Business · Sri Lanka Bureau
Sri Lanka targets digital economy to reach 12% of GDP by 2030
Sri Lanka has set an ambitious goal to expand its digital economy sector to represent 12 percent of gross domestic product within the next six years. The target represents a significant push to modernize the country's economic structure and boost growth through technology-driven industries.
LSN Sri Lanka ·
Sri Lanka's government is focusing on digital transformation as a key pillar of its economic recovery and long-term growth strategy, with plans to substantially increase the sector's contribution to national output by 2030.
The 12 percent GDP target reflects a recognition among policymakers that digital industries—including information technology services, e-commerce, digital content creation, and technology-enabled businesses—offer significant potential for job creation and foreign exchange earnings.
Achieving this goal will require coordinated efforts across multiple fronts, including infrastructure development, workforce skills training, and regulatory reforms to support digital entrepreneurship and attract technology investments to the island nation.
The initiative comes as Sri Lanka seeks to diversify its economy beyond traditional sectors and position itself as a competitive digital hub in South Asia, building on existing strengths in IT services and business process outsourcing.
Photo: The Colombo skyline at night, with the Lotus Tower at right, December 2024. Gihanud2001 via Wikimedia Commons (CC0).