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Economy of Central African Republic vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

The Central African Republic has a GDP of $2.75B compared to $99B for Sri Lanka, ranking 171/197 and 71/197 by economy size, respectively.

The Central African Republic has $1.67B in government debt (58.3% of GDP), compared to $98.4B (105.6% of GDP) in Sri Lanka.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Central African Republic
GDP, current $

GDP, constant 2015 $
Sri Lanka
GDP, current $

GDP, constant 2015 $
Year GDP
CAR Sri Lanka
Current $ Constant $ Current $ Constant $
1960 $112,155,598 $980,371,514 $1,409,873,950 -
1961 $123,134,583 $1,028,934,744 $1,444,327,731 $6,526,664,116
1962 $124,482,774 $990,722,164 $1,434,156,379 $6,775,853,428
1963 $129,379,124 $983,717,651 $1,240,672,269 $6,946,384,624
1964 $142,025,079 $1,004,182,172 $1,309,747,899 $7,217,740,543
1965 $150,574,795 $1,013,697,588 $1,698,319,328 $7,400,851,267
1966 $157,930,018 $1,020,233,745 $1,751,470,588 $7,772,654,452
1967 $163,820,514 $1,067,946,130 $1,859,465,021 $8,273,137,570
1968 $191,767,442 $1,082,941,303 $1,801,344,538 $8,753,070,071
1969 $188,039,210 $1,159,738,546 $1,965,546,218 $9,428,528,703
1970 $189,106,529 $1,186,793,864 $2,296,470,588 $9,791,209,303
1971 $201,450,800 $1,200,207,037 $2,369,308,600 $9,919,171,146
1972 $230,317,883 $1,200,196,629 $2,553,936,348 $9,878,454,941
1973 $271,183,082 $1,222,867,623 $2,875,625,000 $10,575,616,915
1974 $281,398,706 $1,300,385,612 $3,574,586,466 $10,982,337,251
1975 $378,660,016 $1,305,652,006 $3,791,298,146 $11,655,140,838
1976 $451,152,461 $1,376,581,800 $3,591,319,857 $12,043,852,220
1977 $507,298,148 $1,428,977,737 $4,104,509,583 $12,658,159,773
1978 $610,578,632 $1,446,257,442 $2,733,183,857 $13,373,831,476
1979 $700,764,748 $1,410,605,203 $3,364,611,432 $14,230,232,388
1980 $797,048,199 $1,347,429,290 $4,024,621,900 $15,062,135,547
1981 $694,803,623 $1,326,618,708 $4,415,844,156 $15,920,605,692
1982 $748,312,391 $1,428,977,737 $4,768,765,017 $16,579,956,893
1983 $658,679,333 $1,312,851,667 $5,167,913,302 $17,378,114,521
1984 $637,820,670 $1,437,332,673 $6,043,474,843 $18,264,250,049
1985 $864,849,836 $1,493,779,883 $5,978,460,972 $19,177,354,129
1986 $1,122,265,013 $1,547,227,017 $6,405,210,564 $20,012,632,786
1987 $1,200,991,978 $1,470,809,662 $6,682,167,120 $20,357,972,917
1988 $1,264,899,288 $1,495,962,938 $6,978,371,581 $20,861,361,467
1989 $1,233,930,281 $1,525,542,171 $6,987,267,684 $21,341,027,046
1990 $1,440,711,459 $1,492,780,725 $8,032,551,173 $22,706,851,776
1991 $1,377,374,987 $1,484,532,469 $9,000,362,582 $23,751,364,061
1992 $1,411,917,553 $1,389,164,943 $9,703,011,636 $24,796,422,002
1993 $1,278,781,262 $1,393,822,475 $10,338,679,636 $26,507,390,805
1994 $851,174,357 $1,462,119,071 $11,717,604,209 $27,991,783,146
1995 $1,115,389,674 $1,567,392,310 $13,029,697,561 $29,531,355,077
1996 $1,007,791,127 $1,504,695,161 $13,897,738,375 $30,653,536,886
1997 $937,741,513 $1,584,443,042 $15,091,913,884 $32,617,018,444
1998 $967,338,390 $1,658,914,120 $15,794,972,847 $34,149,503,956
1999 $999,477,511 $1,718,634,612 $15,656,327,860 $35,618,117,204
2000 $916,777,283 $1,675,850,365 $16,330,814,180 $37,755,216,046
2001 $932,648,605 $1,750,672,710 $15,749,753,805 $37,171,743,867
2002 $996,068,145 $1,813,986,527 $16,536,535,647 $38,645,482,957
2003 $1,142,315,523 $1,716,076,873 $18,881,765,437 $40,941,128,632
2004 $1,272,360,517 $1,818,953,694 $20,662,525,941 $43,170,398,174
2005 $1,337,894,379 $1,835,473,623 $24,405,791,045 $45,864,985,657
2006 $1,461,859,762 $1,923,045,638 $28,279,802,406 $49,382,046,638
2007 $1,699,811,295 $2,011,650,636 $32,350,238,760 $52,738,458,482
2008 $1,993,407,888 $2,052,972,574 $40,713,826,215 $55,876,443,248
2009 $2,067,381,665 $2,229,266,676 $42,066,224,093 $57,853,861,433
2010 $2,142,591,540 $2,332,499,968 $58,636,161,082 $62,491,408,088
2011 $2,437,982,705 $2,430,339,369 $67,753,284,044 $67,909,090,095
2012 $2,510,126,512 $2,553,162,919 $70,447,216,891 $73,771,125,926
2013 $1,691,544,110 $1,624,016,454 $77,000,578,167 $76,760,144,813
2014 $1,894,813,389 $1,625,333,053 $82,528,535,714 $81,655,890,647
2015 $1,695,825,714 $1,695,825,714 $85,090,301,052 $85,090,301,052
2016 $1,825,018,145 $1,776,382,809 $88,000,211,172 $89,390,445,685
2017 $2,072,349,973 $1,856,804,601 $94,369,350,286 $95,165,677,467
2018 $2,220,979,146 $1,927,167,164 $94,450,015,983 $97,364,084,799
2019 $2,221,301,351 $1,986,909,346 $88,998,706,297 $97,149,412,680
2020 $2,326,720,900 $2,004,791,530 $84,335,574,582 $92,656,723,482
2021 $2,516,498,412 $2,024,497,026 $88,556,698,938 $96,555,233,344
2022 $2,382,618,615 $2,033,686,257 $74,143,020,263 $89,459,202,881
2023 $2,555,492,086 $2,047,921,418 $83,716,142,582 $87,374,939,262
2024 $2,751,544,520 $2,079,451,881 $98,963,185,510 $91,751,304,717

