Goods and services expense in Sri Lanka
Sri Lanka: Goods and services expense was 6.0% in 2023. ▼ Falling
Goods and services expense in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Sri Lanka recorded 6.0% for goods and services expense in 2023.
Compared with earlier readings it is up 26.1% on the previous year and down 28.9% over ten years.
Over the whole period, goods and services expense in Sri Lanka peaked at 23.4% in 1995 and was at its lowest, 4.8%, in 2022.
That places Sri Lanka 140th out of 154 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Goods and services expense in Sri Lanka, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 18.2% | — |
| 1991 | 18.8% | +3.4% |
| 1992 | 18.5% | -1.5% |
| 1993 | 16.8% | -9.2% |
| 1994 | 18.0% | +7.2% |
| 1995 | 23.4% | +29.7% |
| 1996 | 21.7% | -7.1% |
| 1997 | 19.3% | -11.3% |
| 1998 | 19.8% | +2.8% |
| 1999 | 16.9% | -14.6% |
| 2000 | 21.5% | +27.2% |
| 2001 | 19.6% | -8.9% |
| 2002 | 13.8% | -29.4% |
| 2003 | 12.6% | -9.2% |
| 2004 | 13.5% | +7.3% |
| 2005 | 11.4% | -15.7% |
| 2006 | 12.6% | +10.5% |
| 2007 | 10.9% | -12.8% |
| 2008 | 14.3% | +30.8% |
| 2009 | 10.7% | -25.2% |
| 2010 | 8.1% | -24.2% |
| 2011 | 9.7% | +19.8% |
| 2012 | 10.3% | +6.3% |
| 2013 | 8.5% | -17.9% |
| 2014 | 10.6% | +25.2% |
| 2015 | 10.7% | +0.4% |
| 2016 | 8.5% | -20.7% |
| 2017 | 7.6% | -9.9% |
| 2018 | 7.7% | +0.6% |
| 2019 | 8.2% | +6.9% |
| 2020 | 6.0% | -26.4% |
| 2021 | 5.5% | -8.3% |
| 2022 | 4.8% | -13.6% |
| 2023 | 6.0% | +26.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.1% | 16.8% | 23.4% | 10 |
| 2000s | 14.1% | 10.7% | 21.5% | 10 |
| 2010s | 9.0% | 7.6% | 10.7% | 10 |
| 2020s | 5.6% | 4.8% | 6.0% | 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 goods and services expense in Sri Lanka?
- Goods and services expense in Sri Lanka was 6.0% 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 23.4% in 1995.
- What is the lowest goods and services expense recorded in Sri Lanka?
- The lowest recorded value was 4.8% in 2022.
- How does Sri Lanka rank for goods and services expense?
- Sri Lanka ranks 140th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Sri Lanka?
- Over the last ten years it is down 28.9%. 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 Goods and services expense (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.