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Economy of Sri Lanka vs Togo compared: GDP & Debt

Updated on by Georank team

Sri Lanka has a GDP of $99B compared to $10.7B for Togo, ranking 72/197 and 154/197 by economy size, respectively.

Sri Lanka has $99.8B in government debt (100.8% of GDP), compared to $7.68B (72.1% of GDP) in Togo.

Sri Lanka vs Togo GDP by year

Sri Lanka
Togo
1x
Year GDP, current $
Sri Lanka Togo
2024 $98,963,185,510 $10,651,180,147
2023 $83,716,142,582 $9,816,236,303
2022 $74,143,020,263 $8,646,453,099
2021 $88,556,698,938 $8,541,668,141
2020 $84,335,574,582 $7,486,031,562
2019 $88,998,706,297 $6,992,654,019
2018 $94,450,015,983 $7,029,215,766
2017 $94,369,350,286 $6,387,424,240
2016 $88,000,211,172 $6,071,167,584
2015 $85,090,301,052 $5,755,457,836
2014 $82,531,125,191 $6,393,314,708
2013 $76,976,203,829 $6,021,729,630
2012 $70,447,217,164 $5,413,541,649
2011 $67,753,285,897 $5,422,439,152
2010 $58,636,049,434 $4,746,386,893
2009 $42,066,224,093 $4,721,888,275
2008 $40,713,826,215 $4,578,847,113
2007 $32,350,238,760 $3,759,962,853
2006 $28,267,410,543 $3,320,907,722
2005 $24,405,791,045 $3,221,910,408
2004 $20,662,525,941 $3,191,561,509
2003 $18,881,765,437 $2,987,984,051
2002 $16,536,535,647 $2,410,199,032
2001 $15,749,753,805 $2,093,498,674
2000 $16,595,882,819 $2,106,848,752
1999 $15,711,933,513 $2,226,577,204
1998 $15,760,736,956 $2,241,650,112
1997 $15,091,913,884 $2,116,818,623
1996 $13,897,738,375 $2,069,506,014
1995 $13,029,697,561 $1,849,110,468
1994 $11,717,604,209 $1,387,662,121
1993 $10,338,679,636 $1,741,944,426
1992 $9,703,011,636 $2,390,796,916
1991 $9,000,362,582 $2,262,767,860
1990 $8,032,551,173 $2,299,665,506
1989 $6,987,267,684 $1,910,635,575
1988 $6,978,371,581 $1,947,208,354
1987 $6,682,167,120 $1,763,978,066
1986 $6,405,210,564 $1,498,219,579
1985 $5,978,460,972 $1,076,604,520
1984 $6,043,474,843 $1,014,170,069
1983 $5,167,913,302 $1,081,387,265
1982 $4,768,765,017 $1,160,337,039
1981 $4,415,844,156 $1,359,026,709
1980 $4,024,621,900 $1,604,836,916
1979 $3,364,611,432 $1,259,365,712
1978 $2,733,183,857 $1,164,025,637
1977 $4,104,509,583 $1,097,893,826
1976 $3,591,319,857 $874,681,612
1975 $3,791,298,146 $871,781,687
1974 $3,574,586,466 $791,450,308
1973 $2,875,625,000 $574,030,984
1972 $2,553,936,348 $474,043,922
1971 $2,369,308,600 $404,648,368
1970 $2,296,470,588 $358,665,754
1969 $1,965,546,218 $378,091,810
1968 $1,801,344,538 $341,691,567
1967 $1,859,465,021 $327,215,844
1966 $1,751,470,588 $305,227,595
1965 $1,698,319,328 $264,505,506
1964 $1,309,747,899 $234,572,186
1963 $1,240,672,269 $202,305,865
1962 $1,434,156,379 $186,745,758
1961 $1,444,327,731 $178,497,098
1960 $1,409,873,950 $171,057,069

