Sri Lanka - Budget Deficit 2023
-8.32%
+1.90% from 2022
Sri Lanka's budget deficit was -8.32% in 2023, increased +1.90% from -10.22% in 2022. This was the 9th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -34.73% | -17.8% |
| 2nd | Ukraine | -19.34% | -24.0% |
| 3rd | Senegal | -14.77% | 8.5% |
| 4th | Maldives | -13.17% | -18.0% |
| 5th | St. Vincent and the Grenadines | -11.96% | -28.0% |
| 6th | Bolivia, Plurinational State of | -10.95% | -53.7% |
| 7th | Brunei Darussalam | -10.86% | -529.2% |
| 8th | Bahrain | -9.68% | -60.6% |
| 9th | Sri Lanka | -8.32% | 18.6% |
| 10th | Guinea-Bissau | -8.15% | -34.6% |
| 11th | Malawi | -7.84% | 15.9% |
| 12th | United States | -7.80% | -109.6% |
| 13th | Pakistan | -7.76% | 1.0% |
| 14th | Brazil | -7.71% | -94.5% |
| 15th | Burundi | -7.70% | 28.3% |
| 16th | India | -7.40% | 17.5% |
| 17th | Italy | -7.24% | 10.7% |
| 18th | Fiji | -7.15% | 41.7% |
| 19th | Liberia | -7.03% | -31.8% |
| 20th | Tunisia | -7.03% | -1.7% |
| 21st | Burkina Faso | -6.91% | 36.5% |
| 22nd | Jordan | -6.89% | -1.3% |
| 23rd | Hungary | -6.75% | -9.3% |
| 24th | Togo | -6.73% | 19.3% |
| 25th | China | -6.71% | 8.3% |
| 26th | United Kingdom | -6.05% | -32.9% |
| 27th | Nepal | -5.81% | -86.2% |
| 28th | Guyana | -5.78% | -13.1% |
| 29th | Egypt, Arab Republic of | -5.77% | -0.4% |
| 30th | Kenya | -5.71% | 5.7% |
| 31st | Hong Kong SAR, China | -5.65% | 14.1% |
| 32nd | Yemen, Republic of | -5.63% | -161.9% |
| 33rd | Romania | -5.61% | 3.8% |
| 34th | South Africa | -5.55% | -30.5% |
| 35th | Algeria | -5.52% | -86.2% |
| 36th | Zambia | -5.48% | 29.9% |
| 37th | France | -5.44% | -14.8% |
| 38th | Niger | -5.37% | 20.6% |
| 39th | Argentina | -5.33% | -38.9% |
| 40th | Poland | -5.27% | -53.4% |
| 41st | Türkiye | -5.22% | -375.9% |
| 42nd | Côte d'Ivoire | -5.19% | 22.9% |
| 43rd | Myanmar | -5.18% | -83.8% |
| 44th | Slovak Republic | -5.15% | -345.3% |
| 45th | Moldova | -5.13% | -58.3% |
| 46th | Israel | -5.06% | -1,685.3% |
| 47th | Rwanda | -5.04% | 12.1% |
| 48th | Sierra Leone | -4.99% | 15.9% |
| 49th | Uganda | -4.87% | 10.5% |
| 50th | Bhutan | -4.73% | 32.0% |
| 51st | El Salvador | -4.69% | -74.6% |
| 52nd | Malta | -4.65% | 12.5% |
| 53rd | North Macedonia | -4.61% | 11.8% |
| 54th | Dominica | -4.51% | 37.4% |
| 55th | Mauritius | -4.48% | -42.4% |
| 56th | Morocco | -4.41% | 17.9% |
| 57th | Bangladesh | -4.39% | 3.1% |
| 58th | Philippines | -4.38% | 20.1% |
| 59th | Papua New Guinea | -4.34% | 17.3% |
| 60th | Mexico | -4.29% | 0.8% |
| 61st | Mozambique | -4.26% | 18.4% |
| 62nd | Botswana | -4.25% | -70,800.0% |
| 63rd | Madagascar | -4.20% | 23.2% |
| 64th | Benin | -4.13% | 25.7% |
| 65th | Belgium | -4.10% | -13.1% |
| 66th | Uzbekistan | -4.03% | -10.4% |
| 67th | Malaysia | -3.97% | 12.9% |
| 68th | Zimbabwe | -3.90% | -18.2% |
| 69th | Panama | -3.90% | 2.0% |