Economic indicators

CAR Sri Lanka
Gross domestic product
$2.75B
2024
$99B
2024
GDP rank
171/197
2024
71/197
2024
GDP growth
7.67%
2023-2024
18.2%
2023-2024
GDP per capita
$516
2024
$4,516
2024
GDP per capita rank
194/197
2024
125/197
2024
GDP per capita, PPP
$1,264
2024
$15,633
2024
Government debt
$1.67B
2024
$98.4B
2024
Debt-to-GDP ratio
58.3%
2025
105.6%
2025
Government debt per person
$313
2024
$4,490
2024
Government debt per person rank
178/185
2024
86/185
2024
Average annual personal income after taxes
$1,261
2025
$2,982
2025
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10%
33.1%
2021
30.8%
2019
Income share by poorest 10%
2.1%
2021
3.1%
2019
Government expenditure, % of GDP
17.9%
2025
20.2%
2025
Consumer prices inflation
4.6%
2024-2025
-0.43%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
6.9%
2017
4.53%
2022
Population
5662456
22125995

GDP per capita in Central African Republic vs Sri Lanka

The Central African Republic's GDP per capita is $516, ranking 194/197, compared to $4,516 in Sri Lanka, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), the Central African Republic ranks 195th at $1,264, while Sri Lanka ranks 112th at $15,633.

