Sri Lanka Government Debt: % of GDP

2014 - 2023 | Quarterly | % | CEIC Data

Key information about Sri Lanka Government Debt: % of GDP

  • Sri Lanka Government debt accounted for 104.4 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 101.4 % in the previous quarter.
  • Sri Lanka government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Sep 2023.
  • The data reached an all-time high of 120.9 % in Jun 2022 and a record low of 72.0 % in Mar 2018.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Central Bank of Sri Lanka provides Government Debt in local currency. The Department of Census and Statistics provides Nominal GDP in local currency. Government Debt as % of Nominal GDP prior to Q4 2015 is calculated from Nominal GDP based on old methodology.


Related information about Sri Lanka Government Debt: % of GDP

  • In the latest reports, Sri Lanka National Government Debt reached 87.0 USD bn in Sep 2023.
  • The country's Nominal GDP reached 20.9 USD bn in Mar 2023.

View Sri Lanka's Government Debt: % of GDP from Mar 2014 to Sep 2023 in the chart:

Sri Lanka Government Debt: % of GDP

What was Sri Lanka's Government Debt: % of GDP in Sep 2023?

Sri Lanka Government debt accounted for 104.4 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 101.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
104.4 Sep 2023 101.4 Jun 2023 72.0 Mar 2018 120.9 Jun 2022 % quarterly Mar 2014 - Sep 2023

