Government Consumption in Sri Lanka
The Sri Lankan economy recorded an average growth rate of 4.6% in government consumption over the past decade. In 2022, the growth was 1.4%.
Sri Lanka Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Sri Lanka from 2014 to 2023.
Source: Macrobond.
Sri Lanka Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 6.6 | 0.0 | -2.8 | 1.4 | -5.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Sri Lankan government consumption projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Sri Lankan government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Sri Lankan government consumption projections.
Want to get access to the full dataset of Sri Lankan government consumption forecasts? Send an email to info@focus-economics.com.