22 (+0.5%)

Money

Money — Sri Lanka
Indicator Value Change
Real interest rate · 7.1% +0.14 (+2.0%)
Broad money to GDP · 59.5% +2.57 (+4.5%)
Private sector credit to GDP · 47.0% +0.31 (+0.7%)
Lending rate · 11.2% -0.31 (-2.7%)
Bank deposit rate · 8.7% -0.14 (-1.6%)
Stock market capitalization to GDP · 24.0% +4.42 (+22.6%)
Bank nonperforming loans · 9.9% -3.09 (-23.8%)
Official exchange rate · 300.85 -1.26 (-0.4%)

Trade

Trade — Sri Lanka
Indicator Value Change
Current account to GDP · 1.6% +0.37 (+30.4%)
Exports to GDP · 19.0% -0.79 (-4.0%)
Imports to GDP · 22.8% +0.48 (+2.1%)
Trade to GDP · 41.8% -0.31 (-0.7%)
Exports of goods and services · 20,641,294,805.66 +961,158,363 (+4.9%)
Imports of goods and services · 24,857,449,190.34 +2,579,668,236 (+11.6%)
Trade balance, goods and services (annual) · -4,191,411,231.36 -1,556,911,108 (-59.1%)
Current account balance (annual) · 1,719,325,886.94 +512,022,313 (+42.4%)
Foreign direct investment to GDP · 1.0% +0.20 (+25.9%)
Remittances received to GDP · 7.6% +0.88 (+13.1%)
Total reserves, including gold · 6,093,946,546.37 +1,688,829,541 (+38.3%)
Reserves in months of imports · 2.9 +0.48 (+20.2%)
External debt to GNI · 58.9% -15.70 (-21.0%)

Government

Government — Sri Lanka
Indicator Value Change
Government debt to GDP · 73.5% +4.92 (+7.2%)
Government revenue to GDP · 11.1% +2.85 (+34.6%)
Government expense to GDP · 18.0% +2.29 (+14.6%)
Tax revenue to GDP · 9.9% +2.60 (+35.8%)
Government budget balance to GDP · -9.2% +0.01 (+0.1%)
Government consumption to GDP · 6.7% -0.21 (-3.0%)
Education spending to GDP · 1.8% +0.62 (+51.8%)
Health spending to GDP · 3.7% -0.30 (-7.5%)

Demography

Demography — Sri Lanka
Indicator Value Change
Population · 21,756,000 -160,000 (-0.7%)
Population, long-run history · 23,796 +63.99 (+0.3%)
Population growth · -0.7% -0.18 (-33.1%)
Life expectancy · 77.7 +0.19 (+0.2%)
Fertility rate · 1.95 -0.02 (-1.1%)
Birth rate · 10.1 -1.10 (-9.8%)
Death rate · 7.8 -0.40 (-4.9%)
Urban population share · 20.5% +0.15 (+0.7%)
Population aged 65 and over · 12.5% +0.37 (+3.1%)
Under-five mortality rate · 5.9 -0.20 (-3.3%)
Population density · 354.3 -1.96 (-0.5%)
Net migration · -30,724 -3,479 (-12.8%)
Gini index · 37.7 -1.60 (-4.1%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Sri Lanka; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.