Disclosed are a retro-reflective sheet and a method for manufacturing the same. The retro-reflective sheet includes a first protective film, a first thermoplastic bonding layer, a first heat-resistant bonding layer, a colored layer, a light transmitting layer, a colored area allowing a portion of scattered light to be emitted to the outside through a first light condensing layer, a second protective film, a second thermoplastic bonding layer, a second heat-resistant bonding layer, a reflective layer, a reflective area reflecting light input through a second light condensing layer, and a base film.