Sri Lanka: Growth of exports
* indicates monthly or quarterly data series
| Sri Lanka |
Exports of goods and services, annual growth |
|---|---|
| Latest value | 12.50 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1961 - 2024 |
| Average | 3.82 |
| Min - Max | -29.56 - 20.04 |
| Source | The World Bank |
The latest value from 2024 is 12.5 percent, a decline from 13.21 percent in 2023. In comparison, the world average is 4.01 percent, based on data from 128 countries. Historically, the average for Sri Lanka from 1961 to 2024 is 3.82 percent. The minimum value, -29.56 percent, was reached in 2020 while the maximum of 20.04 percent was recorded in 1975.
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* indicates monthly or quarterly data series
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Definition: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 85.60 | 2023 | percent |
| Trade openness | 42.40 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 19.89 | 2024 | percent |
| Exports, billion dollars | 19.68 | 2024 | billion U.S. dollars |
| Growth of exports | 12.50 | 2024 | percent |
| Imports, percent of GDP | 22.51 | 2024 | percent |
| Imports, billion dollars | 22.28 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.85 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.76 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 8.09 | 2023 | million dollars (current) |
| Current account, percent of GDP | 1.80 | 2023 | percent |
| Trade balance, percent of GDP | -2.62 | 2024 | percent |
| Trade balance, in dollars | -1.50 | 2023 | billion U.S. dollars |
| Reserves | 6.09 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 6.40 | 2023 | percent |
| Remittances | 6,022.59 | 2023 | million U.S. dollars |
| Net errors and omissions | -318.46 | 2023 | million USD |
| External debt | 75.60 | 2023 | percent |
| Short-term external debt | 11.75 | 2023 | percent |
| Short-term debt to reserves | 164.57 | 2023 | percent |