Compensation of employees (current LCU) in Sri Lanka
Sri Lanka: Compensation of employees (current LCU) was 939.50 billion current LCU in 2023. ◆ Volatile
Compensation of employees in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Sri Lanka recorded 939.50 billion current LCU for compensation of employees in 2023.
The figure is down 1.7% on the previous year and up 138.9% over ten years.
Over the whole period, compensation of employees in Sri Lanka peaked at 956.21 billion current LCU in 2022 and was at its lowest, 15.75 billion current LCU, in 1990.
That places Sri Lanka 34th out of 156 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 15.75 billion current LCU | — |
| 1991 | 17.98 billion current LCU | +14.2% |
| 1992 | 20.79 billion current LCU | +15.6% |
| 1993 | 25.97 billion current LCU | +24.9% |
| 1994 | 29.31 billion current LCU | +12.9% |
| 1995 | 34.91 billion current LCU | +19.1% |
| 1996 | 38.33 billion current LCU | +9.8% |
| 1997 | 44.68 billion current LCU | +16.6% |
| 1998 | 53.88 billion current LCU | +20.6% |
| 1999 | 58.53 billion current LCU | +8.6% |
| 2000 | 68.54 billion current LCU | +17.1% |
| 2001 | 78.06 billion current LCU | +13.9% |
| 2002 | 88.80 billion current LCU | +13.8% |
| 2003 | 91.78 billion current LCU | +3.4% |
| 2004 | 106.19 billion current LCU | +15.7% |
| 2005 | 138.60 billion current LCU | +30.5% |
| 2006 | 175.03 billion current LCU | +26.3% |
| 2007 | 214.16 billion current LCU | +22.4% |
| 2008 | 239.08 billion current LCU | +11.6% |
| 2009 | 271.23 billion current LCU | +13.4% |
| 2010 | 300.56 billion current LCU | +10.8% |
| 2011 | 319.60 billion current LCU | +6.3% |
| 2012 | 347.75 billion current LCU | +8.8% |
| 2013 | 393.23 billion current LCU | +13.1% |
| 2014 | 440.98 billion current LCU | +12.1% |
| 2015 | 561.73 billion current LCU | +27.4% |
| 2016 | 576.47 billion current LCU | +2.6% |
| 2017 | 588.52 billion current LCU | +2.1% |
| 2018 | 626.04 billion current LCU | +6.4% |
| 2019 | 686.45 billion current LCU | +9.6% |
| 2020 | 794.16 billion current LCU | +15.7% |
| 2021 | 845.68 billion current LCU | +6.5% |
| 2022 | 956.21 billion current LCU | +13.1% |
| 2023 | 939.50 billion current LCU | -1.7% |
Sri Lanka compared with similar countries
- Sri Lanka's 939.50 billion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 9.8× the median. (47 countries reporting)
- Sri Lanka's 939.50 billion current LCU is above the median for South Asia, which is 377.40 billion current LCU, 2.5× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.01 billion current LCU | 15.75 billion current LCU | 58.53 billion current LCU | 10 |
| 2000s | 147.15 billion current LCU | 68.54 billion current LCU | 271.23 billion current LCU | 10 |
| 2010s | 484.13 billion current LCU | 300.56 billion current LCU | 686.45 billion current LCU | 10 |
| 2020s | 883.89 billion current LCU | 794.16 billion current LCU | 956.21 billion current LCU | 4 |
Countries ranked near Sri Lanka
More public sector data for Sri Lanka
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 11.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.4107 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 80 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Sri Lanka?
- Compensation of employees in Sri Lanka was 939.50 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Sri Lanka?
- The highest recorded value was 956.21 billion current LCU in 2022.
- What is the lowest compensation of employees recorded in Sri Lanka?
- The lowest recorded value was 15.75 billion current LCU in 1990.
- How does Sri Lanka rank for compensation of employees?
- Sri Lanka ranks 34th out of 156 countries with data for 2023.
- Is compensation of employees rising or falling in Sri Lanka?
- Over the last ten years it is up 138.9%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.