Taxes on goods and services in Sri Lanka
Sri Lanka: Taxes on goods and services was 1.42 trillion current LCU in 2023. β Volatile
Taxes on goods and services in Sri Lanka, 1990β2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Sri Lanka is 1.42 trillion current LCU, measured in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 62.3% on the previous year and up 179.5% over ten years.
Over the whole period, taxes on goods and services in Sri Lanka peaked at 1.42 trillion current LCU in 2023 and was at its lowest, 31.39 billion current LCU, in 1990.
Sri Lanka ranks 33rd of 157 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64.58 billion current LCU | 31.39 billion current LCU | 102.39 billion current LCU | 10 |
| 2000s | 210.54 billion current LCU | 122.80 billion current LCU | 306.41 billion current LCU | 10 |
| 2010s | 692.07 billion current LCU | 355.37 billion current LCU | 1.06 trillion current LCU | 10 |
| 2020s | 875.98 billion current LCU | 571.20 billion current LCU | 1.42 trillion current LCU | 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)
- Arms imports (SIPRI trend indicator values), per square kilometre 80.83 SIPRI trend indicator values per square kilometre (2023)
- Tax revenue 9.9% (2023)
- Capital stock, General government, Current prices, Domestic currency 7,978 (2019)
- Taxes on income, profits and capital gains 29.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 36.14 (2019)
Frequently asked questions
- What is taxes on goods and services in Sri Lanka?
- Taxes on goods and services in Sri Lanka was 1.42 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Sri Lanka?
- The highest recorded value was 1.42 trillion current LCU in 2023.
- What is the lowest taxes on goods and services recorded in Sri Lanka?
- The lowest recorded value was 31.39 billion current LCU in 1990.
- How does Sri Lanka rank for taxes on goods and services?
- Sri Lanka ranks 33rd out of 157 countries with data for 2023.
- Is taxes on goods and services rising or falling in Sri Lanka?
- Over the last ten years it is up 179.5%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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CSV Β· JSON β 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.