| 70th | Guinea | -3.86% | -105.1% |
| 71st | Paraguay | -3.81% | -44.4% |
| 72nd | Solomon Islands | -3.81% | -51.7% |
| 73rd | Czechia | -3.74% | -21.7% |
| 74th | Sudan | -3.70% | -72.1% |
| 75th | Gambia, The | -3.69% | 35.4% |
| 76th | Tanzania | -3.67% | 6.4% |
| 77th | Bahamas, The | -3.66% | 33.9% |
| 78th | Mali | -3.57% | 24.8% |
| 79th | New Zealand | -3.54% | 14.9% |
| 80th | Spain | -3.52% | 24.1% |
| 81st | Ecuador | -3.48% | -8,011.4% |
| 82nd | Djibouti | -3.46% | -133.0% |
| 83rd | Central African Republic | -3.44% | 34.3% |
| 84th | Latvia | -3.38% | 14.4% |
| 85th | Ghana | -3.37% | 71.4% |
| 86th | Dominican Republic | -3.28% | -1.0% |
| 87th | Costa Rica | -3.25% | -15.9% |
| 88th | Namibia | -3.14% | 50.3% |
| 89th | Uruguay | -3.14% | -24.4% |
| 90th | Estonia | -3.13% | -189.6% |
| 91st | Nigeria | -3.13% | 21.9% |
| 92nd | Bulgaria | -3.03% | -279.3% |
| 93rd | St. Lucia | -3.03% | -82.7% |
| 94th | Finland | -2.99% | -1,567.6% |
| 95th | Colombia | -2.92% | 53.9% |
| 96th | Cambodia | -2.83% | -861.9% |
| 97th | Peru | -2.78% | -101.1% |
| 98th | Austria | -2.62% | 20.8% |
| 99th | Slovenia | -2.59% | 14.2% |
| 100th | Iran, Islamic Republic of | -2.54% | 3.8% |
| 101st | Germany | -2.49% | -30.6% |
| 102nd | Mauritania | -2.45% | 20.9% |
| 103rd | Belize | -2.42% | -132.4% |
| 104th | Georgia | -2.33% | -6.0% |
| 105th | Iceland | -2.28% | 42.1% |
| 106th | Chile | -2.27% | -267.2% |
| 107th | Japan | -2.26% | 46.4% |
| 108th | Russian Federation | -2.22% | -65.1% |
| 109th | São Tomé and Principe | -2.13% | 4.9% |
| 110th | Armenia | -2.02% | 4.4% |
| 111th | Thailand | -1.98% | 57.1% |
| 112th | Honduras | -1.96% | -225.0% |
| 113th | Angola | -1.83% | -413.4% |
| 114th | Saudi Arabia | -1.77% | -179.1% |
| 115th | Viet Nam | -1.72% | -356.0% |
| 116th | Lebanon | -1.70% | 78.1% |
| 117th | Antigua and Barbuda | -1.70% | 40.3% |
| 118th | Barbados | -1.69% | 11.5% |
| 119th | Suriname | -1.68% | 37.6% |
| 120th | Bosnia and Herzegovina | -1.67% | -1,221.5% |
| 121st | Congo, Democratic Republic of | -1.65% | -64.6% |
| 122nd | Indonesia | -1.64% | 28.8% |
| 123rd | Kazakhstan | -1.52% | -1,550.5% |
| 124th | Greece | -1.35% | 45.0% |
| 125th | Comoros | -1.34% | 65.9% |
| 126th | Afghanistan | -1.33% | -33.4% |
| 127th | Albania | -1.32% | 63.8% |
| 128th | Australia | -1.27% | 42.7% |
| 129th | Chad | -1.26% | -133.2% |
| 130th | Guatemala | -1.25% | 26.1% |
| 131st | Serbia | -1.21% | -758.9% |
| 132nd | Trinidad and Tobago | -1.20% | -225.2% |
| 133rd | Seychelles | -1.15% | -51.1% |
| 134th | Iraq | -1.14% | -114.1% |
| 135th | West Bank and Gaza | -0.95% | -3.4% |
| 136th | Vanuatu | -0.95% | 85.4% |
| 137th | Tajikistan | -0.93% | -297.4% |
| 138th | Croatia | -0.79% | -748.4% |
| 139th | Luxembourg | -0.78% | -523.9% |
| 140th | San Marino | -0.72% | -270.8% |
| 141st | Lithuania | -0.69% | 3.8% |
