- 2020 – 101%
- 2021 – expected to reach 110%
- 2022 – 115%
- 2023 – 120%
- 70.61% – average government debt to GDP – 1950 to 2020
- 108.70% – 1989 – highest so far
- 16.30% – 1951 – record low
The Rajapaksa family took over Sri Lanka’s political reign in 2005.
Sri Lanka’s civil war with LTTE ended in 2009.
Sri Lanka’s government debt to GDP ratio decreased till 2012.
In fact, 2002 to 2012 saw almost consistent decline.
- 2002 (105.6%) / 2003 (102.3%) / 2004 (102.3%) / 2005 (90.6%) / 2006 (87.9%) /2007 (85%) / 2008 (81.4%) / 2009 (86.2%) / 2010 (71.6%) / 2011 (71.1%) / 2012 (68.7%)
But started shooting up since 2013.
- 2013 (70.8%) / 2014 (71.3%) / 2015 (78.5%) / 2016 (79%) / 2017 (79.9%) / 2018 (83.7%) 2019 (86.8%) / 2020 (101%)
(Data from Trading Economics)