Sri Lanka's PPG, IDA (DOD, current US$) was US$3.57 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 27.84% from US$2.79 billion in 2014 (2.49% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$3.57 billion | 2024 |
| Five years earlier | US$2.97 billion | 2019 |
| Ten years earlier | US$2.79 billion | 2014 |
| Highest | US$3.57 billion | 2024 |
| Lowest | US$1.14 million | 1970 |
| Average since 2015 | US$3.09 billion | 2015–2024 |
| First recorded | US$1.14 million |
What the numbers say
In 2024, Sri Lanka's PPG, IDA (DOD, current US$) rose 5.1% on 2023 (from US$3.39 billion to US$3.57 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +3.6% and a typical year strayed about 5.8% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 319.3% in 1971 and the biggest yearly fall was 7.9% in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$74.65 million a year. A straight line explains 75% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Sri Lanka had the 16th highest value of the 94 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Sri Lanka | US$3.57 billion | 2024 |
| South Asia | US$44.03 billion | 2024 |
| Upper middle income | US$12.23 billion | 2024 |
Closest to Sri Lanka in the 2024 ranking
- Senegal — 13th of 94: US$4.42 billion
- Uzbekistan — 14th of 94: US$4.33 billion
- Rwanda — 15th of 94: US$3.72 billion
- Congo, Dem. Rep. — 17th of 94: US$3.45 billion
- Mozambique — 18th of 94: US$2.92 billion
- Madagascar — 19th of 94: US$2.65 billion
What this measures
Public and publicly guaranteed debt outstanding from the International Development Association (IDA) is concessional. Concessional debt is defined as loans with an original grant element of 35 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 5 percent. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | PPG, IDA (DOD, current US$) |
|---|---|
| 2024 | 3,566,305,000 |
| 2023 | 3,394,103,000 |
| 2022 | 2,963,283,000 |
| 2021 | 3,218,851,000 |
| 2020 | 3,180,438,000 |
| 2019 | 2,973,896,000 |
| 2018 | 3,007,386,000 |
| 2017 | 3,058,136,000 |
| 2016 | 2,784,716,000 |
| 2015 | 2,712,363,000 |
| 2014 |
PPG, IDA (DOD, current US$) in nearby economies
- Bangladesh — US$20.73 billion (2024)
- Bhutan — US$419.6 million (2024)
- India — US$14.69 billion (2024)
- Maldives — US$93.27 million (2024)
- Nepal — US$4.53 billion (2024)
More economic policy & debt data for Sri Lanka
- Agriculture, forestry, and fishing, value added (current US$) — US$9.1 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 2.74 trillion (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) — US$6.84 billion (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) — 929.67 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 8.36% (2025)
- Manufacturing, value added (current US$) — US$18.63 billion (2025)
- Manufacturing, value added (current LCU) — 5.61 trillion (2025)
- Manufacturing, value added (% of GDP) — 17.12% (2025)
- Industry, including construction, value added (current US$)
Reading data like this
Questions people ask
- What is Sri Lanka's PPG, IDA (DOD, current US$)?
- US$3.57 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 311,640% from US$1.14 million in 1970 (16.06% a year on average, compounded). The highest value was US$3.57 billion in 2024 and the lowest US$1.14 million in 1970.
- How does Sri Lanka rank?
- 16th highest of 94 economies with data for 2024.
- Is the latest change in PPG, IDA (DOD, current US$) unusual for Sri Lanka?
- In 2024, Sri Lanka's PPG, IDA (DOD, current US$) rose 5.1% on 2023 (from US$3.39 billion to US$3.57 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +3.6% and a typical year strayed about 5.8% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.DOD.MIDA.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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