Industrial Production in Sri Lanka
Sri Lanka recorded average industrial production growth of 0.4% in the decade to 2022, below the 4.1% average for the Asia-Pacific region. In 2022, industrial production growth was -12.1%. For more industry information, visit our dedicated page.
Sri Lanka Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Sri Lanka from 2014 to 2021.
Source: Macrobond.
Sri Lanka Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.3 | -10.2 | 7.3 | -12.1 | -3.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Sri Lankan industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Sri Lankan industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Sri Lankan industry projections.
Want to get access to the full dataset of Sri Lankan industry forecasts? Send an email to info@focus-economics.com.