Military expenditure in Sri Lanka
Sri Lanka: Military expenditure was 402.50 billion current LCU in 2024. ◆ Volatile
Military expenditure in Sri Lanka, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
The most recent figure for military expenditure in Sri Lanka is 402.50 billion current LCU, measured in 2024. That is the highest value across all 64 years on record.
Compared with earlier readings it is up 5.6% on the previous year and up 61.0% over ten years.
Over the whole period, military expenditure in Sri Lanka peaked at 402.50 billion current LCU in 2024 and was at its lowest, 66.28 million current LCU, in 1963.
That places Sri Lanka 40th out of 167 countries with data for 2024, putting it 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 |
|---|---|---|---|---|
| 1960s | 76.64 million current LCU | 66.28 million current LCU | 94.42 million current LCU | 10 |
| 1970s | 234.25 million current LCU | 125.25 million current LCU | 437.15 million current LCU | 9 |
| 1980s | 3.05 billion current LCU | 509.45 million current LCU | 6.68 billion current LCU | 10 |
| 1990s | 28.66 billion current LCU | 7.49 billion current LCU | 47.27 billion current LCU | 10 |
| 2000s | 89.57 billion current LCU | 52.28 billion current LCU | 174.97 billion current LCU | 10 |
| 2010s | 237.46 billion current LCU | 173.22 billion current LCU | 284.43 billion current LCU | 10 |
| 2020s | 337.27 billion current LCU | 275.60 billion current LCU | 402.50 billion current LCU | 5 |
Countries ranked near Sri Lanka
- 37 Madagascar 552.02 billion current LCU compare
- 38 Burundi 495.58 billion current LCU compare
- 39 Bangladesh 465.89 billion current LCU compare
- 41 Cote d'Ivoire 399.23 billion current LCU compare
- 42 Yemen 368.50 billion current LCU compare
- 43 Philippines 350.46 billion current LCU compare
More public sector data for Sri Lanka
- Arms imports 9.00 million SIPRI trend indicator values (2024)
- Tax revenue 9.9% (2023)
- Taxes on income, profits and capital gains 29.6% (2023)
- Taxes on goods and services 46.1% (2023)
- Net investment in nonfinancial assets 2.4% (2023)
- Net lending (+) / net borrowing (-) -9.2% (2023)
- Interest payments 79.9% (2023)
- Grants and other revenue 10.3% (2023)
- Interest payments 49.4% (2023)
- Other taxes 0.0% (2023)
Frequently asked questions
- What is military expenditure in Sri Lanka?
- Military expenditure in Sri Lanka was 402.50 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Sri Lanka?
- The highest recorded value was 402.50 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Sri Lanka?
- The lowest recorded value was 66.28 million current LCU in 1963.
- How does Sri Lanka rank for military expenditure?
- Sri Lanka ranks 40th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Sri Lanka?
- Over the last ten years it is up 61.0%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)