Taxes on goods and services (current LCU), annual growth rate in Sri Lanka
Sri Lanka: Taxes on goods and services (current LCU), annual growth rate was 62.31 % change on previous year in 2023. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Sri Lanka, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes on goods and services (current lcu), annual growth rate in Sri Lanka is 62.31 % change on previous year, measured in 2023. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 74.4% on the previous year and up 2,000.2% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Sri Lanka peaked at 62.31 % change on previous year in 2023 and was at its lowest, -41.22 % change on previous year, in 2020.
That places Sri Lanka 5th out of 156 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Sri Lanka, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 11.95 % change on previous year | — |
| 1992 | 14.25 % change on previous year | +19.2% |
| 1993 | 23.27 % change on previous year | +63.2% |
| 1994 | 15.49 % change on previous year | -33.4% |
| 1995 | 25.7 % change on previous year | +65.9% |
| 1996 | 9.55 % change on previous year | -62.8% |
| 1997 | 11.59 % change on previous year | +21.3% |
| 1998 | 4.41 % change on previous year | -61.9% |
| 1999 | 11.65 % change on previous year | +164.0% |
| 2000 | 19.93 % change on previous year | +71.1% |
| 2001 | 11.26 % change on previous year | -43.5% |
| 2002 | 9.68 % change on previous year | -14.1% |
| 2003 | 1.79 % change on previous year | -81.5% |
| 2004 | 25.56 % change on previous year | +1328.8% |
| 2005 | 19.01 % change on previous year | -25.6% |
| 2006 | 13.71 % change on previous year | -27.9% |
| 2007 | 10.41 % change on previous year | -24.1% |
| 2008 | 7.08 % change on previous year | -32.0% |
| 2009 | -11.1 % change on previous year | -256.9% |
| 2010 | 30.47 % change on previous year | -374.3% |
| 2011 | 14.72 % change on previous year | -51.7% |
| 2012 | 20.76 % change on previous year | +41.1% |
| 2013 | 2.97 % change on previous year | -85.7% |
| 2014 | 6.34 % change on previous year | +113.6% |
| 2015 | 34.37 % change on previous year | +442.5% |
| 2016 | 16.05 % change on previous year | -53.3% |
| 2017 | 21.79 % change on previous year | +35.7% |
| 2018 | 3.46 % change on previous year | -84.1% |
| 2019 | -8.24 % change on previous year | -338.3% |
| 2020 | -41.22 % change on previous year | +400.3% |
| 2021 | 12.58 % change on previous year | -130.5% |
| 2022 | 35.73 % change on previous year | +183.9% |
| 2023 | 62.31 % change on previous year | +74.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.21 % change on previous year | 4.41 % change on previous year | 25.7 % change on previous year | 9 |
| 2000s | 10.73 % change on previous year | -11.1 % change on previous year | 25.56 % change on previous year | 10 |
| 2010s | 14.27 % change on previous year | -8.24 % change on previous year | 34.37 % change on previous year | 10 |
| 2020s | 17.35 % change on previous year | -41.22 % change on previous year | 62.31 % change on previous year | 4 |
Countries ranked near Sri Lanka
- 2 Myanmar 139.43 % change on previous year compare
- 3 Lebanon 103.85 % change on previous year compare
- 4 Maldives 83.24 % change on previous year compare
- 6 Turkey 61.16 % change on previous year compare
- 7 Iran, Islamic Republic of 54.99 % change on previous year compare
- 8 Peru 49.33 % change on previous year compare
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 taxes on goods and services (current lcu), annual growth rate in Sri Lanka?
- Taxes on goods and services (current lcu), annual growth rate in Sri Lanka was 62.31 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Sri Lanka?
- The highest recorded value was 62.31 % change on previous year in 2023.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Sri Lanka?
- The lowest recorded value was -41.22 % change on previous year in 2020.
- How does Sri Lanka rank for taxes on goods and services (current lcu), annual growth rate?
- Sri Lanka ranks 5th out of 156 countries with data for 2023.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Sri Lanka?
- Over the last ten years it is up 2,000.2%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.