Sri Lanka’s economy expanded by 4.2% year-on-year in the second quarter of 2026, slowing from 5.1% growth in the previous quarter. Given the country’s heavy reliance on imported fuel, a fuel rationing was implemented in March, dampening growth. Activity in agriculture declined 2.3%, reversing a 1.1% gain in the first quarter, reflecting a decline in activity in over half the related sectors. Meanwhile, activity slowed in the services sector to 2.7% from 3.4%, as growth slowed in nearly every sector, namely wholesale and trade (1.4% vs 1.5%) and transportation (3.1% vs 3.6%). In contrast, activity in industry edged higher to 7.3% from 7.2%, driven by a rebound in repair, instalation and other manufacturing (3.3% vs -13.9%) while growth accelerated in the manufacture of wood and related products (13.9% vs 6.6%). source: The Department of Census and Statistics, Sri Lanka

The Gross Domestic Product (GDP) in Sri Lanka expanded 4.20 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Sri Lanka averaged 4.10 percent from 2003 until 2026, reaching an all time high of 16.12 percent in the first quarter of 2012 and a record low of -17.10 percent in the second quarter of 2020. This page provides the latest reported value for - Sri Lanka GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Sri Lanka expanded 4.20 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Sri Lanka is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka GDP Annual Growth Rate is projected to trend around 2.80 percent in 2027 and 3.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-15 10:00 AM
GDP Growth Rate YoY
Q1 5.1% 4.8% 4.2%
2026-09-15 09:30 AM
GDP Growth Rate YoY
Q2 4.2% 5.1% 4.8%
2026-12-17 11:00 AM
GDP Growth Rate YoY
Q3 4.2% 5.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY 4.20 5.10 percent Jun 2026
GDP Constant Prices 3029816.80 3652503.13 LKR Million Jun 2026
GDP from Agriculture 230307.00 232115.00 LKR Million Jun 2026
GDP from Construction 255190.00 273047.00 LKR Million Jun 2026
GDP from Manufacturing 863881.00 1049104.00 LKR Million Jun 2026
GDP from Mining 57364.00 63304.00 LKR Million Jun 2026
GDP from Public Administration 143600.00 125940.00 LKR Million Jun 2026
GDP from Services 1714387.08 2105235.38 LKR Million Jun 2026
GDP from Transport 326478.00 437330.00 LKR Million Jun 2026
GDP from Utilities 56111.00 50756.00 LKR Million Jun 2026


Sri Lanka GDP Annual Growth Rate
In Sri Lanka, services are the biggest sector of the economy and account for 58 percent of total GDP. Within services the most important segments are: wholesale and retail trade (21 percent); transport and communication (13 percent) and banking, insurance and real estate (11 percent). Industry accounts for 30 percent of total output. Within industry, manufacturing represents 18 percent of GDP and mining and construction account for 10 percent. The remaining 12 percent is contributed by agriculture, livestock, forestry and fishing.
Actual Previous Highest Lowest Dates Unit Frequency
4.20 5.10 16.12 -17.10 2003 - 2026 percent Quarterly
Constant Prices 2015

News Stream
Sri Lanka GDP Growth Eases to 4.2% in Q2 2026
Sri Lanka’s economy expanded by 4.2% year-on-year in the second quarter of 2026, slowing from 5.1% growth in the previous quarter. Given the country’s heavy reliance on imported fuel, a fuel rationing was implemented in March, dampening growth. Activity in agriculture declined 2.3%, reversing a 1.1% gain in the first quarter, reflecting a decline in activity in over half the related sectors. Meanwhile, activity slowed in the services sector to 2.7% from 3.4%, as growth slowed in nearly every sector, namely wholesale and trade (1.4% vs 1.5%) and transportation (3.1% vs 3.6%). In contrast, activity in industry edged higher to 7.3% from 7.2%, driven by a rebound in repair, instalation and other manufacturing (3.3% vs -13.9%) while growth accelerated in the manufacture of wood and related products (13.9% vs 6.6%).
2026-09-15
Sri Lanka GDP Growth Accelerates to 5.1% in Q1
Sri Lanka’s economy expanded by 5.1% year-on-year in the first quarter of 2026, accelerating from 4.8% growth in the previous quarter. The services sector grew 3.4%, up from 2.1%, supported by broad-based gains across most subsectors, particularly insurance (22.0%) and IT programming and consultancy (16.1%). Industrial activity increased 7.2%, compared with 8.1% in the previous quarter, driven mainly by strong growth in construction (16.3%), mining and quarrying (19.5%), and manufacturing (2.8%). Meanwhile, agricultural activity expanded by 1.1%, slowing from 2.1%, as declines in export-oriented agricultural production partly offset gains in other segments of the sector. Given the country’s heavy reliance on imported fuel, a fuel rationing was implemented in March, alongside public holidays on Wednesdays, which limit consumption and is likely to dampen economic growth.The IMF, which is supporting the country, expects the economy to slow to 3% in 2026 from 5% in the previous year.
2026-06-15
Sri Lanka GDP Growth Eases to 4.8% in Q4 2025
Sri Lanka's economy expanded 4.8% year-on-year in the fourth quarter of 2025, easing from a 5.4% expansion in the previous quarter. The slowdown was reflected across all three major sectors of the economy, with agricultural activities slowing the most (2.1% versus 3.6% in Q3 2025). Industrial production also slowed (7.3% versus 8.1%), despite recording strong performances for construction (8%), mining and quarrying (20.9%), utilities (10.5%) and manufacture of basic metals (19.1%). Services activities growth eased (3.1% versus 3.5%), supported by increases in wholesale and trade (1.3%), transports (1.2%), real estate activities (2.7%) and financial services (9.7%). Considering the full year, Sri Lanka's GDP expanded by 5% while still recovering from it's financial crisis. The economy is heavily reliant on fuel imports, making it exposed to fluctuations in global energy prices, which have risen since the onset of the Middle East conflict.
2026-03-17