Sri Lanka GDP Trends from 1980 to 2022: A overall increase with some decline Flow

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.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 5B 194M
    $ 333.92
    $ 1,087.46
    $ 16B 914M
    5.847 %
    -16.33 %
    25.50 %
    0 %
    15M 553K people
    1981
    $ 5B 404M
    $ 342.81
    $ 1,237.27
    $ 19B 504M
    5.345 %
    -12.437 %
    12.79 %
    0 %
    15M 763K people
    1982
    $ 5B 834M
    $ 365.50
    $ 1,365.29
    $ 21B 792M
    5.233 %
    -13.615 %
    13.08 %
    0 %
    15M 962K people
    1983
    $ 6B 298M
    $ 390
    $ 1,448.87
    $ 23B 396M
    3.314 %
    -7.47 %
    14.81 %
    0 %
    16M 148K people
    1984
    $ 7B 382M
    $ 452.29
    $ 1,585.07
    $ 25B 871M
    6.725 %
    -0.731 %
    20.91 %
    0 %
    16M 322K people
    1985
    $ 7B 302M
    $ 443.05
    $ 1,699.54
    $ 28B 12M
    4.957 %
    -5.773 %
    14.52 %
    0 %
    16M 482K people
    1986
    $ 7B 826M
    $ 470.14
    $ 1,790.25
    $ 29B 800M
    4.281 %
    -7.201 %
    12.54 %
    0 %
    16M 645K people
    1987
    $ 8B 148M
    $ 484.75
    $ 1,842.92
    $ 30B 982M
    1.454 %
    -6.091 %
    13.37 %
    0 %
    16M 811K people
    1988
    $ 8B 518M
    $ 501.62
    $ 1,939.93
    $ 32B 939M
    2.698 %
    -7.811 %
    12.54 %
    0 %
    16M 980K people
    1989
    $ 8B 550M
    $ 498.48
    $ 2,040.76
    $ 35B 2M
    2.25 %
    -6.761 %
    12.17 %
    0 %
    17M 151K people
    1990
    $ 9B 787M
    $ 564.87
    $ 2,225.22
    $ 38B 554M
    6.174 %
    -3.851 %
    22.09 %
    -1.139 %
    17M 326K people
    1991
    $ 10B 716M
    $ 611.09
    $ 2,518.89
    $ 44B 171M
    10.821 %
    -5.786 %
    20.12 %
    -3.127 %
    17M 536K people
    1992
    $ 11B 553M
    $ 651.33
    $ 2,467.23
    $ 43B 761M
    -3.135 %
    -4.798 %
    26.75 %
    0.034 %
    17M 737K people
    1993
    $ 12B 351M
    $ 689.02
    $ 2,686.07
    $ 48B 147M
    7.477 %
    -4.941 %
    25.08 %
    -0.833 %
    17M 925K people
    1994
    $ 14B 245M
    $ 787.25
    $ 2,936.10
    $ 53B 127M
    8.036 %
    -6.885 %
    24.61 %
    -2.038 %
    18M 94K people
    1995
    $ 15B 127M
    $ 829.22
    $ 3,153.18
    $ 57B 523M
    6.051 %
    -6.511 %
    24.01 %
    -2.431 %
    18M 243K people
    1996
    $ 16B 591M
    $ 903.33
    $ 3,577.04
    $ 65B 700M
    12.162 %
    -5.311 %
    24.80 %
    -1.687 %
    18M 367K people
    1997
    $ 18B 544M
    $ 1,003.94
    $ 3,990.67
    $ 73B 711M
    10.291 %
    -2.863 %
    24.06 %
    -0.638 %
    18M 471K people
    1998
    $ 19B 50M
    $ 1,026.15
    $ 3,949.08
    $ 73B 313M
    -1.646 %
    -1.85 %
    25.51 %
    -2.378 %
    18M 565K people
    1999
    $ 19B 143M
    $ 1,025.70
    $ 4,098.48
    $ 76B 491M
    2.879 %
    -3.508 %
    24.94 %
    -0.993 %
    18M 663K people