Tax revenue in Australia
Australia: Tax revenue was 550.61 billion current LCU in 2022. ◆ Volatile
Latest (2022)
550.61 billion current LCU
Change on year
up 14.5%
World rank
63rd
of 157 countries
All-time high
550.61 billion current LCU
in 2022
All-time low
7.95 billion current LCU
in 1972
Years of data
51
1972–2022
Tax revenue in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Australia is 550.61 billion current LCU, measured in 2022. That is the highest value across all 51 years on record.
That represents a change of up 14.5% on the previous year and up 73.9% over ten years.
Over the whole period, tax revenue in Australia peaked at 550.61 billion current LCU in 2022 and was at its lowest, 7.95 billion current LCU, in 1972.
Australia ranks 63rd of 157 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.
Tax revenue in Australia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 7.95 billion current LCU | — |
| 1973 | 8.48 billion current LCU | +6.7% |
| 1974 | 10.90 billion current LCU | +28.6% |
| 1975 | 14.16 billion current LCU | +29.9% |
| 1976 | 16.92 billion current LCU | +19.5% |
| 1977 | 19.75 billion current LCU | +16.8% |
| 1978 | 21.44 billion current LCU | +8.5% |
| 1979 | 23.48 billion current LCU | +9.5% |
| 1980 | 27.48 billion current LCU | +17.0% |
| 1981 | 32.70 billion current LCU | +19.0% |
| 1982 | 37.96 billion current LCU | +16.1% |
| 1983 | 41.13 billion current LCU | +8.4% |
| 1984 | 44.90 billion current LCU | +9.2% |
| 1985 | 52.97 billion current LCU | +18.0% |
| 1986 | 58.84 billion current LCU | +11.1% |
| 1987 | 66.47 billion current LCU | +13.0% |
| 1988 | 75.07 billion current LCU | +12.9% |
| 1989 | 83.39 billion current LCU | +11.1% |
| 1990 | 90.77 billion current LCU | +8.9% |
| 1991 | 92.74 billion current LCU | +2.2% |
| 1992 | 87.36 billion current LCU | -5.8% |
| 1993 | 88.76 billion current LCU | +1.6% |
| 1994 | 93.36 billion current LCU | +5.2% |
| 1995 | 104.92 billion current LCU | +12.4% |
| 1996 | 115.70 billion current LCU | +10.3% |
| 1997 | 124.56 billion current LCU | +7.7% |
| 1998 | 130.98 billion current LCU | +5.2% |
| 1999 | 139.38 billion current LCU | +6.4% |
| 2000 | 152.57 billion current LCU | +9.5% |
| 2001 | 175.84 billion current LCU | +15.3% |
| 2002 | 178.13 billion current LCU | +1.3% |
| 2003 | 195.16 billion current LCU | +9.6% |
| 2004 | 209.61 billion current LCU | +7.4% |
| 2005 | 229.09 billion current LCU | +9.3% |
| 2006 | 245.02 billion current LCU | +7.0% |
| 2007 | 261.79 billion current LCU | +6.8% |
| 2008 | 285.56 billion current LCU | +9.1% |
| 2009 | 277.78 billion current LCU | -2.7% |
| 2010 | 267.10 billion current LCU | -3.8% |
| 2011 | 288.29 billion current LCU | +7.9% |
| 2012 | 316.64 billion current LCU | +9.8% |
| 2013 | 337.34 billion current LCU | +6.5% |
| 2014 | 350.22 billion current LCU | +3.8% |
| 2015 | 355.27 billion current LCU | +1.4% |
| 2016 | 369.31 billion current LCU | +4.0% |
| 2017 | 388.62 billion current LCU | +5.2% |
| 2018 | 427.51 billion current LCU | +10.0% |
| 2019 | 455.84 billion current LCU | +6.6% |
| 2020 | 447.68 billion current LCU | -1.8% |
| 2021 | 481.02 billion current LCU | +7.4% |
| 2022 | 550.61 billion current LCU | +14.5% |
Australia compared with similar countries
- Australia's 550.61 billion current LCU is above the median for high income countries, which is 103.80 billion current LCU, 5.3× the median. (57 countries reporting)
- Australia's 550.61 billion current LCU is above the median for East Asia & Pacific, which is 106.40 billion current LCU, 5.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.38 billion current LCU | 7.95 billion current LCU | 23.48 billion current LCU | 8 |
| 1980s | 52.09 billion current LCU | 27.48 billion current LCU | 83.39 billion current LCU | 10 |
| 1990s | 106.85 billion current LCU | 87.36 billion current LCU | 139.38 billion current LCU | 10 |
| 2000s | 221.06 billion current LCU | 152.57 billion current LCU | 285.56 billion current LCU | 10 |
| 2010s | 355.61 billion current LCU | 267.10 billion current LCU | 455.84 billion current LCU | 10 |
| 2020s | 493.10 billion current LCU | 447.68 billion current LCU | 550.61 billion current LCU | 3 |
Countries ranked near Australia
More public sector data for Australia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is tax revenue in Australia?
- Tax revenue in Australia was 550.61 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Australia?
- The highest recorded value was 550.61 billion current LCU in 2022.
- What is the lowest tax revenue recorded in Australia?
- The lowest recorded value was 7.95 billion current LCU in 1972.
- How does Australia rank for tax revenue?
- Australia ranks 63rd out of 157 countries with data for 2022.
- Is tax revenue rising or falling in Australia?
- Over the last ten years it is up 73.9%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.