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/sri-lanka/togo | CC BY

GDP per capita in Sri Lanka vs Togo by year

Sri Lanka
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sri Lanka Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,516 $15,633 $1,119 $3,365
2023 $3,799 $14,456 $1,055 $3,154
2022 $3,343 $14,194 $951 $2,935
2021 $3,997 $14,316 $962 $2,639
2020 $3,848 $12,941 $863 $2,384
2019 $4,082 $14,113 $826 $2,215
2018 $4,359 $14,178 $851 $2,067
2017 $4,399 $13,610 $793 $1,986
2016 $4,149 $13,079 $773 $1,933
2015 $4,058 $12,227 $751 $1,880
2014 $3,972 $11,721 $856 $1,803
2013 $3,739 $11,253 $827 $1,715
2012 $3,328 $10,249 $762 $1,645
2011 $3,225 $9,076 $784 $1,616
2010 $2,808 $8,234 $705 $1,537
2009 $2,027 $7,576 $721 $1,474
2008 $1,974 $7,317 $719 $1,429
2007 $1,579 $6,820 $608 $1,387
2006 $1,389 $6,261 $553 $1,407
2005 $1,207 $5,679 $551 $1,368
2004 $1,029 $5,216 $560 $1,427
2003 $946 $4,850 $538 $1,440
2002 $835 $4,522 $445 $1,357
2001 $804 $4,328 $397 $1,320
2000 $860 $4,368 $410 $1,315
1999 $829 $4,103 $445 $1,332
1998 $848 $3,952 $461 $1,318
1997 $827 $3,804 $448 $1,373
1996 $776 $3,582 $452 $1,218
1995 $742 $3,454 $419 $1,140
1994 $678 $3,260 $329 $1,082
1993 $607 $3,067 $414 $925
1992 $580 $2,851 $565 $1,057
1991 $546 $2,713 $550 $1,107
1990 $491 $2,527 $575 $1,110
1989 $430 - $492 -
1988 $434 - $517 -
1987 $420 - $482 -
1986 $407 - $422 -
1985 $385 - $313 -
1984 $391 - $304 -
1983 $336 - $336 -
1982 $312 - $372 -
1981 $292.5 - $451 -
1980 $271.1 - $549 -
1979 $230.8 - $443 -
1978 $191 - $421 -
1977 $292.1 - $406 -
1976 $260.3 - $332 -
1975 $279.8 - $339 -
1974 $268.7 - $315 -
1973 $220.2 - $234.4 -
1972 $199.4 - $198.8 -
1971 $188.8 - $174.6 -
1970 $186.9 - $159.8 -
1969 $163.6 - $174.7 -
1968 $153.5 - $164.3 -
1967 $162.3 - $163.9 -
1966 $156.6 - $159.1 -
1965 $155.6 - $142.7 -
1964 $122.9 - $130.1 -
1963 $119.4 - $114.6 -
1962 $141.4 - $107.8 -
1961 $145.9 - $104.8 -
1960 $145.9 - $102.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/sri-lanka/togo | CC BY

Sri Lanka's GDP per capita is $4,516, ranking 124/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Sri Lanka ranks 111th at $15,633, while Togo ranks 173rd at $3,365.

Economic indicators

Sri Lanka Togo
Gross domestic product
$99B
2024
$10.7B
2024
GDP rank
72/197
2024
154/197
2024
GDP growth
5.01%
2023-2024
6.53%
2023-2024
GDP per capita
$4,516
2024
$1,119
2024
GDP per capita rank
124/197
2024
172/197
2024
GDP per capita, PPP
$15,633
2024
$3,365
2024
GDP per capita PPP rank
111/197
2024
173/197
2024
Government debt
$99.8B
2024
$7.68B
2024
Debt-to-GDP ratio
100.8%
2024
72.1%
2024
Government debt per person
$4,554
2024
$807
2024
Government debt per person rank
85/185
2024
149/185
2024
Average annual personal income after taxes
$2,874
2026
$1,661
2026
Market capitalization of domestic companies
$19.5B
2024
n/a
Income share by richest 10%
30.8%
2019
29.6%
2021
Income share by poorest 10%
3.1%
2019
2.8%
2021
Government expenditure, % of GDP
19.3%
2024
26.4%
2024
Consumer prices inflation
-0.43%
2023-2024
2.86%
2023-2024
Central bank interest rate
7.75%
2025
n/a
Unemployment rate
4.67%
2023
1.97%
2022
Population
22185425
9990340

