Sri Lanka Real GDP Growth

2011 - 2022 | Quarterly | % | CEIC Data

Key information about Sri Lanka Real GDP Growth

  • The Gross Domestic Product (GDP) in Sri Lanka contracted 12.4 % YoY in Dec 2022, following a negative growth of 11.5 % in the previous quarter.
  • Real GDP Growth YoY data in Sri Lanka is updated quarterly, available from Mar 2011 to Dec 2022, with an average rate of 4.2 %.
  • The data reached an all-time high of 16.1 % in Mar 2012 and a record low of -17.1 % in Jun 2020.
CEIC calculates Real GDP Growth from quarterly Real GDP. The Department of Census and Statistics provides Real GDP in local currency based on SNA 2008, at 2015 prices. Real GDP Growth prior to Q1 2016 is calculated from Real GDP based on 2008, at 2010 prices.


Related information about Sri Lanka Real GDP Growth

  • In the latest reports, Nominal GDP of Sri Lanka reached 18.1 USD bn in Dec 2022.
  • Its GDP deflator (implicit price deflator) increased 58.9 % in Dec 2022.
  • GDP Per Capita in Sri Lanka reached 3,393.0 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 28.0 % in Sep 2022.
  • For Nominal GDP contributions, Investment accounted for 26.5 % in Sep 2022.
  • Public Consumption accounted for 7.1 % in Sep 2022.
  • Private Consumption accounted for 64.9 % in Sep 2022.

View Sri Lanka's Real GDP Growth from Mar 2011 to Dec 2022 in the chart:

Sri Lanka Real GDP Growth

What was Sri Lanka's Real GDP Growth in Dec 2022?

The Gross Domestic Product (GDP) in Sri Lanka contracted 12.4 % YoY in Dec 2022, following a negative growth of 11.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-12.4 Dec 2022 -11.5 Sep 2022 -17.1 Jun 2020 16.1 Mar 2012 % quarterly Mar 2011 - Dec 2022

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.0 Mar 2023 quarterly Mar 2000 - Mar 2023
Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
Azerbaijan (%) 1.8 Sep 2023 quarterly Mar 2001 - Sep 2023
Bahrain (%) 2.5 Sep 2023 quarterly Mar 2009 - Sep 2023
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 5.3 2022 yearly 1994 - 2022
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Ghana (%) 0.5 Sep 2023 quarterly Jun 2006 - Sep 2023
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 3.0 Sep 2023 quarterly Mar 2011 - Sep 2023
Kuwait (%) 0.3 Sep 2023 quarterly Jun 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Lebanon (%) -25.9 2020 yearly 2005 - 2020
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.3 Dec 2023 quarterly Mar 2001 - Dec 2023
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 6.6 Sep 2023 quarterly Mar 2011 - Sep 2023
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.5 2022 yearly 2011 - 2022
Nepal (%) -0.7 Dec 2022 quarterly Dec 2004 - Dec 2022
Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 1.7 2023 yearly 2001 - 2023
Palestinian Territory (%) 1.1 Sep 2023 quarterly Jun 2000 - Sep 2023
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 1.0 Jun 2023 quarterly Mar 2012 - Jun 2023
Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 2.6 Dec 2023 quarterly Mar 1996 - Dec 2023
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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Sri Lanka Key Series

