economic contraction in 2022-23 marked by increased poverty and significant inflation; IMF two-year debt relief program following 2022 sovereign default; structural challenges from non-diversified economy and rigid labor laws; heavy dependence on tourism receipts and remittances
$270.6 billion (2022 est.)
$296.595 billion (2021 est.)
$287.046 billion (2020 est.)
note: data are in 2017 dollars
3.33% (2021 est.)
-3.47% (2020 est.)
-0.22% (2019 est.)
$12,200 (2022 est.)
$13,400 (2021 est.)
$13,100 (2020 est.)
note: data are in 2017 dollars
$84.016 billion (2019 est.)
7.01% (2021 est.)
6.15% (2020 est.)
3.53% (2019 est.)
Fitch rating: CCC (2020)
Moody's rating: Caa1 (2020)
Standard & Poors rating: CCC+ (2020)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 7.8% (2017 est.)
industry: 30.5% (2017 est.)
services: 61.7% (2017 est.)
household consumption: 62% (2017 est.)
government consumption: 8.5% (2017 est.)
investment in fixed capital: 26.3% (2017 est.)
investment in inventories: 10.2% (2017 est.)
exports of goods and services: 21.9% (2017 est.)
imports of goods and services: -29.1% (2017 est.)
rice, coconuts, eggs, plantains, tea leaves, sugar cane, milk, cassava, maize, poultry
processing of rubber, tea, coconuts, tobacco and other agricultural commodities; tourism; clothing and textiles; mining
5.62% (2021 est.)
8.268 million (2021 est.)
5.39% (2021 est.)
5.88% (2020 est.)
4.35% (2019 est.)
total: 26.1% (2021 est.)
male: 21.1%
female: 35.6%
4.1% (2016 est.)
39.3 (2016 est.)
on food: 28% of household expenditures (2018 est.)
on alcohol and tobacco: 2% of household expenditures (2018 est.)
lowest 10%: 3%
highest 10%: 32.2% (2012 est.)
8.37% of GDP (2020 est.)
7.58% of GDP (2019 est.)
7.45% of GDP (2018 est.)
revenues: $10.623 billion (2019 est.)
expenditures: $17.496 billion (2019 est.)
-5.5% (of GDP) (2017 est.)
79.1% of GDP (2017 est.)
79.6% of GDP (2016 est.)
note: covers central government debt and excludes debt instruments directly owned by government entities other than the treasury (e.g. commercial bank borrowings of a government corporation); the data includes treasury debt held by foreign entities as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement; sub-national entities are usually not permitted to sell debt instruments
7.68% (of GDP) (2020 est.)
calendar year
-$1.083 billion (2020 est.)
-$1.843 billion (2019 est.)
-$2.799 billion (2018 est.)
$16.169 billion (2022 est.) note: data are in current year dollars
$14.974 billion (2021 est.) note: data are in current year dollars
$13.083 billion (2020 est.) note: data are in current year dollars
United States 24%, India 8%, United Kingdom 7%, Germany 6%, Italy 4% (2022)
textiles (knit and non-knit garments); tea; rubber tires; precious stones; cinnamon (2022)
$19.244 billion (2022 est.) note: data are in current year dollars
$21.526 billion (2021 est.) note: data are in current year dollars
$18.271 billion (2020 est.) note: data are in current year dollars
India 34%, China 19%, United Arab Emirates 6%, Malaysia 4%, Singapore 4% (2022)
refined and crude petroleum; knitted/woven fabrics; special purpose ships; packaged medicine; coal (2022)
$3.137 billion (31 December 2021 est.)
$5.664 billion (31 December 2020 est.)
$7.648 billion (31 December 2019 est.)
$55.332 billion (2019 est.)
$52.567 billion (2018 est.)
Sri Lankan rupees (LKR) per US dollar -
Exchange rates:
198.764 (2021 est.)
185.593 (2020 est.)
178.745 (2019 est.)
162.465 (2018 est.)
152.446 (2017 est.)
NOTE: The information regarding Sri Lanka on this page is re-published from the 2024 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Sri Lanka 2024 information contained here. All suggestions for corrections of any errors about Sri Lanka 2024 should be addressed to the CIA or the source cited on each page.
This page was last modified 04 May 24, Copyright © 2024 ITA all rights reserved.
