According to the Department of Census and Statistics (DCS), the year-on-year GDP growth rate for 2022 is expected to be 7.8 present lower than the value reported in the previous year 2021.
Furthermore, the Gross Domestic Product for Sri Lanka in 2022 at constant prices (2015) has fallen to Rs. 12,017,849 million from Rs. 13,037,934 million in the previous year 2021.
The following graph depicts the changes in real GDP levels from 2018 to 2022.
Furthermore, the Gross Domestic Product for Sri Lanka in 2022 at current prices has increased to Rs. 24,147,726 million from Rs. 17,600,191 million in 2021, representing a 37.2 percent increase in GDP at current prices.
The three major economic activities of the economy, ‘Agriculture,’ ‘Industry,’ and ‘Services,’ have contributed 8.7 percent, 30.3 percent, and 56.1 percent of GDP at current prices, respectively, while the ‘Taxes less subsidies on products’ component has contributed 4.9 percent of GDP in 2022.
Agriculture, Industrial, and Services all experienced negative growth rates of 4.6 percent, 16.0 percent, and 2.0 percent, respectively, during the year.