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Sri Lanka records 7.8-pct negative growth for 2022

The Department of Census and Statistics (DCS) states that the year-on-year GDP growth rate for the year 2022 has been estimated as a 7.8 percent negative growth, against the value reported in the previous year 2021.

Further, the Gross Domestic Product for Sri Lanka for the year 2022 at the constant price (2015) has declined to Rs.

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12,017,849 million from Rs. 13,037,934 million which was recorded in the previous year 2021.
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The following Figure reflects the changes in the real GDP levels for the period of 2018 to the year of 2022.

In addition, the Gross Domestic Product for Sri Lanka for the year 2022 at its current price has increased up to Rs. 24,147,726 million from Rs. 17,600,191 million which recorded a 37.2 percent of positive change in the current price GDP, in the year 2021.

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The three major economic activities of the economy; ‘Agriculture’, ‘Industry’ and ‘Services’ have contributed their share to the GDP at current prices by 8.7 percent, 30.3 percent and 56.1 percent respectively, while ‘Taxes less subsidies on products’ component has contributed 4.9 percent of share to the GDP in the year of 2022.

During the year, all three major economic activities of Agriculture, Industrial and Services have recorded negative growth rates of 4.6 percent, 16.0 percent and 2.0 percent respectively.

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