Military spending gmsd in Sri Lanka

Sri Lanka: Military spending gmsd was 1.52 billion in 2023. ◆ Volatile

Latest (2023)
1.52 billion
Change on year
down 2.1%
World rank
76th
of 172 countries
All-time high
2.16 billion
in 2018
All-time low
12.58 million
in 1950
Years of data
76
1948–2023

Military spending gmsd in Sri Lanka, 1948–2023

0500.0M1.0B1.5B2.0B194819852023

Source: Our World in Data.

Analysis

Sri Lanka recorded 1.52 billion for military spending gmsd 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 gmsd in Sri Lanka peaked at 2.16 billion in 2018 and was at its lowest, 12.58 million, 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.

Military spending gmsd in Sri Lanka, year by year

Annual values for Military spending gmsd in Sri Lanka, 1948 to 2023.
Year Value Change
1948 15.99 million —
1949 13.89 million -13.1%
1950 12.58 million -9.5%
1951 18.12 million +44.1%
1952 24.44 million +34.9%
1953 32.72 million +33.9%
1954 50.36 million +53.9%
1955 49.78 million -1.1%
1956 61.88 million +24.3%
1957 79.68 million +28.8%
1958 103.01 million +29.3%
1959 105.50 million +2.4%
1960 101.22 million -4.1%
1961 105.87 million +4.6%
1962 100.30 million -5.3%
1963 93.84 million -6.4%
1964 90.04 million -4.1%
1965 88.53 million -1.7%
1966 84.33 million -4.7%
1967 81.46 million -3.4%
1968 75.97 million -6.7%
1969 76.29 million +0.4%
1970 82.59 million +8.3%
1971 137.64 million +66.7%
1972 121.30 million -11.9%
1973 98.29 million -19.0%
1974 90.67 million -7.8%
1975 89.46 million -1.3%
1976 86.94 million -2.8%
1977 85.86 million -1.2%
1978 89.67 million +4.4%
1979 118.20 million +31.8%
1980 122.07 million +3.3%
1981 129.26 million +5.9%
1982 139.82 million +8.2%
1983 166.76 million +19.3%
1984 189.97 million +13.9%
1985 430.69 million +126.7%
1986 575.72 million +33.7%
1987 575.27 million -0.1%
1988 544.44 million -5.4%
1989 523.04 million -3.9%
1990 643.72 million +23.1%
1991 691.54 million +7.4%
1992 714.80 million +3.4%
1993 769.68 million +7.7%
1994 807.83 million +5.0%
1995 1.19 billion +47.9%
1996 1.35 billion +13.1%
1997 1.30 billion -4.0%
1998 1.35 billion +4.1%
1999 1.12 billion -17.0%
2000 1.34 billion +20.0%
2001 1.16 billion -13.9%
2002 803.76 million -30.6%
2003 788.89 million -1.8%
2004 803.01 million +1.8%
2005 829.01 million +3.2%
2006 1.10 billion +32.1%
2007 1.56 billion +42.3%
2008 1.93 billion +24.0%
2009 1.82 billion -5.7%
2010 1.83 billion +0.2%
2011 1.85 billion +1.5%
2012 1.88 billion +1.3%
2013 2.04 billion +8.6%
2014 2.05 billion +0.2%
2015 2.15 billion +5.1%
2016 2.14 billion -0.3%
2017 2.15 billion +0.2%
2018 2.16 billion +0.5%
2019 2.08 billion -3.5%
2020 1.91 billion -8.3%
2021 1.73 billion -9.2%
2022 1.55 billion -10.4%
2023 1.52 billion -2.1%

Sri Lanka compared with similar countries

  • Sri Lanka's 1.52 billion is above the median for upper middle income countries, which is 1.25 billion, 1.2× the median. (49 countries reporting)
  • Sri Lanka's 1.52 billion is above the median for South Asia, which is 1.03 billion, 1.5× the median. (6 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd in Sri Lanka changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1985 +126.7% 189.97 million 430.69 million
1971 +66.7% 82.59 million 137.64 million

Averages by decade

DecadeAverage LowestHighest Years
1940s 14.94 million 13.89 million 15.99 million 2
1950s 53.81 million 12.58 million 105.50 million 10
1960s 89.79 million 75.97 million 105.87 million 10
1970s 100.06 million 82.59 million 137.64 million 10
1980s 339.71 million 122.07 million 575.72 million 10
1990s 994.12 million 643.72 million 1.35 billion 10
2000s 1.21 billion 788.89 million 1.93 billion 10
2010s 2.03 billion 1.83 billion 2.16 billion 10
2020s 1.68 billion 1.52 billion 1.91 billion 4

Countries ranked near Sri Lanka

  1. 73 Uruguay 1.62 billion compare
  2. 74 Croatia 1.60 billion compare
  3. 75 North Korea 1.57 billion compare
  4. 77 Ireland 1.51 billion compare
  5. 78 Tunisia 1.44 billion compare
  6. 79 Kenya 1.40 billion compare

See the full ranking of 172 places →

More reference data data for Sri Lanka

All data for Sri Lanka →

Frequently asked questions

What is military spending gmsd in Sri Lanka?
Military spending gmsd in Sri Lanka was 1.52 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Sri Lanka?
The highest recorded value was 2.16 billion in 2018.
What is the lowest military spending gmsd recorded in Sri Lanka?
The lowest recorded value was 12.58 million in 1950.
How does Sri Lanka rank for military spending gmsd?
Sri Lanka ranks 76th out of 172 countries with data for 2023.
Is military spending gmsd 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 Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Sri Lanka. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/sri-lanka/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed