Sri Lanka GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Sri Lanka's gdp growth was 5.01% in 2024, ranked 39th globally. This represents a 315.0% increase from 2023. Data from World Bank, covering 1962–2024.
Overview
Sri Lanka's gdp growth stood at 5.01% in 2024, a rise of +7.34pp from 2023. Sri Lanka ranked 39th globally.
Sri Lanka's GDP growth has exhibited significant fluctuations over the past six decades, with the economy experiencing a peak of 8.67% in 2011, driven largely by the expansion of the services sector. Conversely, the country witnessed a severe contraction of -7.35% in 2022, primarily due to the devastating effects of the economic crisis and the COVID-19 pandemic. The current growth rate stands at 5.01%, ranking 39th globally. This recent performance is comparable to that of Curaçao, which achieved a growth rate of 5.03% in 2024. The long-term trajectory of Sri Lanka's GDP growth has been characterized by volatility, with periods of high growth interspersed with episodes of stagnation. The country's ability to navigate future economic challenges and capitalize on emerging opportunities will be crucial in sustaining its growth trajectory, with a potential shift towards more diversified and resilient economic sectors expected to influence the direction of the economy.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2024 | 5.01% | +7.34pp | #39 |
| 2023 | -2.33% | +5.02pp | #198 |
| 2022 | -7.35% | −11.56pp | #207 |
| 2021 | 4.21% | +8.83pp | #134 |
| 2020 | -4.62% | −4.40pp | #116 |
| 2019 | -0.22% | −2.53pp | #185 |
| 2018 | 2.31% | −4.15pp | #137 |
| 2017 | 6.46% | +1.41pp | #28 |
| 2016 | 5.05% | +0.85pp | #48 |
| 2015 | 4.21% | −2.17pp | #64 |
| 2014 | 6.38% | +2.33pp | #31 |
| 2013 | 4.05% | −4.58pp | #87 |
| 2012 | 8.63% | −0.04pp | #18 |
| 2011 | 8.67% | +0.65pp | #18 |
| 2010 | 8.02% | +4.48pp | #27 |
Detected Pattern
Analysis
Sri Lanka matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
Sri Lanka's gdp growth was 5.01% in 2024. Ranked 39th globally. This represents a 315.0% increase from the previous year.
Sri Lanka's gdp growth peaked at 8.67% in 2011.
The lowest gdp growth in Sri Lanka was -7.35% in 2022.
Sri Lanka ranks 39th globally in gdp growth as of 2024.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of Sri Lanka in 2024 was 5.01%. This ranks 39th in the world.
Cite this page
@misc{historysaid_sri-lanka_gdp-growth,
title = {Sri Lanka GDP Growth},
url = {https://historysaid.com/sri-lanka/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}