Sri Lanka: Taxes on goods and services

* indicates monthly or quarterly data series
 Sri Lanka

Taxes on goods and services, percent of total revenue

 Latest value 43.37
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 48.63
 Min - Max 37.54 - 59.84
 Source The World Bank
The latest value from 2022 is 43.37 percent, a decline from 43.93 percent in 2021. In comparison, the world average is 37.61 percent, based on data from 95 countries. Historically, the average for Sri Lanka from 1990 to 2022 is 48.63 percent. The minimum value, 37.54 percent, was reached in 2009 while the maximum of 59.84 percent was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Sri Lanka - Taxes on goods and services - Recent values chart

Historical series
Sri Lanka - Taxes on goods and services - historical chart - 1990-2022




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 6.85 2023 percent
 Government spending, in dollars 5.78 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -8.30 2023 percent
 Government debt 103.90 2023 percent
 Government expenditure 470.98 Q1/2024 billion
 Tax revenue 7.28 2022 percent
 Commercial tax rate 55.20 2019 percent
 Tax preparation time 129 2019 hours
 Number of taxes 36 2019 taxes
 Taxes on goods and services 43.37 2022 percent
 Taxes on international trade 17.10 2022 percent
 Income and profits taxes 26.52 2022 percent
 Foreign aid 11.05 2022 million U.S. dollars
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