Sri Lanka: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Sri Lanka has one of the largest GDPs per capita in South Asia. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): India, China, and United States |
| Top Industries Source: CIA World Factbook | Processing of Rubber; Tea; Coconuts; Tobacco and other Agricultural Commodities |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $319,526,531,291 (2022) |
| GDP Growth Rate (annual %) | -7.824% (2022) |
| GDP Per Capita, PPP (current international) | $14,405 (2022) |
GDP Country Rank 60/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 49.721% (2022) |
| External debt stocks, total (DOD, current US$) | $56,592,086,411 (2021) |
| Total tax rate (% of commercial profits) | 55.2% (2019) |
| Real Interest Rate (5 year average %) | 7.099% (2019) |
| Manufacturing, value added (% of GDP) | 19.594% (2022) |
| Current Account Balance (BoP, current US$) | ($1,082,999,206) (2020) |
Labor and Employment [1]
| Labor Force, Total | 8,714,653 (2022) |
| Employment in Agriculture (% of total employment) | 25.746% (2021) |
| Employment in Industry (% of total employment) | 27.877% (2021) |
| Employment in Services (% of total employment) | 46.377% (2021) |
| Unemployment Rate | 6.705% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $18,626,984,513 (2022) |
| Exports of goods and services (current US$) | $15,984,998,949 (2022) |
| Total Merchandise Trade (% of GDP) | 42.2% (2022) |
| FDI, net inflows (BoP, current US$) | $898,295,214 (2022) |
| Commercial Service Exports (current US$) | $3,009,047,503 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Sri Lanka’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.