Sri Lanka Government Revenue
General government revenue as % of GDP GGR_NGDP
Sri Lanka's government revenue was 13.68% in 2024, ranked 178th globally. This represents a 22.0% increase from 2023. Data from IMF WEO, covering 1990–2024.
Overview
Sri Lanka's government revenue stood at 13.68% in 2024, a rise of +2.47% from 2023. Sri Lanka ranked 178th globally.
Sri Lanka's government revenue has exhibited significant fluctuations over the past three and a half decades, with the 1990 peak of 18.96 percent of GDP remaining the highest recorded level. Conversely, the 2021 low of 8.31 percent marked a trough, following a decline from the 1990 peak. The 2024 government revenue stands at 13.68 percent of GDP, positioning Sri Lanka at 178 globally. Of its peer countries, Madagascar's revenue at 13.73 percent is only marginally higher, while Guinea-Bissau's at 13.10 percent is lower. The country's revenue has followed a downward trend from the 1990s, with a notable dip during the 2021 low. This decline suggests a decrease in the government's fiscal capacity, potentially limiting its ability to respond to future economic challenges. A sustained recovery in economic growth and improved tax collection efficiency would be essential to alter the downward trajectory of Sri Lanka's government revenue.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2024 | 13.68% | +2.47% | #178 |
| 2023 | 11.21% | +2.85% | #182 |
| 2022 | 8.36% | +0.05% | #187 |
| 2021 | 8.31% | −0.47% | #186 |
| 2020 | 8.78% | −3.16% | #184 |
| 2019 | 11.93% | −0.65% | #179 |
| 2018 | 12.59% | −0.20% | #181 |
| 2017 | 12.79% | −0.43% | #179 |
| 2016 | 13.22% | +0.59% | #174 |
| 2015 | 12.63% | +1.45% | #179 |
| 2014 | 11.18% | −0.43% | #184 |
| 2013 | 11.61% | −0.27% | #181 |
| 2012 | 11.88% | −1.25% | #180 |
| 2011 | 13.12% | +0.54% | #176 |
| 2010 | 12.58% | −0.10% | #179 |
Detected Pattern
Analysis
Sri Lanka matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Sri Lanka's government revenue was 13.68% in 2024. Ranked 178th globally. This represents a 22.0% increase from the previous year.
Sri Lanka's government revenue peaked at 18.96% in 1990.
The lowest government revenue in Sri Lanka was 8.31% in 2021.
Sri Lanka ranks 178th globally in government revenue as of 2024.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
The government revenue of Sri Lanka in 2024 was 13.68%. This ranks 178th in the world.
Cite this page
@misc{historysaid_sri-lanka_government-revenue,
title = {Sri Lanka Government Revenue},
url = {https://historysaid.com/sri-lanka/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}