Charts & Stats

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
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Sri Lanka Industry (including construction), value added (constant LCU) — full underlying data
LabelIndustry (including construction), value added (constant LCU)
20143379387459700 constant LCU
20153416358054800 constant LCU
20163670105665400 constant LCU
20174145812652000 constant LCU
20184101466942400 constant LCU
20193933728018600 constant LCU
20203724566037900 constant LCU
20213937895354200 constant LCU
20223308573430583.7 constant LCU
20233002981097243.21 constant LCU

Data Source: World Bank and Wantstats Repository

Wantstats

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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Joseph Aguayo
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Bong Lau

Sales Leader, Bamberg

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Account and Business Manager, EFS-Holland BV

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Younghwan Choi

Senior Retail Manager, LG Chem

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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.