Tax revenue in High income
High income: Tax revenue was 15.2% in 2024. ▲ Rising
Tax revenue in High income, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in High income is 15.2%, measured in 2024.
Compared with earlier readings it is down 0.3% over ten years.
Over the whole period, tax revenue in High income peaked at 16.8% in 2000 and was at its lowest, 13.8%, in 1973.
High income ranks 13th of 35 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Tax revenue in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 14.1% | — |
| 1973 | 13.8% | -2.4% |
| 1974 | 14.3% | +3.6% |
| 1975 | 13.9% | -2.4% |
| 1976 | 14.0% | +0.9% |
| 1977 | 14.5% | +2.9% |
| 1978 | 14.4% | -0.7% |
| 1979 | 14.6% | +1.3% |
| 1980 | 14.9% | +2.7% |
| 1981 | 15.3% | +2.2% |
| 1982 | 15.2% | -0.7% |
| 1983 | 14.5% | -4.6% |
| 1984 | 14.4% | -0.7% |
| 1985 | 14.6% | +1.4% |
| 1986 | 14.6% | +0.0% |
| 1987 | 14.9% | +2.2% |
| 1988 | 14.7% | -1.2% |
| 1989 | 14.7% | -0.4% |
| 1990 | 14.6% | -0.1% |
| 1991 | 14.5% | -0.8% |
| 1992 | 14.2% | -2.4% |
| 1993 | 14.2% | -0.3% |
| 1994 | 14.8% | +4.4% |
| 1995 | 15.3% | +3.4% |
| 1996 | 15.6% | +1.8% |
| 1997 | 15.8% | +1.5% |
| 1998 | 16.2% | +2.7% |
| 1999 | 16.2% | -0.2% |
| 2000 | 16.8% | +3.9% |
| 2001 | 16.3% | -3.1% |
| 2002 | 15.1% | -7.1% |
| 2003 | 14.9% | -1.8% |
| 2004 | 14.9% | +0.3% |
| 2005 | 15.7% | +5.1% |
| 2006 | 16.1% | +2.7% |
| 2007 | 16.2% | +0.7% |
| 2008 | 15.6% | -3.7% |
| 2009 | 13.9% | -10.6% |
| 2010 | 14.1% | +1.4% |
| 2011 | 14.5% | +2.8% |
| 2012 | 14.7% | +1.3% |
| 2013 | 15.1% | +2.6% |
| 2014 | 15.3% | +1.2% |
| 2015 | 15.3% | +0.0% |
| 2016 | 15.1% | -0.9% |
| 2017 | 15.5% | +2.5% |
| 2018 | 15.1% | -2.6% |
| 2019 | 15.0% | -0.5% |
| 2020 | 15.0% | -0.5% |
| 2021 | 15.9% | +6.1% |
| 2022 | 16.4% | +3.5% |
| 2023 | 15.2% | -7.4% |
| 2024 | 15.2% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.2% | 13.8% | 14.6% | 8 |
| 1980s | 14.8% | 14.4% | 15.3% | 10 |
| 1990s | 15.1% | 14.2% | 16.2% | 10 |
| 2000s | 15.5% | 13.9% | 16.8% | 10 |
| 2010s | 15.0% | 14.1% | 15.5% | 10 |
| 2020s | 15.6% | 15.0% | 16.4% | 5 |
Countries ranked near High income
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in High income?
- Tax revenue in High income was 15.2% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in High income?
- The highest recorded value was 16.8% in 2000.
- What is the lowest tax revenue recorded in High income?
- The lowest recorded value was 13.8% in 1973.
- How does High income rank for tax revenue?
- High income ranks 13th out of 35 groups with data for 2024.
- Is tax revenue rising or falling in High income?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is rising.
- Where does this High income 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.