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Has Sri Lanka’s per capita income really crossed $5,000?

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Sri Lanka's economy and per capita income

In a notable economic development, Sri Lanka’s per capita income has exceeded $5,000 for the first time in 2025, marking a significant achievement for the country.

According to a report cited by Xinhua, based on data from Sri Lanka’s central bank, the country reached this milestone after steady economic improvement over the past year.

The central bank’s annual report shows that Sri Lanka’s economy grew by 5% in 2025, reflecting a strong recovery compared to recent years. The country’s gross domestic product (GDP) rose to 32.75 trillion rupees (around $105 billion), up from 30.1 trillion rupees in 2024.

Additionally, government revenue also improved, reaching 16.7% of GDP, indicating better fiscal performance and economic management.

This progress signals a gradual stabilization of Sri Lanka’s economy and highlights a positive turnaround after facing severe financial challenges in previous years.

Sri Lanka, with a population of 22,181,000, is ranked 57th in the world, just behind Mali. Located in South Asia, it covers 65,610 square kilometers, ranking 117th globally, just below Georgia.

Sri Lanka’s economic position in 2022 showed a GDP of $74,403,578,363.43, ranking 75th globally. It was closely behind Tanzania, which had a GDP of $75,732,311,666.04. The GDP per capita for Sri Lanka in 2022 was $3,354.38, placing it at the 130th position worldwide.

Also Read: Why does the UAE want a currency swap with the US ?

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