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 62.1 2022 yearly 1997 - 2022
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 50.5 Dec 2023 quarterly Dec 2013 - Dec 2023
Australia (%) 41.8 2022 yearly 1999 - 2022
Austria (%) 77.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 93.6 Dec 2023 quarterly Dec 2007 - Dec 2023
Bangladesh (%) 23.6 2023 yearly 2010 - 2023
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.0 Sep 2023 quarterly Dec 1980 - Sep 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 74.4 Dec 2023 quarterly Dec 2006 - Dec 2023
Bulgaria (%) 21.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 67.8 2023 yearly 1962 - 2023
Chile (%) 39.9 Dec 2023 quarterly Mar 2002 - Dec 2023
China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
Colombia (%) 59.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Croatia (%) 67.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 77.4 Dec 2023 quarterly Dec 2010 - Dec 2023
Czech Republic (%) 44.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Denmark (%) 29.3 Dec 2023 quarterly Mar 2000 - Dec 2023
Ecuador (%) 67.0 Dec 2023 quarterly Dec 2005 - Dec 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 19.6 Dec 2023 quarterly Mar 2000 - Dec 2023
European Union (%) 82.4 Sep 2023 quarterly Mar 2000 - Sep 2023
Finland (%) 75.8 Dec 2023 quarterly Mar 2000 - Dec 2023
France (%) 1.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 39.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Germany (%) 63.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 165.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Hong Kong SAR, China (%) 50.1 2023 yearly 2003 - 2023
Hungary (%) 69.5 Dec 2023 quarterly Dec 1990 - Dec 2023
Iceland (%) 64.8 2023 yearly 1998 - 2023
India (%) 59.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Indonesia (%) 39.0 Dec 2023 quarterly Jun 2015 - Dec 2023
Iran (%) 8.3 Sep 2023 quarterly Mar 1998 - Sep 2023
Ireland (%) 43.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 137.3 Dec 2023 quarterly Dec 1995 - Dec 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.3 Dec 2023 quarterly Dec 1994 - Dec 2023
Jordan (%) 89.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 23.1 Sep 2023 quarterly Mar 2005 - Sep 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 45.6 Dec 2023 quarterly Mar 2011 - Dec 2023
Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.3 Dec 2023 quarterly Mar 2000 - Dec 2023
Luxembourg (%) 25.8 Sep 2023 quarterly Dec 1997 - Sep 2023
North Macedonia (%) 53.1 Dec 2023 quarterly Dec 2009 - Dec 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 64.3 Dec 2023 quarterly Dec 2010 - Dec 2023
Malta (%) 49.6 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 49.7 Dec 2023 quarterly Dec 2005 - Dec 2023
Moldova (%) 34.9 Dec 2023 quarterly Mar 2007 - Dec 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 46.5 Dec 2023 quarterly Dec 1999 - Dec 2023
New Zealand (%) 38.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Nigeria (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Norway (%) 44.3 2023 yearly 1995 - 2023
Oman (%) 41.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 72.6 Sep 2023 quarterly Dec 2010 - Sep 2023
Panama (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
Paraguay (%) 34.8 Dec 2023 quarterly Dec 2014 - Dec 2023
Peru (%) 32.9 Dec 2023 quarterly Mar 1999 - Dec 2023
Philippines (%) 60.1 Dec 2023 quarterly Mar 1993 - Dec 2023
Poland (%) 49.8 Dec 2023 quarterly Dec 2002 - Dec 2023
Portugal (%) 99.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.7 Dec 2023 quarterly Dec 2011 - Dec 2023
Russia (%) 14.9 Dec 2023 quarterly Dec 2011 - Dec 2023
Saudi Arabia (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 2023
Serbia (%) 52.0 Dec 2023 quarterly Sep 2004 - Dec 2023
Singapore (%) 170.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Slovenia (%) 69.2 Dec 2023 quarterly Dec 1999 - Dec 2023
South Africa (%) 73.9 Dec 2023 quarterly Dec 1960 - Dec 2023
Spain (%) 107.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Sri Lanka (%) 104.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Sweden (%) 30.4 Sep 2023 quarterly Mar 1996 - Sep 2023
Switzerland (%) 23.1 2027 yearly 1990 - 2027
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 29.5 Dec 2023 quarterly Dec 2001 - Dec 2023
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Sri Lanka Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.5 Sep 2023 quarterly Dec 2014 - Sep 2023
Tax Revenue (USD mn) 5,458.017 2022 yearly 1990 - 2022
Tax Revenue: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2014 - Sep 2023
National Government Debt (USD mn) 86,964.6 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: % of GDP (%) 104.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Forecast: Government Expenditure (LKR bn) 4,472.550 2022 yearly 1990 - 2022
Forecast: Government Net Debt (LKR bn) 27,899.420 2022 yearly 1990 - 2022
Forecast: Government Revenue (LKR bn) 2,012.590 2022 yearly 1990 - 2022
Government Debt: Domestic (LKR mn) 16,617,629.160 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: Foreign (LKR mn) 11,402,380.792 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Capital & Net Lending (LKR mn) 170,568.510 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Revenue & Grants​: Revenue (LKR mn) 795,600.830 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & Lending Minus Repayments (LR) (LKR mn) 1,172,712.077 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Recurrent (LKR mn) 1,002,143.567 Sep 2023 quarterly Mar 2014 - Sep 2023
