Tax revenue in Sri Lanka
Sri Lanka: Tax revenue was 2.72 trillion current LCU in 2023. ◆ Volatile
Tax revenue 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 tax revenue in Sri Lanka is 2.72 trillion current LCU, measured in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 55.4% on the previous year and up 170.5% over ten years.
Over the whole period, tax revenue in Sri Lanka peaked at 2.72 trillion current LCU in 2023 and was at its lowest, 61.21 billion current LCU, in 1990.
Sri Lanka ranks 36th 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 109.71 billion current LCU | 61.21 billion current LCU | 166.03 billion current LCU | 10 |
| 2000s | 360.19 billion current LCU | 182.39 billion current LCU | 618.93 billion current LCU | 10 |
| 2010s | 1.24 trillion current LCU | 724.75 billion current LCU | 1.73 trillion current LCU | 10 |
| 2020s | 1.75 trillion current LCU | 1.22 trillion current LCU | 2.72 trillion current LCU | 4 |
Countries ranked near Sri Lanka
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 tax revenue in Sri Lanka?
- Tax revenue in Sri Lanka was 2.72 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Sri Lanka?
- The highest recorded value was 2.72 trillion current LCU in 2023.
- What is the lowest tax revenue recorded in Sri Lanka?
- The lowest recorded value was 61.21 billion current LCU in 1990.
- How does Sri Lanka rank for tax revenue?
- Sri Lanka ranks 36th out of 157 countries with data for 2023.
- Is tax revenue rising or falling in Sri Lanka?
- Over the last ten years it is up 170.5%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.