Sri Lanka - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Sri Lanka was 11.56 as of 2019. Its highest value over the past 29 years was 19.02 in 1990, while its lowest value was 10.14 in 2014.

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1990 19.02
1991 18.30
1992 17.95
1993 17.47
1994 17.17
1995 17.75
1996 16.95
1997 16.01
1998 14.48
1999 15.01
2000 14.50
2001 14.63
2002 14.02
2003 12.71
2004 13.47
2005 13.73
2006 14.58
2007 14.22
2008 13.28
2009 12.80
2010 11.30
2011 11.26
2012 10.41
2013 10.49
2014 10.14
2015 12.38
2016 12.20
2017 12.53
2018 11.98
2019 11.56

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance