Debt service (PPG and IMF only, % of exports of goods, services and) in Sri Lanka
Sri Lanka: Debt service (PPG and IMF only, % of exports of goods, services and) was 15.1% in 2024. ▬ Flat
Debt service (PPG and IMF only, % of exports of goods, services and) in Sri Lanka, 1975–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
In 2024, debt service (ppg and imf only, % of exports of goods, services and) in Sri Lanka stood at 15.1%.
The figure is up 47.1% on the previous year and down 37.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Sri Lanka peaked at 33.0% in 2020 and was at its lowest, 4.6%, in 2005.
That places Sri Lanka 20th out of 118 countries with data for 2024, putting it in the top quarter.
Debt service (PPG and IMF only, % of exports of goods, services and) in Sri Lanka, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | 26.5% | — |
| 1976 | 25.1% | -5.2% |
| 1977 | 18.2% | -27.4% |
| 1978 | 13.5% | -25.7% |
| 1979 | 11.5% | -15.4% |
| 1980 | 10.7% | -6.3% |
| 1981 | 12.7% | +18.5% |
| 1982 | 16.1% | +26.4% |
| 1983 | 17.1% | +6.4% |
| 1984 | 13.9% | -18.5% |
| 1985 | 17.7% | +27.2% |
| 1986 | 23.5% | +32.3% |
| 1987 | 25.3% | +7.7% |
| 1988 | 24.1% | -4.6% |
| 1989 | 20.9% | -13.3% |
| 1990 | 14.8% | -29.1% |
| 1991 | 15.1% | +2.1% |
| 1992 | 14.6% | -3.8% |
| 1993 | 11.2% | -23.3% |
| 1994 | 9.6% | -13.8% |
| 1995 | 8.8% | -8.8% |
| 1996 | 8.7% | -1.2% |
| 1997 | 8.3% | -4.3% |
| 1998 | 8.8% | +5.9% |
| 1999 | 11.7% | +33.5% |
| 2000 | 10.9% | -7.4% |
| 2001 | 9.6% | -11.3% |
| 2002 | 9.4% | -2.0% |
| 2003 | 7.8% | -17.4% |
| 2004 | 9.0% | +15.0% |
| 2005 | 4.6% | -49.0% |
| 2006 | 9.7% | +113.5% |
| 2007 | 7.6% | -22.1% |
| 2008 | 10.6% | +39.3% |
| 2009 | 13.3% | +25.7% |
| 2010 | 10.7% | -19.4% |
| 2011 | 7.8% | -26.9% |
| 2012 | 13.3% | +70.3% |
| 2013 | 12.0% | -10.3% |
| 2014 | 24.3% | +103.0% |
| 2015 | 17.4% | -28.4% |
| 2016 | 14.6% | -15.8% |
| 2017 | 19.2% | +31.4% |
| 2018 | 21.7% | +12.9% |
| 2019 | 25.4% | +17.0% |
| 2020 | 33.0% | +30.1% |
| 2021 | 27.9% | -15.4% |
| 2022 | 13.3% | -52.3% |
| 2023 | 10.3% | -23.1% |
| 2024 | 15.1% | +47.1% |
Sri Lanka compared with similar countries
- Sri Lanka's 15.1% is above the median for upper middle income countries, which is 7.8%, 1.9× the median. (50 countries reporting)
- Sri Lanka's 15.1% is above the median for South Asia, which is 9.9%, 1.5× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.0% | 11.5% | 26.5% | 5 |
| 1980s | 18.2% | 10.7% | 25.3% | 10 |
| 1990s | 11.2% | 8.3% | 15.1% | 10 |
| 2000s | 9.2% | 4.6% | 13.3% | 10 |
| 2010s | 16.6% | 7.8% | 25.4% | 10 |
| 2020s | 19.9% | 10.3% | 33.0% | 5 |
Countries ranked near Sri Lanka
More external debt data for Sri Lanka
- IFC, private nonguaranteed -48.93 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -2.23 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0005 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -592.87 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.8% (2024)
- Net financial flows, IDA 260.96 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 11.91 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0026 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 64.29 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 13.4% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Sri Lanka?
- Debt service (ppg and imf only, % of exports of goods, services and) in Sri Lanka was 15.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Sri Lanka?
- The highest recorded value was 33.0% in 2020.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Sri Lanka?
- The lowest recorded value was 4.6% in 2005.
- How does Sri Lanka rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Sri Lanka ranks 20th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Sri Lanka?
- Over the last ten years it is down 37.8%. The long-run trend across the full record is flat.
- Where does this Sri Lanka data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.