Tax revenue in Late-demographic dividend
Late-demographic dividend: Tax revenue was 9.4% in 2024. ▼ Falling
Tax revenue in Late-demographic dividend, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, tax revenue in Late-demographic dividend stood at 9.4%. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 7.1% on the previous year and down 17.1% over ten years.
Over the whole period, tax revenue in Late-demographic dividend peaked at 12.1% in 2011 and was at its lowest, 9.4%, in 2024.
That places Late-demographic dividend 31st out of 35 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Tax revenue in Late-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 10.9% | — |
| 2006 | 11.4% | +3.9% |
| 2007 | 11.9% | +4.8% |
| 2008 | 12.1% | +1.3% |
| 2009 | 11.6% | -3.8% |
| 2010 | 11.9% | +2.7% |
| 2011 | 12.1% | +1.2% |
| 2012 | 11.8% | -1.8% |
| 2013 | 11.6% | -2.2% |
| 2014 | 11.4% | -1.7% |
| 2015 | 10.9% | -4.4% |
| 2016 | 10.6% | -2.7% |
| 2017 | 10.8% | +2.2% |
| 2018 | 10.8% | -0.5% |
| 2019 | 10.4% | -3.7% |
| 2020 | 9.8% | -5.2% |
| 2021 | 10.1% | +2.8% |
| 2022 | 10.0% | -0.8% |
| 2023 | 10.2% | +1.4% |
| 2024 | 9.4% | -7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.6% | 10.9% | 12.1% | 5 |
| 2010s | 11.2% | 10.4% | 12.1% | 10 |
| 2020s | 9.9% | 9.4% | 10.2% | 5 |
Countries ranked near Late-demographic dividend
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.97 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 -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Late-demographic dividend?
- Tax revenue in Late-demographic dividend was 9.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Late-demographic dividend?
- The highest recorded value was 12.1% in 2011.
- What is the lowest tax revenue recorded in Late-demographic dividend?
- The lowest recorded value was 9.4% in 2024.
- How does Late-demographic dividend rank for tax revenue?
- Late-demographic dividend ranks 31st out of 35 groups with data for 2024.
- Is tax revenue rising or falling in Late-demographic dividend?
- Over the last ten years it is down 17.1%. The long-run trend across the full record is falling.
- Where does this Late-demographic dividend 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.