Central African Republic
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
Year Current $
CAR Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $65.9 - $145.9 -
1961 $71 - $145.9 -
1962 $70.4 - $141.4 -
1963 $71.8 - $119.4 -
1964 $77.2 - $122.9 -
1965 $80.2 - $155.6 -
1966 $82.3 - $156.6 -
1967 $83.6 - $162.3 -
1968 $95.6 - $153.5 -
1969 $91.7 - $163.6 -
1970 $90.2 - $186.9 -
1971 $94.1 - $188.8 -
1972 $105.5 - $199.4 -
1973 $121.8 - $220.2 -
1974 $124 - $268.7 -
1975 $163.6 - $279.8 -
1976 $192.1 - $260.3 -
1977 $213.8 - $292.1 -
1978 $254.6 - $191 -
1979 $289.1 - $230.8 -
1980 $325 - $271.1 -
1981 $280.3 - $292.5 -
1982 $298.4 - $312 -
1983 $259.6 - $336 -
1984 $248.3 - $391 -
1985 $333 - $385 -
1986 $426 - $407 -
1987 $450 - $420 -
1988 $466 - $434 -
1989 $443 - $430 -
1990 $502 $620 $491 $2,527
1991 $465 $618 $546 $2,713
1992 $462 $573 $580 $2,851
1993 $405 $570 $607 $3,067
1994 $261.3 $592 $678 $3,260
1995 $333 $631 $742 $3,454
1996 $293.3 $601 $776 $3,582
1997 $265.5 $626 $827 $3,804
1998 $266.6 $645 $849 $3,952
1999 $268 $660 $826 $4,103
2000 $239.2 $640 $846 $4,368
2001 $238 $668 $804 $4,328
2002 $248.6 $688 $835 $4,522
2003 $278.4 $648 $946 $4,850
2004 $303 $690 $1,029 $5,216
2005 $312 $702 $1,207 $5,679
2006 $334 $743 $1,390 $6,261
2007 $381 $783 $1,579 $6,820
2008 $437 $798 $1,974 $7,317
2009 $456 $877 $2,027 $7,576
2010 $477 $936 $2,808 $8,234
2011 $534 $980 $3,225 $9,076
2012 $544 $1,062 $3,328 $10,249
2013 $364 $710 $3,741 $11,253
2014 $410 $699 $3,972 $11,721
2015 $366 $769 $4,058 $12,227
2016 $387 $826 $4,149 $13,079
2017 $432 $884 $4,399 $13,610
2018 $455 $906 $4,359 $14,178
2019 $449 $985 $4,082 $14,113
2020 $463 $1,066 $3,848 $12,941
2021 $492 $1,129 $3,997 $14,316
2022 $467 $1,218 $3,343 $14,194
2023 $496 $1,257 $3,799 $14,456
2024 $516 $1,264 $4,516 $15,633

Spending and national debt comparison

In 2024, the Central African Republic's government spending was $538M, accounting for 17.9% of its GDP, while Sri Lanka's spent $19.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 58.3% in the Central African Republic and 105.6% in Sri Lanka, ranking 87/185 and 18/185, respectively.

