Sri Lanka's GDP changed from approximately $5B 194M in 1980 to $74B 846M in 2022, showing an overall 1341.0% sharply increased during the period.
The lowest GDP was recorded in 1980 at $5B 194M, and the highest in 2018 at $94B 484M.
Over the 42-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.6%.
For comparison, the average annual growth rate of United States was 5.4%, and that of China was 9.8%.
Sri Lanka GDP from 1980 to 2022
The total market value of goods and services produced annually in Sri Lanka.
Overview of Sri Lanka's GDP (1980–2022)
The Gross Domestic Product (GDP) of Sri Lanka recorded a 1341.0% sharply increased from 1980 to 2022.
The average GDP during this period was $36B 681M, and the median was $20B 7M.
GDP fluctuated within a range of $89B 290M, with a standard deviation of $31B 786M.
The average annual change was $2B 344M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $5B 194M
- Highest GDP: 2018, $94B 484M
- Most Recent GDP: 2022, $74B 846M
Notable Annual GDP Changes
- 2008: Significant increase in GDP
- 2022: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Sri Lanka's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $89B 15M → $84B 441M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $38B 270M → $49B 750M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $20B 7M → $19B 236M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $18B 544M → $19B 50M
- Outcome: increased
Key Economic Indicators of Sri Lanka (1980–2022)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 5.847 % | $ 5B 194M | $ 16B 914M | $ 333.92 | $ 1,087.46 | 25.50 % | 15M 553K people | -16.33 % | 0 % |
1981 | 5.345 % | $ 5B 404M | $ 19B 504M | $ 342.81 | $ 1,237.27 | 12.79 % | 15M 763K people | -12.437 % | 0 % |
1982 | 5.233 % | $ 5B 834M | $ 21B 792M | $ 365.50 | $ 1,365.29 | 13.08 % | 15M 962K people | -13.615 % | 0 % |
1983 | 3.314 % | $ 6B 298M | $ 23B 396M | $ 390 | $ 1,448.87 | 14.81 % | 16M 148K people | -7.47 % | 0 % |
1984 | 6.725 % | $ 7B 382M | $ 25B 871M | $ 452.29 | $ 1,585.07 | 20.91 % | 16M 322K people | -0.731 % | 0 % |
1985 | 4.957 % | $ 7B 302M | $ 28B 12M | $ 443.05 | $ 1,699.54 | 14.52 % | 16M 482K people | -5.773 % | 0 % |
1986 | 4.281 % | $ 7B 826M | $ 29B 800M | $ 470.14 | $ 1,790.25 | 12.54 % | 16M 645K people | -7.201 % | 0 % |
1987 | 1.454 % | $ 8B 148M | $ 30B 982M | $ 484.75 | $ 1,842.92 | 13.37 % | 16M 811K people | -6.091 % | 0 % |
1988 | 2.698 % | $ 8B 518M | $ 32B 939M | $ 501.62 | $ 1,939.93 | 12.54 % | 16M 980K people | -7.811 % | 0 % |
1989 | 2.25 % | $ 8B 550M | $ 35B 2M | $ 498.48 | $ 2,040.76 | 12.17 % | 17M 151K people | -6.761 % | 0 % |
1990 | 6.174 % | $ 9B 787M | $ 38B 554M | $ 564.87 | $ 2,225.22 | 22.09 % | 17M 326K people | -3.851 % | -1.139 % |
1991 | 10.821 % | $ 10B 716M | $ 44B 171M | $ 611.09 | $ 2,518.89 | 20.12 % | 17M 536K people | -5.786 % | -3.127 % |
1992 | -3.135 % | $ 11B 553M | $ 43B 761M | $ 651.33 | $ 2,467.23 | 26.75 % | 17M 737K people | -4.798 % | 0.034 % |
1993 | 7.477 % | $ 12B 351M | $ 48B 147M | $ 689.02 | $ 2,686.07 | 25.08 % | 17M 925K people | -4.941 % | -0.833 % |
1994 | 8.036 % | $ 14B 245M | $ 53B 127M | $ 787.25 | $ 2,936.10 | 24.61 % | 18M 94K people | -6.885 % | -2.038 % |
1995 | 6.051 % | $ 15B 127M | $ 57B 523M | $ 829.22 | $ 3,153.18 | 24.01 % | 18M 243K people | -6.511 % | -2.431 % |
1996 | 12.162 % | $ 16B 591M | $ 65B 700M | $ 903.33 | $ 3,577.04 | 24.80 % | 18M 367K people | -5.311 % | -1.687 % |
1997 | 10.291 % | $ 18B 544M | $ 73B 711M | $ 1,003.94 | $ 3,990.67 | 24.06 % | 18M 471K people | -2.863 % | -0.638 % |
1998 | -1.646 % | $ 19B 50M | $ 73B 313M | $ 1,026.15 | $ 3,949.08 | 25.51 % | 18M 565K people | -1.85 % | -2.378 % |
1999 | 2.879 % | $ 19B 143M | $ 76B 491M | $ 1,025.70 | $ 4,098.48 | 24.94 % | 18M 663K people | -3.508 % | -0.993 % |