Sri Lanka Posts 4.8% Growth in Q1 2025

COLOMBO (News 1st); Sri Lanka’s economy expanded by 4.8% in the first quarter of 2025, according to the latest National Accounts Estimates released by the Central Bank.

While slightly lower than the 5.1% growth recorded in Q1 2024, the data reflects continued resilience amid global economic headwinds.

The report attributes the growth primarily to strong performances in the Industry and Services sectors.

Manufacturing emerged as the top contributor, adding 1.67 percentage points to overall growth, followed by Construction (+0.69%), Financial Services (+0.50%), and Accommodation (+0.35%).

However, the Agriculture sector contracted by 0.7%, reversing its modest 0.9% growth from the same period last year. The Services sector showed a slight improvement, rising from 2.5% to 2.8%, while Industry saw a marginal dip from 11.2% to 9.7%.

A sectoral breakdown showing Services as the dominant contributor to GDP, followed by Industry, Agriculture, and Taxes less subsidies.

Also Read: https://www.statistics.gov.lk/NationalAccounts/StaticalInformation/Reports/press_note_2025q1_en