Net incurrence of liabilities, total (current LCU) in Sri Lanka
Sri Lanka: Net incurrence of liabilities, total (current LCU) was 2.77 trillion current LCU in 2023. ◆ Volatile
Net incurrence of liabilities, total in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, net incurrence of liabilities, total in Sri Lanka stood at 2.77 trillion current LCU. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 11.5% on the previous year and up 437.3% over ten years.
Over the whole period, net incurrence of liabilities, total in Sri Lanka peaked at 2.77 trillion current LCU in 2023 and was at its lowest, 16.99 billion current LCU, in 1992.
Sri Lanka ranks 16th of 136 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 29.86 billion current LCU | — |
| 1991 | 39.54 billion current LCU | +32.4% |
| 1992 | 16.99 billion current LCU | -57.0% |
| 1993 | 28.45 billion current LCU | +67.5% |
| 1994 | 53.47 billion current LCU | +88.0% |
| 1995 | 55.62 billion current LCU | +4.0% |
| 1996 | 61.41 billion current LCU | +10.4% |
| 1997 | 44.03 billion current LCU | -28.3% |
| 1998 | 76.46 billion current LCU | +73.7% |
| 1999 | 76.74 billion current LCU | +0.4% |
| 2000 | 120.17 billion current LCU | +56.6% |
| 2001 | 152.43 billion current LCU | +26.8% |
| 2002 | 112.43 billion current LCU | -26.2% |
| 2003 | 125.00 billion current LCU | +11.2% |
| 2004 | 157.63 billion current LCU | +26.1% |
| 2005 | 179.03 billion current LCU | +13.6% |
| 2006 | 212.56 billion current LCU | +18.7% |
| 2007 | 251.43 billion current LCU | +18.3% |
| 2008 | 297.98 billion current LCU | +18.5% |
| 2009 | 477.53 billion current LCU | +60.3% |
| 2010 | 460.45 billion current LCU | -3.6% |
| 2011 | 472.29 billion current LCU | +2.6% |
| 2012 | 484.36 billion current LCU | +2.6% |
| 2013 | 516.09 billion current LCU | +6.6% |
| 2014 | 604.92 billion current LCU | +17.2% |
| 2015 | 833.91 billion current LCU | +37.9% |
| 2016 | 631.94 billion current LCU | -24.2% |
| 2017 | 752.37 billion current LCU | +19.1% |
| 2018 | 806.71 billion current LCU | +7.2% |
| 2019 | 1.01 trillion current LCU | +25.4% |
| 2020 | 1.67 trillion current LCU | +64.9% |
| 2021 | 2.10 trillion current LCU | +25.8% |
| 2022 | 2.49 trillion current LCU | +18.6% |
| 2023 | 2.77 trillion current LCU | +11.5% |
Sri Lanka compared with similar countries
- Sri Lanka's 2.77 trillion current LCU is above the median for upper middle income countries, which is 48.87 billion current LCU, 56.7× the median. (47 countries reporting)
- Sri Lanka's 2.77 trillion current LCU is above the median for South Asia, which is 907.86 billion current LCU, 3.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.25 billion current LCU | 16.99 billion current LCU | 76.74 billion current LCU | 10 |
| 2000s | 208.62 billion current LCU | 112.43 billion current LCU | 477.53 billion current LCU | 10 |
| 2010s | 657.44 billion current LCU | 460.45 billion current LCU | 1.01 trillion current LCU | 10 |
| 2020s | 2.26 trillion current LCU | 1.67 trillion current LCU | 2.77 trillion 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)
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- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- 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)
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Frequently asked questions
- What is net incurrence of liabilities, total in Sri Lanka?
- Net incurrence of liabilities, total in Sri Lanka was 2.77 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Sri Lanka?
- The highest recorded value was 2.77 trillion current LCU in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Sri Lanka?
- The lowest recorded value was 16.99 billion current LCU in 1992.
- How does Sri Lanka rank for net incurrence of liabilities, total?
- Sri Lanka ranks 16th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Sri Lanka?
- Over the last ten years it is up 437.3%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.