(P30) Sri Lanka Debt (basics)

Admin
July 17, 2021

Sri Lanka national debt goes up

In 2019 Sri Lanka public debt was 72,888 million dollars, has increased 1,120 million since 2018.

This amount means that the debt in 2019 reached 86.8% of Sri Lanka GDP, a 2.59 percentage point rise from 2018, when it was 84.21% of GDP.

If we check the tables we can see the evolution of Sri Lanka debt. It has risen since 2009 in global debt terms, when it was 36,233 million dollars and also in terms of GDP percentage, when it amounted to 75.2%.

According to the last data point published, Sri Lanka per capita debt in 2019 was 3,343 dollars per inhabitant. In 2018 it was 3,415 dollars, afterwards rising by 72 dollars, and if we again check 2009 we can see that then the debt per person was 1,800 dollars .

The position of Sri Lanka, as compared with the rest of the world, has improved in 2019 in terms of GDP percentage. Currently it is country number 152 in the list of debt to GDP and 103 in debt per capita, out of the 189 we publish.

 

In this page we show you the progression of the public debt in Sri Lanka. You can see debt in other countries in Public debt and see all the information about Sri Lanka in economy of Sri Lanka.

Sri Lanka: Evolution of debt
Date Debt (M.$.) Debt (%GDP) Debt Per Capita
2019 72,888 86.80% 3,343$
2018 74,008 84.21% 3,415$
2017 68,128 77.90% 3,177$
2016 65,120 79.02% 3,071$
2015 63,219 78.49% 3,015$
2014 57,262 72.22% 2,756$
2013 53,294 71.78% 2,589$
2012 47,569 69.61% 2,329$
2011 46,418 71.11% 2,276$
2010 40,569 71.57% 2,002$
2009 36,233 75.20% 1,800$
2008 33,142 71.10% 1,658$
2007 27,494 74.27% 1,386$
2006 24,846 76.79% 1,261$
2005 22,107 79.17% 1,131$
2004 21,136 89.41% 1,090$
2003 19,329 89.36% 1,005$
2002 19,504 99.55% 1,023$
2001 16,227 87.21% 858$
2000 15,839 81.87% 843$
1999 14,859 80.31% 796$
1998 14,143 76.74% 762$
1997 13,008 72.51% 704$
1996 12,647 78.80% 689$
1995 11,771 80.43% 645$
1994 11,096 80.52% 613$
1993 9,778 81.84% 545$
1992 9,004 80.57% 508$
1991 8,626 83.20% 492$
1990 7,726 81.60% 446$
Sri Lanka: Evolution of debt as a percentage of GDP
1995199520002000200520052010201020152015707075758080858590909595Debt (%GDP)Debt (%GDP)

Date Debt (%GDP)
1990 81.60%
1991 83.20%
1992 80.57%
1993 81.84%
1994 80.52%
1995 80.43%
1996 78.80%
1997 72.51%
1998 76.74%
1999 80.31%
2000 81.87%
2001 87.20%
2002 99.55%
2003 89.36%
2004 89.41%
2005 79.17%
2006 76.79%
2007 74.27%
2008 71.10%
2009 75.20%
2010 71.57%
2011 71.11%
2012 69.61%
2013 71.78%
2014 72.22%
2015 78.49%
2016 79.02%
2017 77.90%
2018 84.21%
2019 86.80%
Sri Lanka: Evolution of debt in millions
199519952000200020052005201020102015201520,00020,00040,00040,00060,00060,000Debt (M.$.)Debt (M.$.)

Date Debt (M.$.)
1990 7,726
1991 8,626
1992 9,004
1993 9,778
1994 11,096
1995 11,771
1996 12,647
1997 13,008
1998 14,143
1999 14,859
2000 15,839
2001 16,227
2002 19,504
2003 19,329
2004 21,136
2005 22,107
2006 24,846
2007 27,494
2008 33,142
2009 36,233
2010 40,569
2011 46,418
2012 47,569
2013 53,294
2014 57,262
2015 63,219
2016 65,120
2017 68,128
2018 74,008
2019 72,888
Sri Lanka – Public Debt
The economy should have recovered somewhat in Q3 after it likely contracted at the height of the pandemic in Q2. Industrial production declined at a
much softer rate in July–August relative to Q2. Moreover, the services and manufacturing PMIs were markedly higher in Q3 than in the prior quarter,
hinting at strengthening private sector activity. In addition, remittances improved significantly in the same period, boding well for private consumption.
Turning to Q4, the economy is facing rising headwinds stemming from fresh restrictions imposed in October following a surge in Covid-19 cases. In other
news, the government will present the 2021 budget to parliament on 17 November. According to the appropriation bill published ahead of the budget, next
year should see expenditure of LKR 2.7 trillion—USD 14.5 billion or 17% of GDP—above the LKR 2.5 trillion expected spending for 2020. The biggest
share will be directed at defense, highways and local government.
Sri Lanka – Public Debt Data

