Skip to content

Economy of Sri Lanka vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Sri Lanka has a GDP of $99B compared to $552B for the United Arab Emirates, ranking 72/197 and 27/197 by economy size, respectively.

Sri Lanka has $99.8B in government debt (100.8% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Sri Lanka vs United Arab Emirates GDP by year

Sri Lanka
United Arab Emirates
1x
Year GDP, current $
Sri Lanka UAE
2024 $98,963,185,510 $552,324,846,835
2023 $83,716,142,582 $522,622,191,967
2022 $74,143,020,263 $511,403,403,676
2021 $88,556,698,938 $422,441,388,700
2020 $84,335,574,582 $357,161,878,829
2019 $88,998,706,297 $433,926,208,305
2018 $94,450,015,983 $440,560,108,918
2017 $94,369,350,286 $403,365,010,211
2016 $88,000,211,172 $381,717,086,453
2015 $85,090,301,052 $381,973,042,886
2014 $82,531,125,191 $424,935,874,745
2013 $76,976,203,829 $409,632,675,289
2012 $70,447,217,164 $392,793,464,942
2011 $67,753,285,897 $368,881,143,635
2010 $58,636,049,434 $307,736,419,333
2009 $42,066,224,093 $253,547,358,747
2008 $40,713,826,215 $315,474,615,739
2007 $32,350,238,760 $257,916,133,424
2006 $28,267,410,543 $222,116,541,865
2005 $24,405,791,045 $180,617,467,965
2004 $20,662,525,941 $147,824,370,320
2003 $18,881,765,437 $124,346,358,067
2002 $16,536,535,647 $109,816,201,498
2001 $15,749,753,805 $103,311,640,572
2000 $16,595,882,819 $104,337,372,362
1999 $15,711,933,513 $84,445,473,111
1998 $15,760,736,956 $75,674,336,283
1997 $15,091,913,884 $78,839,008,445
1996 $13,897,738,375 $73,571,233,996
1995 $13,029,697,561 $65,743,666,576
1994 $11,717,604,209 $59,305,093,980
1993 $10,338,679,636 $55,625,170,253
1992 $9,703,011,636 $54,239,171,888
1991 $9,000,362,582 $51,552,165,622
1990 $8,032,551,173 $50,701,443,748
1989 $6,987,267,684 $41,464,995,914
1988 $6,978,371,581 $36,275,674,203
1987 $6,682,167,120 $36,384,908,744
1986 $6,405,210,564 $33,943,612,095
1985 $5,978,460,972 $40,603,650,232
1984 $6,043,474,843 $41,807,954,236
1983 $5,167,913,302 $42,803,323,345
1982 $4,768,765,017 $46,622,718,605
1981 $4,415,844,156 $49,333,424,135
1980 $4,024,621,900 $43,599,160,050
1979 $3,364,611,432 $31,225,659,621
1978 $2,733,183,857 $23,775,764,225
1977 $4,104,509,583 $24,871,775,165
1976 $3,591,319,857 $19,213,158,779
1975 $3,791,298,146 $14,720,728,249
1974 $3,574,586,466 $11,651,505,689
1973 $2,875,625,000 $4,231,243,616
1972 $2,553,936,348 $1,415,086,929
1971 $2,369,308,600 $939,893,600
1970 $2,296,470,588 $685,986,701
1969 $1,965,546,218 -
1968 $1,801,344,538 -
1967 $1,859,465,021 -
1966 $1,751,470,588 -
1965 $1,698,319,328 -
1964 $1,309,747,899 -
1963 $1,240,672,269 -
1962 $1,434,156,379 -
1961 $1,444,327,731 -
1960 $1,409,873,950 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

