sri lankan gdp

5 Amazing facts about Sri Lankan GDP and its Economy

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Sri Lankan GDP (Gross Domestic Product)

Sri Lanka Country Overview

In this rtticle we discuss sri lanka GDP. Its official name is called the Democratic Socialist Republic of Sri Lanka. This country is located in South Asia. this is a culturally rich country. Its largest and Capital city name is Colombo. Its official languages are Sinhala and Tamil. Others are English.

Sri Lankan GDP
Sri Lankan GDP

When we talk about the ethnic group in Sri Lanka, for instance, find that Sinhalese: 75, Sri Lankan Tamil: 11%, Sri Lankan Moors: 9%, Indian Tamils: 4% and others live in Sri Lanka. In Religion, Buddhism: 70%, Hinduism: 13%, Islam: 10% and others live in Sri Lanka.

The total land area of Sri Lanka is 65,610 km2. The total population of Sri Lanka is 21,910,000 in the year 2020. Its population world rank is 57th.

Sri Lankan Economy overview

Sri Lankan currency is called the Sri Lankan rupee. The inflation rate in Sri Lanka is 4.8% in the year 2021. When we talk about its population below the poverty line, therefore 4.1% Sri Lankan population lives below the poverty line.

When we talk about personal development in Sri Lanka, likewise we see that Human Development Index rate in Sri Lanka is 0.782 in the year 2020. This HDI rank in the world is 72nd. This HDI rate is considered high in the world compared to other South Asian countries.

The total Labour force in Sri Lanka is 8,031,230 in the year 2020. When we talk about its Labour force by occupation, therefore agriculture: 27%, industry: 27%, and services: 46% in the year 2020. The unemployment rate in Sri Lanka is 5.2% in the year 2020. Its Gross external debt is $52 billion in the year 2017. Its total Foreign reserves are $4.5 billion in the year 2021

Sri Lankan GDP

The total GDP of Sri Lanka is $84 billion (nominal) and $305 billion (PPP) in the year 2021. Its GDP rank is 113th (nominal) and 88th (PPP) in the year 2021. Sri Lankan GDP growth rate is 2.4% in the year 2019. Its GDP per capita is $3,680 (nominal) and $13,100 (PPP) in the year 2021. Its GDP per capita rank is 113th (nominal) and 94th (PPP) in the year 2019.

When we talk about its GDP by sector, similarly agriculture: 84%, industry: 26%, and services: 60% in the year 2020.

 Sri Lankan Exports

Its total exports of Sri Lanka is $13 billion in the year 2020. Its major export goods are textiles and its products, tea, electronics, rubber, fish, stones, etc. His main export partners are the United States and the United Kingdom. India, Germany, Italy, etc. 

Sri Lankan Imports

Their total imports are $15 billion in the year 2020. Its main import goods are fuels, minerals, petroleum, Vehicles, Plastics, etc. Its main import partners are China, India, United Arab Emirates, Singapore, and others.

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