Customs and other import duties in Sri Lanka
Sri Lanka: Customs and other import duties was 14.3% in 2023. ▼ Falling
Customs and other import duties in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
The most recent figure for customs and other import duties in Sri Lanka is 14.3%, measured in 2023.
Compared with earlier readings it is down 26.6% on the previous year and down 24.8% over ten years.
Over the whole period, customs and other import duties in Sri Lanka peaked at 29.6% in 2020 and was at its lowest, 8.9%, in 2010.
Sri Lanka ranks 31st of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Customs and other import duties in Sri Lanka, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 1990 | 27.4% | — |
| 1991 | 27.3% | -0.4% |
| 1992 | 27.3% | -0.2% |
| 1993 | 23.6% | -13.4% |
| 1994 | 22.7% | -3.8% |
| 1995 | 20.6% | -9.6% |
| 1996 | 19.6% | -4.9% |
| 1997 | 18.8% | -4.0% |
| 1998 | 19.1% | +1.8% |
| 1999 | 16.7% | -12.6% |
| 2000 | 13.1% | -21.3% |
| 2001 | 12.7% | -3.3% |
| 2002 | 12.8% | +0.4% |
| 2003 | 14.8% | +15.6% |
| 2004 | 14.6% | -1.1% |
| 2005 | 13.5% | -7.7% |
| 2006 | 12.3% | -8.8% |
| 2007 | 11.0% | -10.5% |
| 2008 | 10.9% | -0.9% |
| 2009 | 12.9% | +17.9% |
| 2010 | 8.9% | -31.1% |
| 2011 | 9.3% | +5.6% |
| 2012 | 23.8% | +155.0% |
| 2013 | 19.1% | -20.0% |
| 2014 | 18.9% | -0.9% |
| 2015 | 18.0% | -4.7% |
| 2016 | 24.7% | +37.1% |
| 2017 | 22.1% | -10.7% |
| 2018 | 19.8% | -10.2% |
| 2019 | 19.1% | -3.6% |
| 2020 | 29.6% | +54.9% |
| 2021 | 27.0% | -8.6% |
| 2022 | 19.5% | -27.7% |
| 2023 | 14.3% | -26.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.3% | 16.7% | 27.4% | 10 |
| 2000s | 12.8% | 10.9% | 14.8% | 10 |
| 2010s | 18.4% | 8.9% | 24.7% | 10 |
| 2020s | 22.6% | 14.3% | 29.6% | 4 |
Countries ranked near Sri Lanka
More public sector data for Sri Lanka
- Arms imports 9.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 9.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 60.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0134 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.37 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.33 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 80.83 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is customs and other import duties in Sri Lanka?
- Customs and other import duties in Sri Lanka was 14.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Sri Lanka?
- The highest recorded value was 29.6% in 2020.
- What is the lowest customs and other import duties recorded in Sri Lanka?
- The lowest recorded value was 8.9% in 2010.
- How does Sri Lanka rank for customs and other import duties?
- Sri Lanka ranks 31st out of 151 countries with data for 2023.
- Is customs and other import duties rising or falling in Sri Lanka?
- Over the last ten years it is down 24.8%. The long-run trend across the full record is falling.
- 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 Customs and other import duties (% of tax revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.