Tax revenue in Lower middle income
Lower middle income: Tax revenue was 12.1% in 2018. ▲ Rising
Tax revenue in Lower middle income, 2002–2018
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2018, tax revenue in Lower middle income stood at 12.1%.
Compared with earlier readings it is up 4.8% on the previous year and down 3.4% over ten years.
Over the whole period, tax revenue in Lower middle income peaked at 13.0% in 2007 and was at its lowest, 10.0%, in 2002.
That places Lower middle income 20th out of 35 groups with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Tax revenue in Lower middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 10.0% | — |
| 2003 | 10.3% | +2.8% |
| 2004 | 10.8% | +5.0% |
| 2005 | 11.2% | +3.6% |
| 2006 | 12.3% | +9.9% |
| 2007 | 13.0% | +5.4% |
| 2008 | 12.5% | -3.7% |
| 2009 | 11.4% | -9.3% |
| 2010 | 11.6% | +2.4% |
| 2011 | 11.6% | -0.4% |
| 2012 | 11.8% | +2.0% |
| 2013 | 11.7% | -0.9% |
| 2014 | 11.1% | -5.2% |
| 2015 | 11.4% | +2.5% |
| 2016 | 11.5% | +0.8% |
| 2017 | 11.5% | +0.7% |
| 2018 | 12.1% | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.5% | 10.0% | 13.0% | 8 |
| 2010s | 11.6% | 11.1% | 12.1% | 9 |
Countries ranked near Lower middle income
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Lower middle income?
- Tax revenue in Lower middle income was 12.1% in 2018, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Lower middle income?
- The highest recorded value was 13.0% in 2007.
- What is the lowest tax revenue recorded in Lower middle income?
- The lowest recorded value was 10.0% in 2002.
- How does Lower middle income rank for tax revenue?
- Lower middle income ranks 20th out of 35 groups with data for 2018.
- Is tax revenue rising or falling in Lower middle income?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is rising.
- Where does this Lower middle 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.