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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