GDP per capita in Sri Lanka vs United Arab Emirates by year

Sri Lanka
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sri Lanka UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,516 $15,633 $50,274 $79,229
2023 $3,799 $14,456 $49,851 $77,955
2022 $3,343 $14,194 $50,760 $75,072
2021 $3,997 $14,316 $44,119 $68,580
2020 $3,848 $12,941 $37,992 $66,791
2019 $4,082 $14,113 $45,939 $79,816
2018 $4,359 $14,178 $47,135 $77,446
2017 $4,399 $13,610 $43,734 $70,282
2016 $4,149 $13,079 $42,721 $69,987
2015 $4,058 $12,227 $44,910 $73,986
2014 $3,972 $11,721 $52,725 $87,478
2013 $3,739 $11,253 $53,247 $87,526
2012 $3,328 $10,249 $53,142 $89,198
2011 $3,225 $9,076 $51,922 $89,665
2010 $2,808 $8,234 $44,795 $85,120
2009 $2,027 $7,576 $37,803 $84,780
2008 $1,974 $7,317 $50,054 $94,628
2007 $1,579 $6,820 $45,855 $100,813
2006 $1,389 $6,261 $44,343 $106,814
2005 $1,207 $5,679 $38,719 $101,301
2004 $1,029 $5,216 $33,377 $98,661
2003 $946 $4,850 $29,660 $92,636
2002 $835 $4,522 $27,754 $88,467
2001 $804 $4,328 $27,745 $90,370
2000 $860 $4,368 $29,866 $92,899
1999 $829 $4,103 $25,856 $87,658
1998 $848 $3,952 $24,889 $90,229
1997 $827 $3,804 $27,983 $96,009
1996 $776 $3,582 $28,323 $94,620
1995 $742 $3,454 $27,003 $93,702
1994 $678 $3,260 $25,473 $89,959
1993 $607 $3,067 $25,033 $86,330
1992 $580 $2,851 $25,648 $87,509
1991 $546 $2,713 $25,691 $87,250
1990 $491 $2,527 $26,710 $88,455
1989 $430 - $23,167 -
1988 $434 - $21,570 -
1987 $420 - $23,113 -
1986 $407 - $23,132 -
1985 $385 - $29,468 -
1984 $391 - $32,012 -
1983 $336 - $34,650 -
1982 $312 - $39,972 -
1981 $292.5 - $44,854 -
1980 $271.1 - $42,925 -
1979 $230.8 - $34,238 -
1978 $191 - $29,379 -
1977 $292.1 - $35,020 -
1976 $260.3 - $31,197 -
1975 $279.8 - $27,117 -
1974 $268.7 - $23,823 -
1973 $220.2 - $9,696 -
1972 $199.4 - $3,675 -
1971 $188.8 - $2,805 -
1970 $186.9 - $2,394 -
1969 $163.6 - - -
1968 $153.5 - - -
1967 $162.3 - - -
1966 $156.6 - - -
1965 $155.6 - - -
1964 $122.9 - - -
1963 $119.4 - - -
1962 $141.4 - - -
1961 $145.9 - - -
1960 $145.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

Sri Lanka's GDP per capita is $4,516, ranking 124/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Sri Lanka ranks 111th at $15,633, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Sri Lanka UAE
Gross domestic product
$99B
2024
$552B
2024
GDP rank
72/197
2024
27/197
2024
GDP growth
5.01%
2023-2024
3.99%
2023-2024
GDP per capita
$4,516
2024
$50,274
2024
GDP per capita rank
124/197
2024
24/197
2024
GDP per capita, PPP
$15,633
2024
$79,229
2024
GDP per capita PPP rank
111/197
2024
16/197
2024
Government debt
$99.8B
2024
$193B
2024
Debt-to-GDP ratio
100.8%
2024
34.9%
2024
Government debt per person
$4,554
2024
$17,568
2024
Government debt per person rank
85/185
2024
36/185
2024
Average annual personal income after taxes
$2,874
2026
$40,522
2026
Market capitalization of domestic companies
$19.5B
2024
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
30.8%
2019
20.5%
2018
Income share by poorest 10%
3.1%
2019
2.8%
2018
Government expenditure, % of GDP
19.3%
2024
21.4%
2024
Consumer prices inflation
-0.43%
2023-2024
1.7%
2023-2024
Central bank interest rate
7.75%
2025
3.65%
2025
Unemployment rate
4.67%
2023
1.88%
2024
Population
22185425
11686438

