Social contributions in Sri Lanka
Sri Lanka: Social contributions was 36.26 billion current LCU in 2023. ◆ Volatile
Social contributions in Sri Lanka, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Sri Lanka recorded 36.26 billion current LCU for social contributions in 2023.
That represents a change of down 3.1% on the previous year and up 139.4% over ten years.
Over the whole period, social contributions in Sri Lanka peaked at 37.42 billion current LCU in 2022 and was at its lowest, 381.00 million current LCU, in 1990.
Sri Lanka ranks 52nd of 112 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.28 billion current LCU | 381.00 million current LCU | 3.56 billion current LCU | 10 |
| 2000s | 5.35 billion current LCU | 2.63 billion current LCU | 11.16 billion current LCU | 10 |
| 2010s | 17.59 billion current LCU | 11.12 billion current LCU | 28.98 billion current LCU | 10 |
| 2020s | 35.18 billion current LCU | 32.42 billion current LCU | 37.42 billion current LCU | 4 |
Countries ranked near Sri Lanka
- 49 Switzerland 55.27 billion current LCU compare
- 50 Dominican Republic 52.80 billion current LCU compare
- 51 South Africa 38.77 billion current LCU compare
- 53 Portugal 35.12 billion current LCU compare
- 54 Finland 32.67 billion current LCU compare
- 55 Greece 31.52 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 social contributions in Sri Lanka?
- Social contributions in Sri Lanka was 36.26 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Sri Lanka?
- The highest recorded value was 37.42 billion current LCU in 2022.
- What is the lowest social contributions recorded in Sri Lanka?
- The lowest recorded value was 381.00 million current LCU in 1990.
- How does Sri Lanka rank for social contributions?
- Sri Lanka ranks 52nd out of 112 countries with data for 2023.
- Is social contributions rising or falling in Sri Lanka?
- Over the last ten years it is up 139.4%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.