Goods and services expense (current LCU) in Sri Lanka
Sri Lanka: Goods and services expense (current LCU) was 299.70 billion current LCU in 2023. ◆ Volatile
Goods and services expense 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 299.70 billion current LCU for goods and services expense in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 65.3% on the previous year and up 151.0% over ten years.
Over the whole period, goods and services expense in Sri Lanka peaked at 299.70 billion current LCU in 2023 and was at its lowest, 14.42 billion current LCU, in 1990.
That places Sri Lanka 44th out of 155 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 14.42 billion current LCU | — |
| 1991 | 17.86 billion current LCU | +23.9% |
| 1992 | 18.90 billion current LCU | +5.8% |
| 1993 | 19.20 billion current LCU | +1.6% |
| 1994 | 25.39 billion current LCU | +32.2% |
| 1995 | 40.54 billion current LCU | +59.7% |
| 1996 | 41.67 billion current LCU | +2.8% |
| 1997 | 39.16 billion current LCU | -6.0% |
| 1998 | 43.89 billion current LCU | +12.1% |
| 1999 | 39.69 billion current LCU | -9.6% |
| 2000 | 62.22 billion current LCU | +56.8% |
| 2001 | 65.69 billion current LCU | +5.6% |
| 2002 | 50.12 billion current LCU | -23.7% |
| 2003 | 46.88 billion current LCU | -6.5% |
| 2004 | 58.34 billion current LCU | +24.5% |
| 2005 | 56.26 billion current LCU | -3.6% |
| 2006 | 77.99 billion current LCU | +38.6% |
| 2007 | 78.47 billion current LCU | +0.6% |
| 2008 | 121.25 billion current LCU | +54.5% |
| 2009 | 108.50 billion current LCU | -10.5% |
| 2010 | 87.73 billion current LCU | -19.1% |
| 2011 | 113.53 billion current LCU | +29.4% |
| 2012 | 140.09 billion current LCU | +23.4% |
| 2013 | 119.40 billion current LCU | -14.8% |
| 2014 | 162.65 billion current LCU | +36.2% |
| 2015 | 210.83 billion current LCU | +29.6% |
| 2016 | 169.78 billion current LCU | -19.5% |
| 2017 | 168.07 billion current LCU | -1.0% |
| 2018 | 179.96 billion current LCU | +7.1% |
| 2019 | 207.94 billion current LCU | +15.6% |
| 2020 | 180.19 billion current LCU | -13.3% |
| 2021 | 170.35 billion current LCU | -5.5% |
| 2022 | 181.31 billion current LCU | +6.4% |
| 2023 | 299.70 billion current LCU | +65.3% |
Sri Lanka compared with similar countries
- Sri Lanka's 299.70 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 7.8× the median. (46 countries reporting)
- Sri Lanka's 299.70 billion current LCU is above the median for South Asia, which is 175.05 billion current LCU, 1.7× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.07 billion current LCU | 14.42 billion current LCU | 43.89 billion current LCU | 10 |
| 2000s | 72.57 billion current LCU | 46.88 billion current LCU | 121.25 billion current LCU | 10 |
| 2010s | 156.00 billion current LCU | 87.73 billion current LCU | 210.83 billion current LCU | 10 |
| 2020s | 207.89 billion current LCU | 170.35 billion current LCU | 299.70 billion current LCU | 4 |
Countries ranked near Sri Lanka
- 41 Burkina Faso 313.60 billion current LCU compare
- 42 Saudi Arabia 313.02 billion current LCU compare
- 43 Iceland 300.99 billion current LCU compare
- 45 Afghanistan 276.17 billion current LCU compare
- 46 Dominican Republic 260.06 billion current LCU compare
- 47 Equatorial Guinea 239.40 billion current LCU compare
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 goods and services expense in Sri Lanka?
- Goods and services expense in Sri Lanka was 299.70 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Sri Lanka?
- The highest recorded value was 299.70 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Sri Lanka?
- The lowest recorded value was 14.42 billion current LCU in 1990.
- How does Sri Lanka rank for goods and services expense?
- Sri Lanka ranks 44th out of 155 countries with data for 2023.
- Is goods and services expense rising or falling in Sri Lanka?
- Over the last ten years it is up 151.0%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.