Sri Lanka - Taxes on international trade (% of revenue)

Taxes on international trade (% of revenue) in Sri Lanka was 17.56 as of 2019. Its highest value over the past 29 years was 26.02 in 1990, while its lowest value was 10.91 in 2001.

Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1990 26.02
1991 23.43
1992 23.01
1993 19.42
1994 19.10
1995 16.79
1996 16.54
1997 15.54
1998 15.46
1999 13.68
2000 11.08
2001 10.91
2002 11.91
2003 13.96
2004 15.20
2005 13.67
2006 14.56
2007 14.19
2008 14.31
2009 18.92
2010 15.67
2011 16.64
2012 20.31
2013 16.63
2014 16.72
2015 16.72
2016 21.51
2017 20.19
2018 17.68
2019 17.56

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance