Tax revenue in Australia
Australia: Tax revenue was 23.6% in 2022. ▲ Rising
Tax revenue in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Australia recorded 23.6% for tax revenue in 2022.
Compared with earlier readings it is up 2.4% on the previous year and up 12.0% over ten years.
Over the whole period, tax revenue in Australia peaked at 24.8% in 2001 and was at its lowest, 17.0%, in 1973.
Australia ranks 25th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Tax revenue in Australia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 17.8% | — |
| 1973 | 17.0% | -4.6% |
| 1974 | 18.0% | +6.1% |
| 1975 | 19.8% | +10.1% |
| 1976 | 20.3% | +2.1% |
| 1977 | 20.5% | +1.2% |
| 1978 | 20.4% | -0.6% |
| 1979 | 19.7% | -3.1% |
| 1980 | 20.4% | +3.3% |
| 1981 | 21.4% | +5.1% |
| 1982 | 21.6% | +0.6% |
| 1983 | 21.7% | +0.6% |
| 1984 | 21.0% | -3.2% |
| 1985 | 22.5% | +7.0% |
| 1986 | 22.5% | +0.3% |
| 1987 | 23.2% | +2.9% |
| 1988 | 23.1% | -0.4% |
| 1989 | 22.6% | -2.1% |
| 1990 | 22.4% | -0.9% |
| 1991 | 22.3% | -0.5% |
| 1992 | 20.6% | -7.6% |
| 1993 | 20.0% | -3.2% |
| 1994 | 20.0% | +0.1% |
| 1995 | 21.1% | +5.7% |
| 1996 | 21.8% | +3.4% |
| 1997 | 22.3% | +2.3% |
| 1998 | 22.2% | -0.7% |
| 1999 | 22.4% | +0.8% |
| 2000 | 23.0% | +2.7% |
| 2001 | 24.8% | +7.9% |
| 2002 | 23.5% | -5.2% |
| 2003 | 24.3% | +3.2% |
| 2004 | 24.2% | -0.2% |
| 2005 | 24.7% | +2.0% |
| 2006 | 24.5% | -1.0% |
| 2007 | 24.0% | -1.9% |
| 2008 | 24.2% | +0.7% |
| 2009 | 22.0% | -9.1% |
| 2010 | 20.4% | -7.0% |
| 2011 | 20.3% | -0.7% |
| 2012 | 21.0% | +3.8% |
| 2013 | 21.9% | +3.9% |
| 2014 | 21.8% | -0.2% |
| 2015 | 21.8% | -0.1% |
| 2016 | 22.2% | +1.8% |
| 2017 | 22.0% | -0.7% |
| 2018 | 23.1% | +5.0% |
| 2019 | 23.3% | +0.8% |
| 2020 | 22.5% | -3.5% |
| 2021 | 23.0% | +2.2% |
| 2022 | 23.6% | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.2% | 17.0% | 20.5% | 8 |
| 1980s | 22.0% | 20.4% | 23.2% | 10 |
| 1990s | 21.5% | 20.0% | 22.4% | 10 |
| 2000s | 23.9% | 22.0% | 24.8% | 10 |
| 2010s | 21.8% | 20.3% | 23.3% | 10 |
| 2020s | 23.0% | 22.5% | 23.6% | 3 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 36.15 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 159.37 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 983.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,244 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0192 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.42 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 33.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 49.27 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Australia?
- Tax revenue in Australia was 23.6% 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 24.8% in 2001.
- What is the lowest tax revenue recorded in Australia?
- The lowest recorded value was 17.0% in 1973.
- How does Australia rank for tax revenue?
- Australia ranks 25th out of 157 countries with data for 2022.
- Is tax revenue rising or falling in Australia?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.