Spending and national debt comparison by year

Sri Lanka
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Sri Lanka Togo
Government spending Government debt Government spending Government debt
2024 19.3% 100.8% 26.4% 72.1%
2023 19.5% 110.4% 26.6% 68.6%
2022 18.6% 115.9% 26% 67%
2021 20% 102.7% 21.8% 64.9%
2020 22.1% 96.9% 23.7% 62.2%
2019 19.5% 82.6% 16.6% 54.9%
2018 17.5% 83.6% 18.8% 58%
2017 17.9% 72.3% 16.3% 57.1%
2016 18.2% 75% 22.9% 59.9%
2015 19.3% 76.3% 22.9% 52.4%
2014 17.2% 69.6% 21.9% 44.9%
2013 16.6% 69.5% 20.5% 41.1%
2012 17.3% 67.5% 19.1% 34.3%
2011 19.1% 69.4% 18.2% 37%
2010 19.3% 68.7% 15.1% 33.5%
2009 21% 72.8% 14.3% 57.6%
2008 19.1% 68.8% 12.4% 67.3%
2007 19.9% 71.8% 13.7% 70.5%
2006 20.5% 74.3% 14.7% 67.7%
2005 20.1% 76.6% 13.3% 63.1%
2004 19.3% 86.5% 10.6% 48.7%
2003 19.3% 86.5% 8.88% 50%
2002 20.8% 96.3% 8.42% 54.8%
2001 22.4% 84.4% 10.9% 68.5%
2000 21.7% 79.2% 11.9% 66.5%
1999 20.5% 77.7% 11.9% 59.9%
1998 21.4% 74.2% 12.8% 62.8%
1997 21.4% 70.1% 10.6% 54.4%
1996 23.1% 76.2% 12.4% 60.4%
1995 24.8% 77.8% 12.7% 64.8%
1994 24.1% 77.9% 13.2% 79%
1993 23.2% 79.2% 14.8% 58.3%
1992 23% 77.9% 12.6% 45%
1991 26.4% 80.5% 14.6% 46.9%
1990 25.4% 78.9% 16.8% 44.7%
1989 - - 16.9% 46.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20).

GeoRank.org/economy/sri-lanka/togo | CC BY

In 2024, Sri Lanka's government spending was $19.1B, accounting for 19.3% of its GDP, while Togo spent $2.81B, or 26.4% of GDP.

Debt-to-GDP ratio is 100.8% in Sri Lanka and 72.1% in Togo, ranking 23/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Sri Lanka

Togo
1x
Year Deficit/surplus, % of GDP
Sri Lanka Togo
2024 -5.64% -7.43%
2023 -8.32% -6.73%
2022 -10.2% -8.33%
2021 -11.7% -4.65%
2020 -13.4% -7.05%
2019 -7.52% 1.67%
2018 -4.96% -0.59%
2017 -5.1% -0.21%
2016 -5% -7.02%
2015 -6.64% -7.04%
2014 -5.99% -7.11%
2013 -5% -5.08%
2012 -5.44% -4.63%
2011 -6.01% -4.48%
2010 -6.73% -1.66%
2009 -8.33% -2.63%
2008 -5.93% -0.59%
2007 -5.81% -1.83%
2006 -5.91% -1.94%
2005 -5.93% -1.67%
2004 -6.32% 0.61%
2003 -6.15% 1.43%
2002 -6.9% -0.28%
2001 -8.48% -0.72%
2000 -7.78% -3.45%
1999 -5.58% -1.76%
1998 -6.79% -3.25%
1997 -5.71% -0.98%
1996 -6.89% -3.26%
1995 -7.11% -2.97%
1994 -7.41% -5.37%
1993 -5.77% -8.46%
1992 -4.95% -2.27%
1991 -7.97% -3.52%
1990 -6.39% -1.65%
1989 - -2.18%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

GeoRank.org/economy/sri-lanka/togo | CC BY

In 2024, Sri Lanka's government deficit, the difference between spending and revenue, was $5.58B, equivalent to 5.64% of GDP. This compares to Togo's deficit of $791M, or 7.43% of GDP.

Over the past 35 years, Sri Lanka recorded a fiscal deficit in 35 of those years, while Togo ran a deficit in 32 years. On average, Sri Lanka posted an annual deficit equal to 6.85% of GDP, compared to deficit of 3.28% of GDP for Togo.

Inflation comparison by year

Inflation
Sri Lanka

Togo
1x
Year Consumer prices inflation
Sri Lanka Togo
2024 -0.43% 2.86%
2023 16.5% 5.49%
2022 49.7% 7.97%
2021 7.01% 4.19%
2020 6.15% 1.7%
2019 3.53% 0.67%
2018 2.14% 0.93%
2017 7.7% -0.98%
2016 3.96% 1.29%
2015 3.77% 2.59%
2014 3.18% 0.19%
2013 6.91% 1.83%
2012 7.54% 2.58%
2011 6.72% 3.56%
2010 6.22% 1.45%
2009 3.46% 3.71%
2008 22.6% 8.69%
2007 15.8% 0.95%
2006 10% 2.23%
2005 11.6% 6.78%
2004 7.58% 0.39%
2003 6.31% -0.93%
2002 9.55% 3.06%
2001 14.2% 3.92%
2000 6.18% 1.86%
1999 4.69% -0.05%
1998 9.36% 0.98%
1997 9.57% 8.25%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/sri-lanka/togo | CC BY

Over the past 28 years, Sri Lanka has recorded an average annual inflation rate of 9.34%, compared with 2.72% in Togo. In 2024, inflation was -0.43% in Sri Lanka and 2.86% in Togo.

Top exports between countries

Sri Lanka
Export category Export value
Raw agricultural goods $885K
Machinery & equipment $179K
Processed food, beverages & tobacco $168K
Chemicals & pharma $146K
Metals $25K
Textiles & consumer goods $9K
Togo
Export category Export value
Raw agricultural goods $126K
Metals $3K
Textiles & consumer goods $2K

Balance of trade

Sri Lanka Togo
Current account balance
$1.21B
2024
-$20.7M
2020
Current account balance ranking
53/190
2024
79/190
2020
Current account balance, % of GDP
+1.22%
2024
-0.28%
2020
Goods imports
$18.8B
2024
$1.95B
2020
Goods exports
$12.8B
2024
$1.21B
2020
Service imports
$3.48B
2024
$438M
2020
Service exports
$6.91B
2024
$514M
2020
Imports of goods and services, % of GDP
22.5%
2024
38.1%
2024
Exports of goods and services, % of GDP
19.9%
2024
24.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Sri Lanka Togo
Economic freedom 50.3 51.6
Economic freedom ranking 162/197 153/197
Property rights 47.3 43.6
Government integrity 37.3 33.3
Judicial effectiveness 47.2 34
Tax burden 77 68.9
Government spending 89 79.2
Fiscal health 0 9.6
Business freedom 60.1 60.1
Labor freedom 54.3 51.9
Monetary freedom 65.9 72.5
Trade freedom 65.6 65.8
Investment freedom 30 60
Financial freedom 30 40

Economic freedom comparison by year

Sri Lanka
Togo
1x
Year Economic freedom index
Sri Lanka Togo
2026 50.3 51.6
2025 49.4 52.3
2024 49.2 50.9
2023 52.2 55.3
2022 53.3 57.2
2021 55.7 57.5
2020 57.4 54.1
2019 56.4 50.3
2018 57.8 47.8
2017 57.4 53.2
2016 59.9 53.6
2015 58.6 53
2014 60 49.9
2013 60.7 48.8
2012 58.3 48.3
2011 57.1 49.1
2010 54.6 47.1
2009 56 48.7
2008 58.4 48.9
2007 59.4 49.7
2006 58.7 47.3
2005 61 48.2
2004 61.6 47
2003 62.5 46.8
2002 64 45.2
2001 66 45.3
2000 63.2 46.4
1999 64 48.2
1998 64.6 -
1997 65.5 -
1996 62.5 -
1995 60.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/sri-lanka/togo | CC BY

The Economic Freedom Index for Sri Lanka is 50.3, ranking 162/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sri Lanka Togo
Services, % of GDP
57.5%
2024
49.2%
2024
Industry, % of GDP
25.5%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
8.3%
2024
21.3%
2024
GNI, Atlas method
$84.6B
2024
$10.3B
2024
GNI per capita, PPP
$15,240
2024
$3,380
2024
Total reserves including gold
$6.09B
2024
n/a
Total reserves ranking
92/177
2024
n/a
Net foreign direct investment
-$651M
2024
-$53.1M
2020
Net inflows of foreign direct investment
$761M
2024
$83.8M
2024
Net outflows of foreign direct investment
$110M
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI
4.98%
2024
3.21%
2024
Poverty at national poverty lines
14.3%
2019
43.8%
2021
Gross capital formation, % of GDP
27%
2024
20.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/sri-lanka/togo | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.