The ratio of military expenditure to gross domestic product (GDP) in Sri Lanka decreased by 0.5 percentage points (-26.46 percent) since the previous year. As a result, the ratio in Sri Lanka saw its lowest number in 2022 with 1.43 percent. Over the observed period, the ratio has been subject to fluctuation. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.
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World Bank. (June 28, 2024). Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved August 25, 2024, 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. June 28, 2024. Statista. Accessed August 25, 2024. 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: August 25, 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, Statista Inc., 28 Jun 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 August 25, 2024)
Sri Lanka: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/810607/ratio-of-military-expenditure-to-gross-domestic-product-gdp-sri-lanka/