Public and publicly guaranteed debt service in Sri Lanka
Sri Lanka: Public and publicly guaranteed debt service was 2.8% in 2024. ▲ Rising
Public and publicly guaranteed debt service in Sri Lanka, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, public and publicly guaranteed debt service in Sri Lanka stood at 2.8%.
Compared with earlier readings it is up 47.7% on the previous year and down 32.6% over ten years.
Over the whole period, public and publicly guaranteed debt service in Sri Lanka peaked at 5.7% in 2019 and was at its lowest, 1.3%, in 2005.
That places Sri Lanka 47th out of 123 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Public and publicly guaranteed debt service in Sri Lanka, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.9% | — |
| 1971 | 1.9% | -2.0% |
| 1972 | 2.1% | +11.1% |
| 1973 | 2.1% | -1.3% |
| 1974 | 2.1% | +2.4% |
| 1975 | 4.1% | +92.3% |
| 1976 | 4.2% | +2.6% |
| 1977 | 3.6% | -15.1% |
| 1978 | 3.6% | +1.9% |
| 1979 | 2.3% | -36.2% |
| 1980 | 2.1% | -10.7% |
| 1981 | 2.1% | +2.9% |
| 1982 | 3.0% | +38.9% |
| 1983 | 3.2% | +8.4% |
| 1984 | 3.3% | +2.0% |
| 1985 | 3.6% | +10.0% |
| 1986 | 4.0% | +11.5% |
| 1987 | 4.8% | +18.8% |
| 1988 | 4.7% | -2.1% |
| 1989 | 4.4% | -6.1% |
| 1990 | 3.6% | -18.7% |
| 1991 | 3.3% | -8.9% |
| 1992 | 3.6% | +11.6% |
| 1993 | 3.5% | -2.5% |
| 1994 | 3.3% | -7.9% |
| 1995 | 3.0% | -7.5% |
| 1996 | 2.8% | -6.0% |
| 1997 | 2.7% | -3.5% |
| 1998 | 2.8% | +3.1% |
| 1999 | 3.7% | +30.2% |
| 2000 | 3.8% | +3.3% |
| 2001 | 3.4% | -10.1% |
| 2002 | 3.1% | -7.9% |
| 2003 | 2.6% | -17.6% |
| 2004 | 2.7% | +2.7% |
| 2005 | 1.3% | -51.4% |
| 2006 | 2.5% | +91.3% |
| 2007 | 2.3% | -7.7% |
| 2008 | 2.5% | +11.2% |
| 2009 | 2.7% | +5.3% |
| 2010 | 2.0% | -23.9% |
| 2011 | 1.6% | -21.5% |
| 2012 | 2.5% | +58.1% |
| 2013 | 1.8% | -29.8% |
| 2014 | 4.2% | +135.3% |
| 2015 | 2.9% | -29.1% |
| 2016 | 2.5% | -16.6% |
| 2017 | 3.8% | +52.6% |
| 2018 | 4.8% | +28.4% |
| 2019 | 5.7% | +19.1% |
| 2020 | 5.3% | -7.5% |
| 2021 | 4.8% | -9.8% |
| 2022 | 2.8% | -41.7% |
| 2023 | 1.9% | -32.0% |
| 2024 | 2.8% | +47.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | 1.9% | 4.2% | 10 |
| 1980s | 3.5% | 2.1% | 4.8% | 10 |
| 1990s | 3.2% | 2.7% | 3.7% | 10 |
| 2000s | 2.7% | 1.3% | 3.8% | 10 |
| 2010s | 3.2% | 1.6% | 5.7% | 10 |
| 2020s | 3.5% | 1.9% | 5.3% | 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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 6,637 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Sri Lanka?
- Public and publicly guaranteed debt service in Sri Lanka was 2.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Sri Lanka?
- The highest recorded value was 5.7% in 2019.
- What is the lowest public and publicly guaranteed debt service recorded in Sri Lanka?
- The lowest recorded value was 1.3% in 2005.
- How does Sri Lanka rank for public and publicly guaranteed debt service?
- Sri Lanka ranks 47th out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Sri Lanka?
- Over the last ten years it is down 32.6%. The long-run trend across the full record is rising.
- Where does this Sri Lanka data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.