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Includes 167 key indicators for Sri Lanka, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.5 Sep 2023 quarterly Dec 2014 - Sep 2023
Tax Revenue (USD mn) 5,458.017 2022 yearly 1990 - 2022
Tax Revenue: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2014 - Sep 2023
National Government Debt (USD mn) 86,964.6 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: % of GDP (%) 103.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Forecast: Government Expenditure (LKR bn) 4,472.550 2022 yearly 1990 - 2022
Forecast: Government Net Debt (LKR bn) 27,899.420 2022 yearly 1990 - 2022
Forecast: Government Revenue (LKR bn) 2,012.590 2022 yearly 1990 - 2022
Government Debt: Domestic (LKR mn) 16,617,629.160 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: Foreign (LKR mn) 11,402,380.792 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Recurrent (LKR mn) 1,002,143.567 Sep 2023 quarterly Mar 2014 - Sep 2023
Overall Fiscal Surplus/Deficit (LKR mn) -371,009.687 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Capital & Net Lending (LKR mn) 170,568.510 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Revenue & Grants​: Revenue (LKR mn) 795,600.830 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & Lending Minus Repayments (LR) (LKR mn) 1,172,712.077 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.626 2028 yearly 1980 - 2028
Trade Balance (USD mn) -541.1 Jan 2024 monthly Jan 1982 - Jan 2024
Total Exports (USD mn) 970.7 Jan 2024 monthly Jan 1982 - Jan 2024
Total Exports Growth (%) -0.8 Jan 2024 monthly Jan 1983 - Jan 2024
Aluminum: Exports (USD th) 8,005.174 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 8,546.747 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 3,537.951 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,511.8 Jan 2024 monthly Jan 1982 - Jan 2024
Total Imports Growth (%) 6.2 Jan 2024 monthly Jan 1983 - Jan 2024
Imports: Medicament (USD th) 381,649.432 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 128,854.946 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 272.761 Nov 2023 monthly Jan 1978 - Nov 2023
Total Imports from USA (USD mn) 36.519 Nov 2023 monthly Jan 1978 - Nov 2023
Total Exports to China (USD mn) 24.920 Nov 2023 monthly Jan 2016 - Nov 2023
Total Imports from China (USD mn) 377.199 Nov 2023 monthly Jan 2016 - Nov 2023
Exports: Germany (USD mn) 742.000 2022 yearly 2003 - 2022
Imports: India (USD mn) 4,738.000 2022 yearly 2003 - 2022
Export Volume Index (EVoI): 2010=100 (2010=100) 200.505 Jan 2024 monthly Jan 2010 - Jan 2024
Import Volume Index (IVoI): 2010=100 (2010=100) 169.493 Jan 2024 monthly Jan 2010 - Jan 2024
Terms of Trade Index: 2010=100 (2010=100) 84.410 Jan 2024 monthly Jan 2010 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance (USD mn) 639.0 Sep 2023 quarterly Mar 1977 - Sep 2023
Current Account Balance: % of GDP (%) 3.0 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Direct Investment (USD mn) 158.7 Sep 2023 quarterly Mar 1977 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.7 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Portfolio Investment (USD mn) 85.052 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.4 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 5.0 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 80.015 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt (USD mn) 52,653.4 Sep 2023 quarterly Dec 2012 - Sep 2023
External Debt: % of GDP (%) 74.7 2022 yearly 1998 - 2022
External Debt: Short Term (USD mn) 7,545.9 Sep 2023 quarterly Dec 2012 - Sep 2023
External Debt: Short Term: % of GDP (%) 11.5 2022 yearly 1998 - 2022
Forecast: Current Account Balance (USD bn) -0.744 2022 yearly 1980 - 2022
Net International Investment Position (USD mn) -50,271.614 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Assets: Errors & Ommissions (USD mn) 192.632 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Liabilities: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Assets: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
International Investment Position (IIP): Net (USD mn) -50,271.614 Sep 2023 quarterly Dec 2012 - Sep 2023
IIP: Assets (USD mn) 11,636.010 Sep 2023 quarterly Dec 2012 - Sep 2023
IIP: Liabilities (USD mn) 61,907.624 Sep 2023 quarterly Dec 2012 - Sep 2023
No of Registered Enterprises (Unit) 6,298.000 2022 yearly 1994 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 2021 yearly 1998 - 2021
Household Debt: % of GDP (%) 7.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Money Supply M1 (USD mn) 5,120.576 Dec 2023 monthly Jan 1994 - Dec 2023
Money Supply M2 (USD mn) 35,469.638 Dec 2023 monthly Jan 1994 - Dec 2023
M2 Growth (%) 9.4 Dec 2023 monthly Jan 1995 - Dec 2023
Reserve Requirement Ratio (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Foreign Exchange Reserves (USD mn) 4,425.6 Jan 2024 monthly Dec 1956 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 2.9 Jan 2024 monthly Jan 1982 - Jan 2024
Gold Reserves (USD mn) 30.887 Jan 2024 monthly Dec 1977 - Jan 2024
Total Deposits (USD mn) 45,118.862 Jul 2023 monthly Dec 2002 - Jul 2023
Total Deposits Growth (%) 5.8 Jun 2023 monthly Dec 2003 - Jun 2023
Domestic Credit (USD mn) 1,267.7 Dec 2023 monthly Jan 1996 - Dec 2023
Domestic Credit Growth (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Household Debt (USD mn) 6,407.8 Jun 2023 quarterly Jun 2010 - Jun 2023
Total Loans (USD mn) 25,800.594 Dec 2023 monthly Dec 1983 - Dec 2023
Total Loans Growth (%) -0.51 Dec 2023 monthly Dec 1984 - Dec 2023
Private Debt: % of Nominal GDP (%) 26.18 Jun 2023 quarterly Dec 2010 - Jun 2023
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) 4,425.613 Jan 2024 monthly Nov 2013 - Jan 2024
Official Reserve Assets (ORA) (USD mn) 4,496.000 Jan 2024 monthly Nov 2013 - Jan 2024
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) 1,969,066.000 Jun 2023 quarterly Jun 2010 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Business Sentiment Index: Business Condition: Current Quarter (Index) 93.000 Dec 2023 quarterly Jun 2014 - Dec 2023
Purchasing Managers Index: Manufacturing (Index) 52.700 Jan 2024 monthly May 2015 - Jan 2024

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