Military spending in Sri Lanka
Sri Lanka: Military spending was 1.52 billion constant 2022 US$ in 2023. ◆ Volatile
Military spending in Sri Lanka, 1948–2023
Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
Sri Lanka recorded 1.52 billion constant 2022 US$ for military spending in 2023.
Compared with earlier readings it is down 2.1% on the previous year and down 25.5% over ten years.
Over the whole period, military spending in Sri Lanka peaked at 2.16 billion constant 2022 US$ in 2018 and was at its lowest, 12.58 million constant 2022 US$, in 1950.
Sri Lanka ranks 76th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 14.94 million constant 2022 US$ | 13.89 million constant 2022 US$ | 15.99 million constant 2022 US$ | 2 |
| 1950s | 53.81 million constant 2022 US$ | 12.58 million constant 2022 US$ | 105.50 million constant 2022 US$ | 10 |
| 1960s | 89.79 million constant 2022 US$ | 75.97 million constant 2022 US$ | 105.87 million constant 2022 US$ | 10 |
| 1970s | 100.06 million constant 2022 US$ | 82.59 million constant 2022 US$ | 137.64 million constant 2022 US$ | 10 |
| 1980s | 339.71 million constant 2022 US$ | 122.07 million constant 2022 US$ | 575.72 million constant 2022 US$ | 10 |
| 1990s | 994.12 million constant 2022 US$ | 643.72 million constant 2022 US$ | 1.35 billion constant 2022 US$ | 10 |
| 2000s | 1.21 billion constant 2022 US$ | 788.89 million constant 2022 US$ | 1.93 billion constant 2022 US$ | 10 |
| 2010s | 2.03 billion constant 2022 US$ | 1.83 billion constant 2022 US$ | 2.16 billion constant 2022 US$ | 10 |
| 2020s | 1.68 billion constant 2022 US$ | 1.52 billion constant 2022 US$ | 1.91 billion constant 2022 US$ | 4 |
Countries ranked near Sri Lanka
More reference data data for Sri Lanka
- Spring temperature anomalies 0.1264 °C (2026)
- Summer temperature anomalies 0.2745 °C (2026)
- Temperature anomalies by month 0.0088 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.7892 °C (2025)
- Winter temperature anomalies 0.372 °C (2025)
- Consumer price index 292.34 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in Sri Lanka?
- Military spending in Sri Lanka was 1.52 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Sri Lanka?
- The highest recorded value was 2.16 billion constant 2022 US$ in 2018.
- What is the lowest military spending recorded in Sri Lanka?
- The lowest recorded value was 12.58 million constant 2022 US$ in 1950.
- How does Sri Lanka rank for military spending?
- Sri Lanka ranks 76th out of 172 countries with data for 2023.
- Is military spending rising or falling in Sri Lanka?
- Over the last ten years it is down 25.5%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka data come from?
- The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.