Spending and national debt comparison by year

Sri Lanka
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Sri Lanka UAE
Government spending Government debt Government spending Government debt
2024 19.3% 100.8% 21.4% 34.9%
2023 19.5% 110.4% 22.7% 31.9%
2022 18.6% 115.9% 22.7% 31.5%
2021 20% 102.7% 25.9% 35.7%
2020 22.1% 96.9% 30.5% 30.1%
2019 19.5% 82.6% 27.4% 25.8%
2018 17.5% 83.6% 25.9% 20.7%
2017 17.9% 72.3% 27.2% 21.2%
2016 18.2% 75% 31.7% 18.6%
2015 19.3% 76.3% 26.4% 15.6%
2014 17.2% 69.6% 31.4% 13.5%
2013 16.6% 69.5% 28.9% 15.3%
2012 17.3% 67.5% 27.8% 20.2%
2011 19.1% 69.4% 29.6% 20.4%
2010 19.3% 68.7% 30.4% 18.3%
2009 21% 72.8% 35% 21.1%
2008 19.1% 68.8% 22% 8.95%
2007 19.9% 71.8% 17.7% 8.89%
2006 20.5% 74.3% 15.6% 5.05%
2005 20.1% 76.6% 15.7% 4.48%
2004 19.3% 86.5% 17.7% 4.08%
2003 19.3% 86.5% 20% 3.33%
2002 20.8% 96.3% 21.3% 3.43%
2001 22.4% 84.4% 25.2% 2.69%
2000 21.7% 79.2% 21.8% 3.12%
1999 20.5% 77.7% 24.3% 4.73%
1998 21.4% 74.2% 25.8% 4.18%
1997 21.4% 70.1% 22.6% 2.86%
1996 23.1% 76.2% 27.6% 3.48%
1995 24.8% 77.8% 26.1% 5.06%
1994 24.1% 77.9% 30.1% 5.58%
1993 23.2% 79.2% 31.5% 6.01%
1992 23% 77.9% 29.6% 5.31%
1991 26.4% 80.5% 36% 4.97%
1990 25.4% 78.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

In 2024, Sri Lanka's government spending was $19.1B, accounting for 19.3% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 100.8% in Sri Lanka and 34.9% in the United Arab Emirates, ranking 23/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Sri Lanka

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Sri Lanka UAE
2024 -5.64% 6.41%
2023 -8.32% 5.82%
2022 -10.2% 9.8%
2021 -11.7% 3.96%
2020 -13.4% -2.42%
2019 -7.52% 2.5%
2018 -4.96% 3.65%
2017 -5.1% -0.16%
2016 -5% -2.95%
2015 -6.64% -6.35%
2014 -5.99% 1.74%
2013 -5% 7.99%
2012 -5.44% 8.59%
2011 -6.01% 5.05%
2010 -6.73% 0.52%
2009 -8.33% -6.13%
2008 -5.93% 17.6%
2007 -5.81% 17.1%
2006 -5.91% 20.2%
2005 -5.93% 16%
2004 -6.32% 6.4%
2003 -6.15% 2.35%
2002 -6.9% -1.24%
2001 -8.48% 1.21%
2000 -7.78% 10.7%
1999 -5.58% 1.31%
1998 -6.79% 1%
1997 -5.71% 6.71%
1996 -6.89% 0.92%
1995 -7.11% 3.58%
1994 -7.41% -1.78%
1993 -5.77% -2.89%
1992 -4.95% 3.34%
1991 -7.97% 3.89%
1990 -6.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

In 2024, Sri Lanka's government deficit, the difference between spending and revenue, was $5.58B, equivalent to 5.64% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Sri Lanka recorded a fiscal deficit in 34 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Sri Lanka posted an annual deficit equal to 6.86% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Sri Lanka

United Arab Emirates
1x
Year Consumer prices inflation
Sri Lanka UAE
2024 -0.43% 1.7%
2023 16.5% 1.6%
2022 49.7% 4.8%
2021 7.01% -0.1%
2020 6.15% -2.1%
2019 3.53% -1.9%
2018 2.14% 3.1%
2017 7.7% 2%
2016 3.96% 1.6%
2015 3.77% 4.1%
2014 3.18% 2.3%
2013 6.91% 1.1%
2012 7.54% 0.7%
2011 6.72% 0.9%
2010 6.22% 0.9%
2009 3.46% -4.7%
2008 22.6% 12.3%
2007 15.8% 11.1%
2006 10% 9.3%
2005 11.6% 6.2%
2004 7.58% 5%
2003 6.31% 3.1%
2002 9.55% 2.9%
2001 14.2% 2.8%
2000 6.18% 1.3%
1999 4.69% 2.1%
1998 9.36% 2%
1997 9.57% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

Over the past 28 years, Sri Lanka has recorded an average annual inflation rate of 9.34%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was -0.43% in Sri Lanka and 1.7% in the United Arab Emirates.

