Net incurrence of liabilities, total (% of GDP) in Sri Lanka
Sri Lanka: Net incurrence of liabilities, total (% of GDP) was 10.1% in 2023. ▬ Flat
Net incurrence of liabilities, total in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net incurrence of liabilities, total in Sri Lanka stood at 10.1%.
That represents a change of down 2.6% on the previous year and up 93.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Sri Lanka peaked at 11.9% in 2021 and was at its lowest, 4.0%, in 1992.
That places Sri Lanka 8th out of 136 countries with data for 2023, putting it in the top 10%.
Net incurrence of liabilities, total (% of GDP) in Sri Lanka, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 9.3% | — |
| 1991 | 10.6% | +14.4% |
| 1992 | 4.0% | -62.4% |
| 1993 | 5.7% | +42.6% |
| 1994 | 9.2% | +62.1% |
| 1995 | 8.3% | -9.8% |
| 1996 | 8.0% | -4.0% |
| 1997 | 4.9% | -38.1% |
| 1998 | 7.5% | +51.9% |
| 1999 | 6.9% | -7.6% |
| 2000 | 9.6% | +37.7% |
| 2001 | 10.8% | +13.3% |
| 2002 | 7.1% | -34.4% |
| 2003 | 6.9% | -3.5% |
| 2004 | 7.5% | +9.9% |
| 2005 | 7.3% | -3.2% |
| 2006 | 7.2% | -0.9% |
| 2007 | 7.0% | -2.9% |
| 2008 | 6.8% | -3.8% |
| 2009 | 9.9% | +46.2% |
| 2010 | 6.9% | -29.7% |
| 2011 | 6.3% | -9.2% |
| 2012 | 5.4% | -14.5% |
| 2013 | 5.2% | -3.6% |
| 2014 | 5.6% | +8.1% |
| 2015 | 7.2% | +28.4% |
| 2016 | 4.9% | -31.6% |
| 2017 | 5.2% | +6.0% |
| 2018 | 5.3% | +0.5% |
| 2019 | 6.4% | +21.0% |
| 2020 | 10.7% | +67.7% |
| 2021 | 11.9% | +11.7% |
| 2022 | 10.3% | -13.2% |
| 2023 | 10.1% | -2.6% |
Sri Lanka compared with similar countries
- Sri Lanka's 10.1% is above the median for upper middle income countries, which is 2.9%, 3.5× the median. (47 countries reporting)
- Sri Lanka's 10.1% is above the median for South Asia, which is 6.9%, 1.5× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.5% | 4.0% | 10.6% | 10 |
| 2000s | 8.0% | 6.8% | 10.8% | 10 |
| 2010s | 5.8% | 4.9% | 7.2% | 10 |
| 2020s | 10.7% | 10.1% | 11.9% | 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)
- 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 net incurrence of liabilities, total in Sri Lanka?
- Net incurrence of liabilities, total in Sri Lanka was 10.1% 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 11.9% in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Sri Lanka?
- The lowest recorded value was 4.0% in 1992.
- How does Sri Lanka rank for net incurrence of liabilities, total?
- Sri Lanka ranks 8th 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 93.9%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.