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%.

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.


Sri Lanka GDP from 1980 to 2022

The total market value of goods and services produced annually in Sri Lanka.

Change Chart

    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