Sri Lanka’s economy expanded by 4.8% year-on-year in the first quarter of 2025, easing from a 5.4% growth rate in the previous quarter. While the industrial sector lost some momentum, it remained a key driver of growth, rising 9.7% compared to 13.1% in Q4 2024. Strong performances in manufacturing, mining, and construction underpinned the sector’s resilience. Agricultural activity continued to contract, though at a slower pace (-0.7% vs -2.2% in Q4). Meanwhile, growth in the services sector accelerated modestly to 2.8%, up from 2.5%, driven by robust gains in insurance, financial services, hospitality, IT consulting, and logistics—including postal and courier services. source: Department of Census and Statistics - Sri Lanka

The Gross Domestic Product (GDP) in Sri Lanka expanded 4.80 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Sri Lanka averaged 4.06 percent from 2003 until 2025, 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 September of 2025.

The Gross Domestic Product (GDP) in Sri Lanka expanded 4.80 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Sri Lanka is expected to be 4.40 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 3.10 percent in 2026 and 2.80 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-18 10:40 AM
GDP Growth Rate YoY
Q4 5.4% 5.3% 3.5%
2025-06-16 10:30 AM
GDP Growth Rate YoY
Q1 4.8% 5.4% 1.2%
2025-09-12 10:30 AM
GDP Growth Rate YoY
Q2 4.8% 4.4%


Related Last Previous Unit Reference
GDP Growth Rate YoY 4.80 5.40 percent Mar 2025
GDP Constant Prices 3477088.00 3250049.00 LKR Million Mar 2025
GDP from Agriculture 227821.00 237721.00 LKR Million Mar 2025
GDP from Construction 235741.00 231193.00 LKR Million Mar 2025
GDP from Manufacturing 975783.00 778972.00 LKR Million Mar 2025
GDP from Mining 52955.00 45277.00 LKR Million Mar 2025
GDP from Public Administration 127440.00 170651.00 LKR Million Mar 2025
GDP from Services 2042423.00 1994074.00 LKR Million Mar 2025
GDP from Transport 438536.00 402684.00 LKR Million Mar 2025
GDP from Utilities 45447.00 43459.00 LKR Million Mar 2025

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
4.80 5.40 16.12 -17.10 2003 - 2025 percent Quarterly
Constant Prices 2015

News Stream
Sri Lanka’s Economic Growth Eases to 4.8% in Q1
Sri Lanka’s economy expanded by 4.8% year-on-year in the first quarter of 2025, easing from a 5.4% growth rate in the previous quarter. While the industrial sector lost some momentum, it remained a key driver of growth, rising 9.7% compared to 13.1% in Q4 2024. Strong performances in manufacturing, mining, and construction underpinned the sector’s resilience. Agricultural activity continued to contract, though at a slower pace (-0.7% vs -2.2% in Q4). Meanwhile, growth in the services sector accelerated modestly to 2.8%, up from 2.5%, driven by robust gains in insurance, financial services, hospitality, IT consulting, and logistics—including postal and courier services.
2025-06-16
Sri Lanka GDP Grows the Most in Over 3 Years
Sri Lanka's economy grew by 5.4% year-on-year in the fourth quarter of 2024, following a downwardly revised 5.3% expansion in the previous period. This marked the fastest pace of growth since the second quarter of 2021, driven by a 13.1% surge in industrial production (compared to 10.1% in Q3 2024) and a solid 2.5% increase in services output (compared to 2.6% in Q3). In contrast, agricultural activities contracted by 2.2%, partially reversing the 3.7% growth seen in the previous quarter. For the full year of 2024, the economy expanded by 5.0%, following two consecutive periods of contraction.
2025-03-18
Sri Lanka GDP Growth Accelerates to Near 7-Year High
Sri Lanka's economy advanced by 5.5% yoy in Q3 2024, marking the fastest expansion since Q4 2017, as the country continued to recover from its worst financial crisis in decades. Notably, inflationary pressures eased further during the period, coinciding with a decline in interest rates. The expansion was led by a 10.8% surge in the industrial sector, with the construction and mining & quarrying industries posting impressive growths of 23.8% and 25.4%, respectively. Additionally, manufacturing rose by 5.3%, driven by key sub-sectors such as textiles (13.5%), paper products (10.9%), wood products (10.7%), rubber and plastics (9.0%), basic metals (7.2%). Agriculture grew by 3%, on higher production of cereals (46.7%), animals (19.9%), tea (16.3%), marine fishing and aquaculture (9.9%), and fruits (7.3%). The services sector rose by 2.6%, with almost all activities recording growth, primarily accommodation and food services (18.8%) and IT services (16.0%).
2024-12-17