2015 2015 2016 2017 2018
Public Debt (% of GDP) 77.7 79.0 77.9 83.7 2019 =86.8

Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total
external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use
of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one
year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.
Sri Lanka external debt for 2019 was $56,095,468,647, a 6.02% increase from 2018.
Sri Lanka external debt for 2018 was $52,909,414,662, a 4.22% increase from 2017.
Sri Lanka external debt for 2017 was $50,765,585,410, a 8.8% increase from 2016.
Sri Lanka external debt for 2016 was $46,661,487,970, a 6.23% increase from 2015.

External balance on goods and services (formerly resource balance) equals exports of goods and
services minus imports of goods and services (previously nonfactor services). Data are in current U.S.
dollars.
Sri Lanka trade balance for 2019 was $-5.14B, a 21.3% decline from 2018.
Sri Lanka trade balance for 2018 was $-6.54B, a 3.49% increase from 2017.
Sri Lanka trade balance for 2017 was $-6.32B, a 5.16% increase from 2016.
Sri Lanka trade balance for 2016 was $-6.01B, a 1.09% decline from 2015.
 
Imports of goods and services represent the value of all goods and other market services received
from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel,
royalties, license fees, and other services, such as communication, construction, financial, information,
business, personal, and government services. They exclude compensation of employees and
investment income (formerly called factor services) and transfer payments. Data are in current U.S.
dollars.
Sri Lanka imports for 2019 was $24.57B, a 8.33% decline from 2018.
Sri Lanka imports for 2018 was $26.80B, a 5.51% increase from 2017.
Sri Lanka imports for 2017 was $25.40B, a 8.31% increase from 2016.
Sri Lanka imports for 2016 was $23.45B, a 1.93% increase from 2015.
 
Exports of goods and services represent the value of all goods and other market services provided to
the rest of the world. They include the value of merchandise, freight, insurance, transport, travel,
royalties, license fees, and other services, such as communication, construction, financial, information,
business, personal, and government services. They exclude compensation of employees and
investment income (formerly called factor services) and transfer payments. Data are in current U.S.
dollars.
Sri Lanka exports for 2019 was $19.43B, a 4.14% decline from 2018.
Sri Lanka exports for 2018 was $20.27B, a 6.17% increase from 2017.
Sri Lanka exports for 2017 was $19.09B, a 9.4% increase from 2016.
Sri Lanka exports for 2016 was $17.45B, a 3.01% increase from 2015.
 
International tourism receipts are expenditures by international inbound visitors, including payments to
national carriers for international transport. These receipts include any other prepayment made for
goods or services received in the destination country. They also may include receipts from same-day
visitors, except when these are important enough to justify separate classification. For some countries
they do not include receipts for passenger transport items. Data are in current U.S. dollars.
Sri Lanka tourism statistics for 2018 was 5,608,000,000.00, a 10.33% increase from 2017.
Sri Lanka tourism statistics for 2017 was 5,083,000,000.00, a 10.72% increase from 2016.
Sri Lanka tourism statistics for 2016 was 4,591,000,000.00, a 15.41% increase from 2015.
Sri Lanka tourism statistics for 2015 was 3,978,000,000.00, a 21.35% increase from 2014.
 
Foreign direct investment refers to direct investment equity flows in the reporting economy. It is the
sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of
cross-border investment associated with a resident in one economy having control or a significant
degree of influence on the management of an enterprise that is resident in another economy.
Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining
the existence of a direct investment relationship. Data are in current U.S. dollars.
Sri Lanka foreign direct investment for 2019 was $0.76B, a 53.03% decline from 2018.
Sri Lanka foreign direct investment for 2018 was $1.61B, a 17.58% increase from 2017.
Sri Lanka foreign direct investment for 2017 was $1.37B, a 53.03% increase from 2016.
Sri Lanka foreign direct investment for 2016 was $0.90B, a 31.99% increase from 2015.
 
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