Central African Republic
Government spending

Government debt
Sri Lanka
Government spending

Government debt
Year % of GDP
CAR Sri Lanka
Government spending Government debt Government spending Government debt
1988 21.4% 48.8% - -
1989 19.6% 50.9% - -
1990 22% 44.6% 25.4% 78.9%
1991 22.6% 55.8% 26.4% 80.5%
1992 23.1% 57.4% 23% 77.9%
1993 20.6% 68.2% 23.2% 79.2%
1994 22.4% 103.4% 24.1% 77.9%
1995 20.6% 83.8% 24.8% 77.8%
1996 11.7% 93% 23.1% 76.2%
1997 14.5% 96.1% 21.4% 70.1%
1998 18.1% 85.3% 21.4% 74.2%
1999 18.2% 84.2% 20.5% 77.7%
2000 17.2% 94.7% 21.7% 79.2%
2001 14.1% 103.1% 22.4% 84.4%
2002 16.7% 98.5% 20.8% 96.3%
2003 12.3% 95.9% 19.3% 86.5%
2004 13.1% 99.7% 19.3% 86.5%
2005 16.2% 103% 20.1% 76.6%
2006 13.4% 46.7% 20.5% 74.3%
2007 12.9% 47.9% 19.9% 71.8%
2008 16% 35.8% 19.1% 68.8%
2009 16% 20.3% 21% 72.8%
2010 17.3% 19.9% 19.3% 68.7%
2011 14.2% 19.7% 19.1% 69.4%
2012 14.7% 31.5% 17.3% 67.5%
2013 13.4% 51.8% 16.6% 69.5%
2014 18% 62.2% 17.2% 69.6%
2015 14% 59.8% 19.3% 76.3%
2016 12.1% 53.9% 18.2% 75%
2017 13.9% 50.3% 17.9% 72.3%
2018 17.6% 50% 17.5% 83.6%
2019 16.9% 48.2% 19.5% 82.6%
2020 25.1% 44.4% 22.1% 96.9%
2021 19.7% 48.5% 20% 102.7%
2022 17.6% 51% 18.6% 115.9%
2023 18.1% 58.2% 19.5% 110.4%
2024 19.5% 60.7% 19.3% 99.4%
2025 17.9% 58.3% 20.2% 105.6%

Government deficit by year

In 2024, the Central African Republic's government deficit, the difference between spending and revenue, was -$137M, equivalent to -4.98% of GDP. This compares to Sri Lanka's deficit of -$5.58B, or -5.64% of GDP.

Over the past 35 years, the Central African Republic recorded a fiscal deficit in 30 of those years, while Sri Lanka ran a deficit in 35 years. On average, the Central African Republic posted an annual deficit equal to -2.33% of GDP, compared to deficit of -6.85% of GDP for Sri Lanka.

Deficit/surplus
Central African Republic

Sri Lanka
Year Deficit/surplus, % of GDP
CAR Sri Lanka
1988 -3.72% -
1989 -3.25% -
1990 -6.6% -6.39%
1991 -8% -7.97%
1992 -7.33% -4.95%
1993 -5.66% -5.77%
1994 -7.57% -7.41%
1995 -4.84% -7.11%
1996 -1.06% -6.89%
1997 -1.57% -5.71%
1998 0.001% -6.79%
1999 -0.5% -5.58%
2000 -2.01% -7.78%
2001 -0.88% -8.48%
2002 -1.19% -6.9%
2003 -3.06% -6.15%
2004 -1.74% -6.32%
2005 -4.37% -5.93%
2006 8.58% -5.91%
2007 1.04% -5.81%
2008 -1.23% -5.93%
2009 -0.54% -8.33%
2010 -1.35% -6.73%
2011 -2.15% -6.01%
2012 -0.78% -5.44%
2013 -2.3% -5%
2014 -3.26% -5.99%
2015 -0.59% -6.64%
2016 1.28% -5%
2017 -1.06% -5.1%
2018 -0.97% -4.96%
2019 1.42% -7.52%
2020 -3.36% -13.4%
2021 -6.02% -11.7%
2022 -5.34% -10.2%
2023 -3.59% -8.32%
2024 -4.98% -5.64%
2025 -1.62% -5.49%

Inflation comparison by year

Over the past 29 years, the Central African Republic has recorded an average annual inflation rate of 3.36%, compared with 9.57% in Sri Lanka. In 2024, inflation was 4.6% in the Central African Republic and -0.43% in Sri Lanka.

Inflation
Central African Republic

Sri Lanka
Year Inflation
CAR Sri Lanka CAR Sri Lanka
1996 3.8% 15.9%
1997 1.6% 9.57%
1998 -2% 9.36%
1999 -1.6% 4.69%
2000 3.4% 6.18%
2001 4.1% 14.2%
2002 2.3% 9.55%
2003 4.4% 6.31%
2004 -2.6% 7.58%
2005 2.9% 11.6%
2006 6.9% 10%
2007 0.9% 15.8%
2008 9.2% 22.6%
2009 3.6% 3.46%
2010 1.5% 6.22%
2011 1.2% 6.72%
2012 5.9% 7.54%
2013 4% 6.91%
2014 17.8% 3.18%
2015 1.4% 3.77%
2016 4.9% 3.96%
2017 4.2% 7.7%
2018 1.6% 2.14%
2019 2.8% 3.53%
2020 0.9% 6.15%
2021 4.3% 7.01%
2022 5.6% 49.7%
2023 3% 16.5%
2024 1.5% -0.43%
2025 4.6% -

Top exports between countries

CAR
Export category Export value
Metals $15.2M
Machinery & equipment $18K
Sri Lanka
Export category Export value
Machinery & equipment $1.02M
Wood & paper products $37K
Metals $1K
Processed food, beverages & tobacco $1K
Textiles & consumer goods $1K

Balance of trade

CAR Sri Lanka
Current account balance
-$24.7M
1994
$1.56B
2023
Current account balance ranking
78/189
1994
50/189
2023
Current account balance, % of GDP
-2.9%
1994
+1.86%
2023
Goods imports
$131M
1994
$16.8B
2023
Goods exports
$146M
1994
$11.9B
2023
Service imports
$114M
1994
$2.01B
2023
Service exports
$33.1M
1994
$5.42B
2023
Imports of goods and services, % of GDP
32.4%
2024
22.5%
2024
Exports of goods and services, % of GDP
15.5%
2024
19.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

CAR Sri Lanka
Economic freedom 42.8 49.4
Economic freedom ranking 184/197 164/197
Property rights 6.9 51.3
Government integrity 19.6 37.4
Judicial effectiveness 4 47.4
Tax burden 65.5 77.5
Government spending 89.8 88.8
Fiscal health 53.8 0
Business freedom 27.1 55.8
Labor freedom 48.3 54.6
Monetary freedom 72.8 54.5
Trade freedom 50.4 65
Investment freedom 45 30
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for the Central African Republic is 42.8, ranking 184/197, compared to 49.4 for Sri Lanka, ranking 164/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Central African Republic
Sri Lanka
Year Economic freedom index
CAR Sri Lanka
1995 - 60.6
1996 - 62.5
1997 - 65.5
1998 - 64.6
1999 - 64
2000 - 63.2
2001 - 66
2002 59.8 64
2003 60 62.5
2004 57.5 61.6
2005 56.5 61
2006 54.2 58.7
2007 50.6 59.4
2008 48.6 58.4
2009 48.3 56
2010 48.4 54.6
2011 49.3 57.1
2012 50.3 58.3
2013 50.4 60.7
2014 46.7 60
2015 45.9 58.6
2016 45.2 59.9
2017 51.8 57.4
2018 49.2 57.8
2019 49.1 56.4
2020 50.7 57.4
2021 48.8 55.7
2022 45.7 53.3
2023 43.8 52.2
2024 41.3 49.2
2025 42.8 49.4

More economic indicators

CAR Sri Lanka
Services, % of GDP
40.5%
2024
57.5%
2024
Industry, % of GDP
17.8%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
32.5%
2024
8.3%
2024
GNI, Atlas method
$2.75B
2024
$84.6B
2024
GNI per capita, PPP
$1,340
2024
$15,240
2024
Total reserves including gold
$480M
2023
$6.09B
2024
Total reserves ranking
158/177
2023
92/177
2024
Net foreign direct investment
$3.6M
1994
-$678M
2023
Net inflows of foreign direct investment
$40.4M
2024
$761M
2024
Net outflows of foreign direct investment
$1.29K
2002
$110M
2024
Servicing debt to the IMF, % of GNI
1.41%
2023
3.48%
2023
Poverty at national poverty lines
68.8%
2021
14.3%
2019
Gross capital formation, % of GDP
15.4%
2024
27%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.