Top exports between countries

Sri Lanka
Export category Export value
Raw agricultural goods $160M
Textiles & consumer goods $58.4M
Raw materials & minerals $44M
Processed food, beverages & tobacco $37.5M
Precious metals & jewellery $14.8M
Machinery & equipment $7.3M
Animal & marine products $4.71M
Weapons & explosives $3.71M
Wood & paper products $3.53M
Chemicals & pharma $3.04M
UAE
Export category Export value
Precious metals & jewellery $378M
Raw materials & minerals $83M
Metals $71.1M
Machinery & equipment $61.9M
Processed food, beverages & tobacco $41.5M
Chemicals & pharma $34M
Raw agricultural goods $32.5M
Textiles & consumer goods $28.6M
Wood & paper products $6.37M
Animal & marine products $6.04M

Balance of trade

Sri Lanka UAE
Current account balance
$1.21B
2024
$80B
2024
Current account balance ranking
53/190
2024
9/190
2024
Current account balance, % of GDP
+1.22%
2024
+14.5%
2024
Goods imports
$18.8B
2024
$400B
2024
Goods exports
$12.8B
2024
$467B
2024
Service imports
$3.48B
2024
$117B
2024
Service exports
$6.91B
2024
$181B
2024
Imports of goods and services, % of GDP
22.5%
2024
92.2%
2023
Exports of goods and services, % of GDP
19.9%
2024
106.8%
2023

Economic freedom indices

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

Sri Lanka UAE
Economic freedom 50.3 71.9
Economic freedom ranking 162/197 29/197
Property rights 47.3 62.9
Government integrity 37.3 65.3
Judicial effectiveness 47.2 34.4
Tax burden 77 99.9
Government spending 89 85.1
Fiscal health 0 97.6
Business freedom 60.1 84.5
Labor freedom 54.3 63.2
Monetary freedom 65.9 81.2
Trade freedom 65.6 78.6
Investment freedom 30 50
Financial freedom 30 60

Economic freedom comparison by year

Sri Lanka
United Arab Emirates
1x
Year Economic freedom index
Sri Lanka UAE
2026 50.3 71.9
2025 49.4 71.6
2024 49.2 71.1
2023 52.2 70.9
2022 53.3 70.2
2021 55.7 76.9
2020 57.4 76.2
2019 56.4 77.6
2018 57.8 77.6
2017 57.4 76.9
2016 59.9 72.6
2015 58.6 72.4
2014 60 71.4
2013 60.7 71.1
2012 58.3 69.3
2011 57.1 67.8
2010 54.6 67.3
2009 56 64.7
2008 58.4 62.6
2007 59.4 62.6
2006 58.7 62.2
2005 61 65.2
2004 61.6 67.2
2003 62.5 73.4
2002 64 73.6
2001 66 74.9
2000 63.2 74.2
1999 64 71.5
1998 64.6 72.2
1997 65.5 71.9
1996 62.5 71.6
1995 60.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

The Economic Freedom Index for Sri Lanka is 50.3, ranking 162/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sri Lanka UAE
Services, % of GDP
57.5%
2024
54.9%
2024
Industry, % of GDP
25.5%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
8.3%
2024
0.77%
2024
GNI, Atlas method
$84.6B
2024
$566B
2024
GNI per capita, PPP
$15,240
2024
$81,530
2024
Total reserves including gold
$6.09B
2024
$238B
2024
Total reserves ranking
92/177
2024
14/177
2024
Net foreign direct investment
-$651M
2024
$31.5B
2024
Net inflows of foreign direct investment
$761M
2024
$45.6B
2024
Net outflows of foreign direct investment
$110M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
4.98%
2024
n/a
Poverty at national poverty lines
14.3%
2019
19.5%
2020
Gross capital formation, % of GDP
27%
2024
26.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/sri-lanka/united-arab-emirates | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.