Taxes on income, profits and capital gains (current LCU) in Sri Lanka
Sri Lanka: Taxes on income, profits and capital gains (current LCU) was 911.11 billion current LCU in 2023. ◆ Volatile
Taxes on income, profits and capital gains 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 income, profits and capital gains in Sri Lanka is 911.11 billion current LCU, measured in 2023. That is the highest value across all 34 years on record.
The figure is up 70.7% on the previous year and up 343.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Sri Lanka peaked at 911.11 billion current LCU in 2023 and was at its lowest, 7.34 billion current LCU, in 1990.
Sri Lanka ranks 40th of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains (current LCU) in Sri Lanka, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 7.34 billion current LCU | — |
| 1991 | 9.72 billion current LCU | +32.5% |
| 1992 | 10.97 billion current LCU | +12.8% |
| 1993 | 13.66 billion current LCU | +24.5% |
| 1994 | 15.28 billion current LCU | +11.9% |
| 1995 | 17.16 billion current LCU | +12.3% |
| 1996 | 20.75 billion current LCU | +20.9% |
| 1997 | 21.55 billion current LCU | +3.8% |
| 1998 | 20.43 billion current LCU | -5.2% |
| 1999 | 28.23 billion current LCU | +38.2% |
| 2000 | 27.46 billion current LCU | -2.7% |
| 2001 | 34.64 billion current LCU | +26.1% |
| 2002 | 37.62 billion current LCU | +8.6% |
| 2003 | 39.40 billion current LCU | +4.7% |
| 2004 | 41.37 billion current LCU | +5.0% |
| 2005 | 52.53 billion current LCU | +27.0% |
| 2006 | 80.48 billion current LCU | +53.2% |
| 2007 | 107.17 billion current LCU | +33.2% |
| 2008 | 126.54 billion current LCU | +18.1% |
| 2009 | 139.56 billion current LCU | +10.3% |
| 2010 | 135.62 billion current LCU | -2.8% |
| 2011 | 157.31 billion current LCU | +16.0% |
| 2012 | 172.59 billion current LCU | +9.7% |
| 2013 | 205.66 billion current LCU | +19.2% |
| 2014 | 198.12 billion current LCU | -3.7% |
| 2015 | 262.58 billion current LCU | +32.5% |
| 2016 | 258.86 billion current LCU | -1.4% |
| 2017 | 274.56 billion current LCU | +6.1% |
| 2018 | 310.45 billion current LCU | +13.1% |
| 2019 | 427.70 billion current LCU | +37.8% |
| 2020 | 238.32 billion current LCU | -44.3% |
| 2021 | 286.03 billion current LCU | +20.0% |
| 2022 | 533.82 billion current LCU | +86.6% |
| 2023 | 911.11 billion current LCU | +70.7% |
Sri Lanka compared with similar countries
- Sri Lanka's 911.11 billion current LCU is above the median for upper middle income countries, which is 135.99 billion current LCU, 6.7× the median. (48 countries reporting)
- Sri Lanka's 911.11 billion current LCU is above the median for South Asia, which is 558.23 billion current LCU, 1.6× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.51 billion current LCU | 7.34 billion current LCU | 28.23 billion current LCU | 10 |
| 2000s | 68.68 billion current LCU | 27.46 billion current LCU | 139.56 billion current LCU | 10 |
| 2010s | 240.35 billion current LCU | 135.62 billion current LCU | 427.70 billion current LCU | 10 |
| 2020s | 492.32 billion current LCU | 238.32 billion current LCU | 911.11 billion current LCU | 4 |
Countries ranked near Sri Lanka
More public sector data for Sri Lanka
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 11.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is taxes on income, profits and capital gains in Sri Lanka?
- Taxes on income, profits and capital gains in Sri Lanka was 911.11 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Sri Lanka?
- The highest recorded value was 911.11 billion current LCU in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Sri Lanka?
- The lowest recorded value was 7.34 billion current LCU in 1990.
- How does Sri Lanka rank for taxes on income, profits and capital gains?
- Sri Lanka ranks 40th out of 153 countries with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Sri Lanka?
- Over the last ten years it is up 343.0%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.