Taxes on goods and services in Sri Lanka
Sri Lanka: Taxes on goods and services was 46.1% in 2023. ▬ Flat
Taxes on goods and services in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2023, taxes on goods and services in Sri Lanka stood at 46.1%.
That represents a change of up 6.3% on the previous year and up 4.8% over ten years.
Over the whole period, taxes on goods and services in Sri Lanka peaked at 59.8% in 2004 and was at its lowest, 37.5%, in 2009.
That places Sri Lanka 16th out of 156 countries with data for 2023, putting it in the top 10%.
Taxes on goods and services in Sri Lanka, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 42.2% | — |
| 1991 | 41.7% | -1.3% |
| 1992 | 42.7% | +2.4% |
| 1993 | 46.5% | +8.9% |
| 1994 | 48.3% | +3.9% |
| 1995 | 49.5% | +2.4% |
| 1996 | 51.1% | +3.3% |
| 1997 | 51.0% | -0.2% |
| 1998 | 50.3% | -1.4% |
| 1999 | 50.5% | +0.4% |
| 2000 | 56.8% | +12.3% |
| 2001 | 57.0% | +0.4% |
| 2002 | 56.1% | -1.5% |
| 2003 | 53.7% | -4.4% |
| 2004 | 59.8% | +11.5% |
| 2005 | 55.3% | -7.6% |
| 2006 | 51.1% | -7.5% |
| 2007 | 48.1% | -5.9% |
| 2008 | 44.6% | -7.2% |
| 2009 | 37.5% | -15.9% |
| 2010 | 42.6% | +13.5% |
| 2011 | 42.9% | +0.7% |
| 2012 | 46.2% | +7.5% |
| 2013 | 44.0% | -4.8% |
| 2014 | 45.4% | +3.3% |
| 2015 | 49.6% | +9.2% |
| 2016 | 49.6% | +0.1% |
| 2017 | 55.6% | +12.1% |
| 2018 | 54.8% | -1.5% |
| 2019 | 51.2% | -6.6% |
| 2020 | 41.6% | -18.7% |
| 2021 | 43.9% | +5.6% |
| 2022 | 43.4% | -1.3% |
| 2023 | 46.1% | +6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 47.4% | 41.7% | 51.1% | 10 |
| 2000s | 52.0% | 37.5% | 59.8% | 10 |
| 2010s | 48.2% | 42.6% | 55.6% | 10 |
| 2020s | 43.7% | 41.6% | 46.1% | 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 taxes on goods and services in Sri Lanka?
- Taxes on goods and services in Sri Lanka was 46.1% 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 59.8% in 2004.
- What is the lowest taxes on goods and services recorded in Sri Lanka?
- The lowest recorded value was 37.5% in 2009.
- How does Sri Lanka rank for taxes on goods and services?
- Sri Lanka ranks 16th out of 156 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 4.8%. The long-run trend across the full record is flat.
- 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.