Subsidies and other transfers in Sri Lanka
Sri Lanka: Subsidies and other transfers was 21.0% in 2023. ▼ Falling
Subsidies and other transfers in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for subsidies and other transfers in Sri Lanka is 21.0%, measured in 2023.
Compared with earlier readings it is down 5.1% on the previous year and up 5.5% over ten years.
Over the whole period, subsidies and other transfers in Sri Lanka peaked at 28.5% in 1991 and was at its lowest, 19.3%, in 2012.
Sri Lanka ranks 122nd of 152 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Subsidies and other transfers in Sri Lanka, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 27.6% | — |
| 1991 | 28.5% | +3.3% |
| 1992 | 24.6% | -13.8% |
| 1993 | 24.5% | -0.4% |
| 1994 | 25.1% | +2.5% |
| 1995 | 24.0% | -4.4% |
| 1996 | 24.7% | +2.8% |
| 1997 | 23.3% | -5.7% |
| 1998 | 22.0% | -5.3% |
| 1999 | 21.0% | -4.7% |
| 2000 | 21.0% | -0.2% |
| 2001 | 21.4% | +2.2% |
| 2002 | 22.2% | +3.5% |
| 2003 | 20.1% | -9.2% |
| 2004 | 25.5% | +26.5% |
| 2005 | 28.2% | +10.6% |
| 2006 | 26.4% | -6.5% |
| 2007 | 23.4% | -11.2% |
| 2008 | 22.7% | -3.1% |
| 2009 | 21.1% | -6.9% |
| 2010 | 20.4% | -3.4% |
| 2011 | 21.0% | +2.8% |
| 2012 | 19.3% | -8.0% |
| 2013 | 19.9% | +3.0% |
| 2014 | 20.6% | +3.5% |
| 2015 | 23.0% | +11.7% |
| 2016 | 21.6% | -6.1% |
| 2017 | 21.4% | -0.8% |
| 2018 | 19.5% | -8.6% |
| 2019 | 20.8% | +6.2% |
| 2020 | 24.7% | +18.9% |
| 2021 | 23.4% | -5.3% |
| 2022 | 22.1% | -5.5% |
| 2023 | 21.0% | -5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.5% | 21.0% | 28.5% | 10 |
| 2000s | 23.2% | 20.1% | 28.2% | 10 |
| 2010s | 20.7% | 19.3% | 23.0% | 10 |
| 2020s | 22.8% | 21.0% | 24.7% | 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 subsidies and other transfers in Sri Lanka?
- Subsidies and other transfers in Sri Lanka was 21.0% 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 28.5% in 1991.
- What is the lowest subsidies and other transfers recorded in Sri Lanka?
- The lowest recorded value was 19.3% in 2012.
- How does Sri Lanka rank for subsidies and other transfers?
- Sri Lanka ranks 122nd out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Sri Lanka?
- Over the last ten years it is up 5.5%. 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 Subsidies and other transfers (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.