What is the GDP of Sri Lanka?

Sri Lanka's GDP is approximately $99 billion USD. The GDP growth rate is 5%.

What is the population of Sri Lanka?

Sri Lanka has a population of approximately 21.9 million people. The population growth rate is -0.6%.

What is the inflation rate in Sri Lanka?

The inflation rate in Sri Lanka is -0.4%.

What is the unemployment rate in Sri Lanka?

The unemployment rate in Sri Lanka is 4%.

What is the GDP per capita of Sri Lanka?

Sri Lanka's GDP per capita is approximately $4,516 USD.

Is Sri Lanka a good country to invest in?

Sri Lanka has an investment score of 35/100, classified as "Caution" risk. Key sectors include Tourism, Apparel & Textiles, Agriculture (Tea). Credit rating: NR.

How open is Sri Lanka's economy to trade?

Sri Lanka's trade openness (trade as % of GDP) is 42%. Exports total approximately $19.7B and imports $22.3B.

How much foreign investment does Sri Lanka attract?

Foreign direct investment (FDI) in Sri Lanka is 0.8% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Sri Lanka?

Sri Lanka's economy is composed of services (57% of GDP), industry (26% of GDP), and agriculture (8% of GDP).

Can I start a business in Sri Lanka as a foreigner?

Sri Lanka offers various options for foreign entrepreneurs. Visit our business setup guide for Sri Lanka for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Sri Lanka's economy growing?

Sri Lanka's GDP growth rate is 5%. This is above the global average, indicating strong economic momentum.

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Sri Lanka Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

South AsiaLower MiddleCapital: Sri Jayawardenepura KotteLKA

Caution

Growing

99B USD

GDP (Nominal)

Growing at 5%

$4,516

GDP Per Capita

Middle income level

21.9M

Population

-0.6% annual growth

Stable

-0.4%

Inflation

Price stability

42%of GDP

Trade Openness

0.8%of GDP

FDI Inflows

Public Debt

Low

Unemployment

Deficit

-$2.6B

Trade Balance

GDP

Billion USD, nominal

$99B

2024+15.2B

GDP Growth

Annual %

2024+7.3%

Inflation

Consumer prices, annual %

-0.4%

2024-16.9%

Population

Millions

21.9M

2024-0.1M

Economic Structure

Services57%

Industry26%

Agriculture8%

Investment Score Breakdown

Economic Health (30%)35

Political Safety (25%)28

Business Climate (20%)38

Financial Strength (15%)25

Growth Potential (10%)42

Key Sectors

Tourism

5% of GDP

growing

Apparel & Textiles

8% of GDP

stable

Agriculture (Tea)

8% of GDP

stable

IT & BPO

4% of GDP

growing

Should I Invest in Sri Lanka?

CautionSetup: ComplexROI: Low

Sri Lanka scores 35/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2.5%. Business setup takes approximately 50 days with a corporate tax rate of 30%.

Investment Score35/100

GDP Growth2.5%

Inflation5%

FDI/GDP1.2%

Public Debt115%

Political Stability-0.8

Corporate Tax30%

Ease of Business#99

Strengths

+100% foreign ownership allowed - no local partner required

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (5%) - factor into pricing strategy
-Very high public debt (115% of GDP) - fiscal crisis risk
-Very slow contract enforcement (1318 days) - use arbitration clauses

Best For

Labor-intensive manufacturing

Also Consider

Bangladesh

Same region, similar income level, faster growth (5.8%)

Bhutan

Same region, similar income level, faster growth (4%)

Pakistan

Same region

Kenya

Similar investment score, faster growth (5%)

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