Interest payments in Sri Lanka
Sri Lanka: Interest payments was 79.9% in 2023. ▲ Rising
Interest payments in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Sri Lanka recorded 79.9% for interest payments in 2023. That is the highest value across all 34 years on record.
That represents a change of up 2.7% on the previous year and up 107.5% over ten years.
Over the whole period, interest payments in Sri Lanka peaked at 79.9% in 2023 and was at its lowest, 26.2%, in 1991.
That places Sri Lanka 1st out of 155 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
Interest payments in Sri Lanka, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 27.8% | — |
| 1991 | 26.2% | -5.8% |
| 1992 | 27.6% | +5.3% |
| 1993 | 27.2% | -1.5% |
| 1994 | 32.1% | +18.3% |
| 1995 | 26.3% | -18.1% |
| 1996 | 31.8% | +20.7% |
| 1997 | 32.1% | +1.0% |
| 1998 | 30.1% | -6.1% |
| 1999 | 30.7% | +1.7% |
| 2000 | 32.9% | +7.3% |
| 2001 | 39.3% | +19.6% |
| 2002 | 43.6% | +10.9% |
| 2003 | 44.0% | +0.9% |
| 2004 | 37.4% | -15.0% |
| 2005 | 29.1% | -22.1% |
| 2006 | 29.7% | +2.1% |
| 2007 | 30.7% | +3.2% |
| 2008 | 31.0% | +0.8% |
| 2009 | 42.7% | +37.9% |
| 2010 | 42.3% | -1.0% |
| 2011 | 37.6% | -11.1% |
| 2012 | 38.3% | +1.9% |
| 2013 | 38.5% | +0.5% |
| 2014 | 36.8% | -4.5% |
| 2015 | 34.9% | -5.1% |
| 2016 | 36.1% | +3.4% |
| 2017 | 40.0% | +10.8% |
| 2018 | 44.1% | +10.3% |
| 2019 | 47.5% | +7.6% |
| 2020 | 71.4% | +50.4% |
| 2021 | 71.6% | +0.3% |
| 2022 | 77.8% | +8.6% |
| 2023 | 79.9% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.2% | 26.2% | 32.1% | 10 |
| 2000s | 36.1% | 29.1% | 44.0% | 10 |
| 2010s | 39.6% | 34.9% | 47.5% | 10 |
| 2020s | 75.2% | 71.4% | 79.9% | 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 interest payments in Sri Lanka?
- Interest payments in Sri Lanka was 79.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Sri Lanka?
- The highest recorded value was 79.9% in 2023.
- What is the lowest interest payments recorded in Sri Lanka?
- The lowest recorded value was 26.2% in 1991.
- How does Sri Lanka rank for interest payments?
- Sri Lanka ranks 1st out of 155 countries with data for 2023.
- Is interest payments rising or falling in Sri Lanka?
- Over the last ten years it is up 107.5%. The long-run trend across the full record is rising.
- 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 Interest payments (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.