In 2022, the ratio of military expenditure to gross domestic product (GDP) in Sri Lanka decreased by 0.5 percentage points (-26.46 percent) compared to 2021. Therefore, the ratio in Sri Lanka saw its lowest number in that year with 1.43 percent. Over the observed period, the ratio has been subject to fluctuation. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.
Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
Characteristic
Ratio of military spending to GDP
2022
1.43%
2021
1.89%
2020
1.74%
2019
1.75%
2018
1.73%
2017
1.98%
2016
1.98%
2015
2.42%
2014
2.41%
2013
2.15%
2012
2.16%
Created with Highcharts 7.2.2Ratio of military spending to GDP2.16%2.16%2.15%2.15%2.41%2.41%2.42%2.42%1.98%1.98%1.98%1.98%1.73%1.73%1.75%1.75%1.74%1.74%1.89%1.89%1.43%1.43%20122013201420152016201720182019202020212022
0%0.5%1%1.5%2%2.5%3%
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World Bank. (October 24, 2024). Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/
World Bank. "Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. October 24, 2024. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/
World Bank. (2024). Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/
World Bank. "Sri Lanka: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/
World Bank, Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/ (last visited February 18, 2025)
Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/
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