Revenue from corporate income taxes as a share of GDP in Sri Lanka
Sri Lanka: Revenue from corporate income taxes as a share of GDP was 1.3% in 2017. ▼ Falling
Latest (2017)
1.3%
Change on year
down 3.5%
World rank
140th
of 163 countries
All-time high
2.2%
in 1985
All-time low
0.7%
in 2004
Years of data
38
1980–2017
Revenue from corporate income taxes as a share of GDP in Sri Lanka, 1980–2017
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for revenue from corporate income taxes as a share of gdp in Sri Lanka is 1.3%, measured in 2017.
Compared with earlier readings it is down 3.5% on the previous year and down 1.9% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Sri Lanka peaked at 2.2% in 1985 and was at its lowest, 0.7%, in 2004.
Sri Lanka ranks 140th of 163 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 38 years of available data.
Revenue from corporate income taxes as a share of GDP in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 2.1% | — |
| 1981 | 1.5% | -29.5% |
| 1982 | 1.8% | +24.2% |
| 1983 | 1.7% | -4.5% |
| 1984 | 2.0% | +18.9% |
| 1985 | 2.2% | +5.9% |
| 1986 | 1.5% | -28.8% |
| 1987 | 1.4% | -7.2% |
| 1988 | 1.2% | -15.3% |
| 1989 | 1.0% | -18.6% |
| 1990 | 1.1% | +16.6% |
| 1991 | 1.4% | +22.0% |
| 1992 | 1.4% | -2.3% |
| 1993 | 1.2% | -8.9% |
| 1994 | 1.4% | +12.8% |
| 1995 | 1.2% | -12.0% |
| 1996 | 1.5% | +18.0% |
| 1997 | 1.2% | -15.5% |
| 1998 | 1.0% | -20.9% |
| 1999 | 1.4% | +43.4% |
| 2000 | 1.1% | -24.5% |
| 2001 | 1.2% | +17.2% |
| 2002 | 0.7% | -40.0% |
| 2003 | 0.7% | -2.7% |
| 2004 | 0.7% | -3.8% |
| 2005 | 0.9% | +27.9% |
| 2006 | 1.1% | +28.6% |
| 2007 | 1.4% | +18.6% |
| 2008 | 1.3% | -7.1% |
| 2009 | 1.2% | -4.4% |
| 2010 | 1.2% | -2.8% |
| 2011 | 1.4% | +16.7% |
| 2012 | 1.1% | -23.0% |
| 2013 | 1.0% | -0.3% |
| 2014 | 0.9% | -9.7% |
| 2015 | 1.5% | +56.1% |
| 2016 | 1.4% | -6.6% |
| 2017 | 1.3% | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.6% | 1.0% | 2.2% | 10 |
| 1990s | 1.3% | 1.0% | 1.5% | 10 |
| 2000s | 1.0% | 0.7% | 1.4% | 10 |
| 2010s | 1.2% | 0.9% | 1.5% | 8 |
Countries ranked near Sri Lanka
- 137 Lao People's Democratic Republic 1.5% compare
- 138 Benin 1.4% compare
- 139 Macau, China 1.4% compare
- 141 Oman 1.3% compare
- 142 Central African Republic 1.2% compare
- 143 Tanzania, United Republic of 1.2% compare
More economy & growth data for Sri Lanka
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -8.07 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -7.82 Percent per annum (2022)
- Foreign direct investment, net outflows (BoP, current US$), gaps 110.33 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0011 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 761.14 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 34.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 38.34 % change on previous year (2024)
Frequently asked questions
- What is revenue from corporate income taxes as a share of gdp in Sri Lanka?
- Revenue from corporate income taxes as a share of gdp in Sri Lanka was 1.3% in 2017, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Sri Lanka?
- The highest recorded value was 2.2% in 1985.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Sri Lanka?
- The lowest recorded value was 0.7% in 2004.
- How does Sri Lanka rank for revenue from corporate income taxes as a share of gdp?
- Sri Lanka ranks 140th out of 163 countries with data for 2017.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Sri Lanka?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is falling.
- Where does this Sri Lanka data come from?
- The figures come from International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Corporate income taxes include natural resources taxes.