Sri Lanka’s Revenue to GDP Ratio Reaches Its Lowest Level Since 1959

Abstract

Data on Sri Lanka’s revenue to GDP ratio is available from 1959 onwards.

The average tax to GDP ratio from 1959 to 2021 is 16%. In 2021 the tax to GDP ratio dropped to 8%, which the lowest ratio since 1959 and is half of the average ratio.

Source : Statistical Appendix , Central Bank of Sri Lanka Annual Report 2021. Available at - https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/2021/en/16_S_Appendix.pdf