Taxes on goods and services (current LCU) in Sri Lanka
Sri Lanka: Taxes on goods and services (current LCU) was 1.42 trillion current LCU in 2023. ◆ Volatile
Taxes on goods and services 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 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.
Taxes on goods and services (current LCU) in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 31.39 billion current LCU | — |
| 1991 | 35.14 billion current LCU | +12.0% |
| 1992 | 40.15 billion current LCU | +14.3% |
| 1993 | 49.49 billion current LCU | +23.3% |
| 1994 | 57.16 billion current LCU | +15.5% |
| 1995 | 71.85 billion current LCU | +25.7% |
| 1996 | 78.71 billion current LCU | +9.6% |
| 1997 | 87.83 billion current LCU | +11.6% |
| 1998 | 91.71 billion current LCU | +4.4% |
| 1999 | 102.39 billion current LCU | +11.7% |
| 2000 | 122.80 billion current LCU | +19.9% |
| 2001 | 136.63 billion current LCU | +11.3% |
| 2002 | 149.85 billion current LCU | +9.7% |
| 2003 | 152.53 billion current LCU | +1.8% |
| 2004 | 191.53 billion current LCU | +25.6% |
| 2005 | 227.94 billion current LCU | +19.0% |
| 2006 | 259.18 billion current LCU | +13.7% |
| 2007 | 286.16 billion current LCU | +10.4% |
| 2008 | 306.41 billion current LCU | +7.1% |
| 2009 | 272.38 billion current LCU | -11.1% |
| 2010 | 355.37 billion current LCU | +30.5% |
| 2011 | 407.66 billion current LCU | +14.7% |
| 2012 | 492.30 billion current LCU | +20.8% |
| 2013 | 506.91 billion current LCU | +3.0% |
| 2014 | 539.02 billion current LCU | +6.3% |
| 2015 | 724.28 billion current LCU | +34.4% |
| 2016 | 840.56 billion current LCU | +16.1% |
| 2017 | 1.02 trillion current LCU | +21.8% |
| 2018 | 1.06 trillion current LCU | +3.5% |
| 2019 | 971.82 billion current LCU | -8.2% |
| 2020 | 571.20 billion current LCU | -41.2% |
| 2021 | 643.09 billion current LCU | +12.6% |
| 2022 | 872.88 billion current LCU | +35.7% |
| 2023 | 1.42 trillion current LCU | +62.3% |
Sri Lanka compared with similar countries
- Sri Lanka's 1.42 trillion current LCU is above the median for upper middle income countries, which is 103.35 billion current LCU, 13.7× the median. (48 countries reporting)
- Sri Lanka's 1.42 trillion current LCU is above the median for South Asia, which is 881.27 billion current LCU, 1.6× the median. (6 countries reporting)
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
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- Chief executive of the government is elected 1 (2025)
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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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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.