| 142nd | Korea | -0.67% | 55.2% |
| 143rd | Eswatini | -0.66% | 87.6% |
| 144th | Cameroon | -0.64% | 42.9% |
| 145th | Sweden | -0.63% | -162.8% |
| 146th | Netherlands | -0.37% | -18,650.0% |
| 147th | Cabo Verde | -0.28% | 93.5% |
| 148th | St. Kitts and Nevis | -0.28% | 93.4% |
| 149th | Lao PDR | -0.01% | -120.3% |
| 150th | Jamaica | 0.04% | -86.4% |
| 151st | Somalia, Fed. Rep. | 0.05% | 100.0% |
| 152nd | Canada | 0.07% | -87.1% |
| 153rd | Turkmenistan | 0.11% | -96.7% |
| 154th | Switzerland | 0.12% | -89.8% |
| 155th | Kiribati | 0.13% | 100.7% |
| 156th | Puerto Rico (US) | 0.33% | -81.7% |
| 157th | Palau | 0.73% | 118.3% |
| 158th | Belarus | 0.76% | 138.4% |
| 159th | Haiti | 0.77% | 143.8% |
| 160th | Montenegro | 0.86% | 121.0% |
| 161st | Macao SAR, China | 1.07% | 102.9% |
| 162nd | Marshall Islands | 1.14% | 67.5% |
| 163rd | Portugal | 1.21% | 489.7% |
| 164th | Ireland | 1.52% | -8.6% |
| 165th | Kyrgyz Republic | 1.59% | 639.5% |
| 166th | Cyprus | 1.70% | -35.9% |
| 167th | Gabon | 1.79% | 301.5% |
| 168th | Andorra | 2.15% | -55.7% |
| 169th | Nicaragua | 2.31% | 256.7% |
| 170th | Equatorial Guinea | 2.39% | -79.6% |
| 171st | Samoa | 2.70% | -46.3% |
| 172nd | Mongolia | 2.73% | 306.7% |
| 173rd | Aruba | 3.09% | 711.1% |
| 174th | Denmark | 3.43% | 1.2% |
| 175th | Singapore | 3.47% | 187.1% |
| 176th | Liechtenstein | 4.37% | 32.5% |
| 177th | Qatar | 5.56% | -46.5% |
| 178th | Congo, Republic of | 5.81% | -35.1% |
| 179th | United Arab Emirates | 5.82% | -40.7% |
| 180th | Tonga | 6.14% | 6,179.2% |
| 181st | Oman | 6.87% | -34.8% |
| 182nd | Lesotho | 7.32% | 214.2% |
| 183rd | Azerbaijan | 7.92% | 32.8% |
| 184th | Grenada | 7.94% | 753.0% |
| 185th | South Sudan | 8.04% | 79.5% |
| 186th | Libya | 8.22% | -65.2% |
| 187th | Micronesia, Federated States of | 9.45% | -45.8% |
| 188th | Tuvalu | 15.34% | 205.1% |
| 189th | Norway | 16.57% | -34.9% |
| 190th | Nauru | 19.39% | -20.1% |
| 191st | Kuwait | 28.22% | -5.9% |
FAQ
What was Sri Lanka's budget deficit in 2023?▾
Sri Lanka's budget deficit in 2023 was -8.32%. This ranked 9th globally.
How did Sri Lanka's budget deficit change in 2023?▾
Sri Lanka's budget deficit increased by 18.6% in 2023 compared to 2022.
Which country had the highest budget deficit in 2023?▾
Kuwait had the highest budget deficit in 2023 at 28.22%.
What is the budget deficit of Sri Lanka in 2023?▾
The budget deficit of Sri Lanka in 2023 was -8.32%. This ranked 9th globally.
How does 2023 compare to 2022 for Sri Lanka's budget deficit?▾
Sri Lanka's budget deficit went from -10.22% in 2022 to -8.32% in 2023, a 18.6% increase.
Related
2022
2024
All years
Full ranking 2023
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 1992
Lowest: 2020
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Bolivia, Plurinational State of
vs Eswatini
vs Djibouti
vs Philippines
Global Ranking