Sri Lanka records 4.8-pct GDP growth rate for 1Q 2025

Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the GDP growth rate for the first quarter of 2025 has been estimated as 4.8 percent of positive growth rate.

Accordingly, the Gross Domestic Product for Sri Lanka for the first quarter of the year 2025 at constant price (2015) has increased up to Rs 3,477,088 million from Rs. 3,318,769 million which was recorded in the first quarter of 2024. The following Figure 1 reflects the changes in the real GDP levels in the first quarter GDP series from 2018 to 2025.

In addition, the Gross Domestic Product for Sri Lanka for the first quarter of 2025 at current price has increased up to Rs. 8,274,915 million from Rs. 7,920,616 million which recorded in the same quarter in 2024 registering a 4.5 percent of positive change in the current price GDP.

The three major economic activities of the economy; ‘Agriculture’, ‘Industry’ and ‘Services’ stood 7.6 percent, 26.7 percent and 57.4 percent respectively as their shares to the Gross Domestic Product(GDP) of the economy and ‘Taxes less subsidies on products’ accounted for a share of 8.3 percent of the GDP in the first quarter of 2025.

In the first quarter of 2025, agricultural activities reported a decline of 0.7 percent, however, the Industrial and Services activities expanded by 9.7 percent and 2.8 percent respectively. While taxes less subsidies on products grew by 8.3 percent.