Overall Fiscal Surplus/Deficit (LKR mn) -371,009.687 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.626 2028 yearly 1980 - 2028
Trade Balance (USD mn) -319.1 Feb 2024 monthly Jan 1982 - Feb 2024
Total Exports (USD mn) 1,059.3 Feb 2024 monthly Jan 1982 - Feb 2024
Total Exports Growth (%) 7.9 Feb 2024 monthly Jan 1983 - Feb 2024
Aluminum: Exports (USD th) 8,005.174 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 8,546.747 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 3,537.951 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,378.4 Feb 2024 monthly Jan 1982 - Feb 2024
Total Imports Growth (%) 35.0 Feb 2024 monthly Jan 1983 - Feb 2024
Imports: Medicament (USD th) 381,649.432 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 128,854.946 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 211.902 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 33.763 Dec 2023 monthly Jan 1978 - Dec 2023
Total Exports to China (USD mn) 17.680 Dec 2023 monthly Jan 2016 - Dec 2023
Total Imports from China (USD mn) 306.538 Dec 2023 monthly Jan 2016 - Dec 2023
Exports: Germany (USD mn) 742.000 2022 yearly 2003 - 2022
Imports: Investment Goods (LKR mn) 89,464.831 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods: Fuel (LKR mn) 90,795.175 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Consumer Goods (LKR mn) 78,022.382 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods: Textiles & Textile Articles (LKR mn) 76,919.404 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods (LKR mn) 262,645.135 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: India (USD mn) 4,738.000 2022 yearly 2003 - 2022
Export Volume Index (EVoI): 2010=100 (2010=100) 200.505 Jan 2024 monthly Jan 2010 - Jan 2024
Import Volume Index (IVoI): 2010=100 (2010=100) 169.493 Jan 2024 monthly Jan 2010 - Jan 2024
Terms of Trade Index: 2010=100 (2010=100) 107.103 Feb 2024 monthly Jan 2010 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8.5 Dec 2023 quarterly Mar 2012 - Dec 2023
Current Account Balance (USD mn) 237.2 Dec 2023 quarterly Mar 1977 - Dec 2023
Current Account Balance: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment (USD mn) 250.9 Dec 2023 quarterly Mar 1977 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) 44.911 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1.3 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 46.216 Dec 2023 quarterly Mar 2012 - Dec 2023
External Debt (USD mn) 54,831.6 Dec 2023 quarterly Dec 2012 - Dec 2023
External Debt: % of GDP (%) 75.0 2022 yearly 1998 - 2022
External Debt: Short Term (USD mn) 5,031.5 Dec 2023 quarterly Dec 2012 - Dec 2023
External Debt: Short Term: % of GDP (%) 11.5 2022 yearly 1998 - 2022
Forecast: Current Account Balance (USD bn) -0.744 2022 yearly 1980 - 2022
Net International Investment Position (USD mn) -51,439.912 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Liabilities: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Assets: Errors & Ommissions (USD mn) 192.632 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Assets: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
IIP: Liabilities (USD mn) 63,986.189 Dec 2023 quarterly Dec 2012 - Dec 2023
International Investment Position (IIP): Net (USD mn) -51,439.912 Dec 2023 quarterly Dec 2012 - Dec 2023
IIP: Assets (USD mn) 12,546.277 Dec 2023 quarterly Dec 2012 - Dec 2023
No of Registered Enterprises (Unit) 6,298.000 2022 yearly 1994 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 2021 yearly 1998 - 2021
Household Debt: % of GDP (%) 6.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Money Supply M1 (USD mn) 5,088.870 Jan 2024 monthly Jan 1994 - Jan 2024
Money Supply M2 (USD mn) 36,267.306 Jan 2024 monthly Jan 1994 - Jan 2024
M2 Growth (%) 8.9 Jan 2024 monthly Jan 1995 - Jan 2024
Reserve Requirement Ratio (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Foreign Exchange Reserves (USD mn) 4,482.3 Feb 2024 monthly Dec 1956 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 3.3 Feb 2024 monthly Jan 1982 - Feb 2024
Gold Reserves (USD mn) 30.962 Feb 2024 monthly Dec 1977 - Feb 2024
Total Deposits (USD mn) 45,118.862 Jul 2023 monthly Dec 2002 - Jul 2023
Total Deposits Growth (%) 6.7 Jul 2023 monthly Dec 2003 - Jul 2023
Domestic Credit (USD mn) 1,267.7 Dec 2023 monthly Jan 1996 - Dec 2023
Domestic Credit Growth (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Household Debt (USD mn) 5,580.5 Jun 2023 quarterly Jun 2010 - Jun 2023
Total Loans (USD mn) 26,218.887 Jan 2024 monthly Dec 1983 - Jan 2024
Total Loans Growth (%) -0.36 Jan 2024 monthly Dec 1984 - Jan 2024
Private Debt: % of Nominal GDP (%) 25.97 Jun 2023 quarterly Dec 2010 - Jun 2023
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) 4,482.341 Feb 2024 monthly Nov 2013 - Feb 2024
Official Reserve Assets (ORA) (USD mn) 4,520.000 Feb 2024 monthly Nov 2013 - Feb 2024
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) 1,714,837.000 Jun 2023 quarterly Jun 2010 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Business Sentiment Index: Business Condition: Current Quarter (Index) 93.000 Dec 2023 quarterly Jun 2014 - Dec 2023
Purchasing Managers Index: Manufacturing (Index) 56.000 Feb 2024 monthly May 2015 - Feb 2024

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