Sri Lanka's GDP in 2023 is dominated by the services sector at 34.79%, indicating a steady growth focus over recent years. Mining, manufacturing, and utilities contribute 20.99%, reflecting a stable industrial backbone. Transport, storage, and communication represent 14.04%, hinting at moderate growth in infrastructure. The wholesale, retail trade, restaurants, and hotels sector stands at 13.37%, showing resilience amidst economic shifts. Construction makes up 8.6%, while agriculture, hunting, forestry, and fishing contribute 8.21%, both sectors stress the need for sustainable investment and innovation.
Future trends to watch for:
- Potential growth in the services sector driven by IT and tourism revival.
- Investment in manufacturing and renewable energy could impact the industrial sector.
- Infrastructure improvements to bolster transport and communication.
- Focus on sustainable agriculture practices and technology integration.
- Urbanization trends increasing construction sector activities.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 34.79 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 20.99 | 2016 | |
| 3 | 3 Transport, storage and communication | 14.04 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 13.37 | 2016 | |
| 5 | 5 Construction | 8.6 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 8.21 | 2016 |
