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Sri Lanka Industry (including construction), value added (constant LCU)
What is Sri Lanka's industry (including construction), value added (constant lcu)? As of 2023, it's 3T constant LCU, down from 3.4T constant LCU in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Industry (including construction), value added (constant LCU) |
|---|---|
| 2014 | 3379387459700 constant LCU |
| 2015 | 3416358054800 constant LCU |
| 2016 | 3670105665400 constant LCU |
| 2017 | 4145812652000 constant LCU |
| 2018 | 4101466942400 constant LCU |
| 2019 | 3933728018600 constant LCU |
| 2020 | 3724566037900 constant LCU |
| 2021 | 3937895354200 constant LCU |
| 2022 | 3308573430583.7 constant LCU |
| 2023 | 3002981097243.21 constant LCU |
Data Source: World Bank and Wantstats Repository
Sri Lanka Industry (including construction), value added (constant LCU): Key Points
- Measured in 2023, Sri Lanka's industry (including construction), value added sits at 3002.98B constant LCU. The series opened at 3379.39B constant LCU in 2014, making the full move a 11% fall.
- 2016-2017: climbs to 4145.81B constant LCU (+21%).
- 2019-2020: keeps falling, down to 3724.57B constant LCU (-9%).
- 2021: up to 3937.90B constant LCU (+6%).
- 2022-2023: erodes to 3002.98B constant LCU (-24%).
- By 2023, the series lands at 3002.98B constant LCU — 11.1% lower than its 2014 starting point.
Making Sense Of The Swings
Don't anchor on the most recent year. With this much back-and-forth, the latest reading is one data point among several similarly-weighted ones, not the start of a new trend.
2022 stands out sharply — 16% in one year is well outside what the rest of the series does. Worth a quick check for whether something specific happened that year, rather than taking the number at face value.
Read this as one data point in a bigger comparison, not a verdict on its own. Sri Lanka's industry (including construction), value added figure only tells a real story once it's set next to comparable countries or regions tracking the same thing.
This kind of indicator is almost never measured continuously — it's estimated from periodic data collection, published and later revised by Sri Lanka's statistical authority. Direction is the reliable part; individual years less so.
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.