Subsidies and other transfers (current LCU) in Sri Lanka
Sri Lanka: Subsidies and other transfers (current LCU) was 1.04 trillion current LCU in 2023. ◆ Volatile
Subsidies and other transfers in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Sri Lanka is 1.04 trillion current LCU, measured in 2023. That is the highest value across all 34 years on record.
That represents a change of up 24.4% on the previous year and up 272.3% over ten years.
Over the whole period, subsidies and other transfers in Sri Lanka peaked at 1.04 trillion current LCU in 2023 and was at its lowest, 21.89 billion current LCU, in 1990.
Sri Lanka ranks 42nd of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Subsidies and other transfers (current LCU) in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 21.89 billion current LCU | — |
| 1991 | 27.09 billion current LCU | +23.7% |
| 1992 | 25.08 billion current LCU | -7.4% |
| 1993 | 27.93 billion current LCU | +11.4% |
| 1994 | 35.32 billion current LCU | +26.4% |
| 1995 | 41.56 billion current LCU | +17.7% |
| 1996 | 47.30 billion current LCU | +13.8% |
| 1997 | 47.26 billion current LCU | -0.1% |
| 1998 | 48.81 billion current LCU | +3.3% |
| 1999 | 49.29 billion current LCU | +1.0% |
| 2000 | 60.58 billion current LCU | +22.9% |
| 2001 | 71.77 billion current LCU | +18.5% |
| 2002 | 80.35 billion current LCU | +12.0% |
| 2003 | 75.18 billion current LCU | -6.4% |
| 2004 | 110.35 billion current LCU | +46.8% |
| 2005 | 139.68 billion current LCU | +26.6% |
| 2006 | 163.76 billion current LCU | +17.2% |
| 2007 | 167.95 billion current LCU | +2.6% |
| 2008 | 192.15 billion current LCU | +14.4% |
| 2009 | 213.95 billion current LCU | +11.3% |
| 2010 | 220.32 billion current LCU | +3.0% |
| 2011 | 244.68 billion current LCU | +11.1% |
| 2012 | 261.42 billion current LCU | +6.8% |
| 2013 | 279.62 billion current LCU | +7.0% |
| 2014 | 314.93 billion current LCU | +12.6% |
| 2015 | 454.15 billion current LCU | +44.2% |
| 2016 | 432.72 billion current LCU | -4.7% |
| 2017 | 471.66 billion current LCU | +9.0% |
| 2018 | 458.58 billion current LCU | -2.8% |
| 2019 | 526.17 billion current LCU | +14.7% |
| 2020 | 736.30 billion current LCU | +39.9% |
| 2021 | 719.08 billion current LCU | -2.3% |
| 2022 | 836.90 billion current LCU | +16.4% |
| 2023 | 1.04 trillion current LCU | +24.4% |
Sri Lanka compared with similar countries
- Sri Lanka's 1.04 trillion current LCU is above the median for upper middle income countries, which is 139.97 billion current LCU, 7.4× the median. (46 countries reporting)
- Sri Lanka's 1.04 trillion current LCU is above the median for South Asia, which is 854.86 billion current LCU, 1.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.15 billion current LCU | 21.89 billion current LCU | 49.29 billion current LCU | 10 |
| 2000s | 127.57 billion current LCU | 60.58 billion current LCU | 213.95 billion current LCU | 10 |
| 2010s | 366.42 billion current LCU | 220.32 billion current LCU | 526.17 billion current LCU | 10 |
| 2020s | 833.29 billion current LCU | 719.08 billion current LCU | 1.04 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)
- 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 subsidies and other transfers in Sri Lanka?
- Subsidies and other transfers in Sri Lanka was 1.04 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Sri Lanka?
- The highest recorded value was 1.04 trillion current LCU in 2023.
- What is the lowest subsidies and other transfers recorded in Sri Lanka?
- The lowest recorded value was 21.89 billion current LCU in 1990.
- How does Sri Lanka rank for subsidies and other transfers?
- Sri Lanka ranks 42nd out of 153 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Sri Lanka?
- Over the last ten years it is up 272.3%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.