What was Sri Lanka's Imports of goods and services (% of GDP) in 2024?

In 2024, Sri Lanka's Imports of goods and services (% of GDP) was 22.51, according to World Bank Open Data.

Is Sri Lanka's Imports of goods and services (% of GDP) rising or falling?

Sri Lanka's Imports of goods and services (% of GDP) fell 1.5% from 2023 to 2024.

How does Sri Lanka rank globally on Imports of goods and services (% of GDP)?

In 2024, Sri Lanka ranked #140 out of 160 countries reporting Imports of goods and services (% of GDP).

How does Sri Lanka's Imports of goods and services (% of GDP) compare to the world average?

The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Sri Lanka is below the world average. Within South Asia, it ranks #4 of 5.

Sri Lanka: Imports of goods and services (% of GDP)

Name: Sri Lanka: Imports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Sri Lanka's Imports of goods and services (% of GDP) was 22.51.

That's down 1.5% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 47.94 . Sri Lanka ranks #140 globally out of 160 reporting countries. Within South Asia, it ranks #4 of 5.

Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 41.27; 2005
Trough: 21.63; 2020
1-year change: -1.5%
5-year change: -18.4%; -4.0% / yr

Historical Data — Last 10 Years

Year	Imports of goods and services (% of GDP)
2024	22.5112
2023	22.8471
2022	25.1230
2021	24.3074
2020	21.6315
2019	27.6020
2018	28.3631
2017	26.9162
2016	26.6475
2015	27.0246

About Imports of goods and services (% of GDP)

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.IMP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Sri Lanka's Imports of goods and services (% of GDP) in 2024?: In 2024, Sri Lanka's Imports of goods and services (% of GDP) was 22.51, according to World Bank Open Data.
Is Sri Lanka's Imports of goods and services (% of GDP) rising or falling?: Sri Lanka's Imports of goods and services (% of GDP) fell 1.5% from 2023 to 2024.
How does Sri Lanka rank globally on Imports of goods and services (% of GDP)?: In 2024, Sri Lanka ranked #140 out of 160 countries reporting Imports of goods and services (% of GDP).
How does Sri Lanka's Imports of goods and services (% of GDP) compare to the world average?: The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Sri Lanka is below the world average. Within South Asia, it ranks #4 of 5.
What is Imports of goods and services (% of GDP) and how is it measured?: Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.