Tax revenue in Small states
Small states: Tax revenue was 20.5% in 2019. ▲ Rising
Tax revenue in Small states, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2019, tax revenue in Small states stood at 20.5%.
The figure is down 3.0% on the previous year and down 3.9% over ten years.
Over the whole period, tax revenue in Small states peaked at 23.5% in 2012 and was at its lowest, 18.8%, in 2002.
Small states ranks 3rd of 35 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Tax revenue in Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 19.1% | — |
| 2002 | 18.8% | -1.1% |
| 2003 | 19.6% | +3.9% |
| 2004 | 20.1% | +2.8% |
| 2005 | 21.5% | +6.8% |
| 2006 | 22.8% | +5.8% |
| 2007 | 22.3% | -1.9% |
| 2008 | 22.5% | +0.6% |
| 2009 | 21.3% | -5.1% |
| 2010 | 22.0% | +3.3% |
| 2011 | 22.6% | +2.8% |
| 2012 | 23.5% | +3.8% |
| 2013 | 22.2% | -5.4% |
| 2014 | 22.6% | +1.4% |
| 2015 | 21.1% | -6.2% |
| 2016 | 22.7% | +7.1% |
| 2017 | 20.9% | -7.9% |
| 2018 | 21.1% | +1.3% |
| 2019 | 20.5% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.9% | 18.8% | 22.8% | 9 |
| 2010s | 21.9% | 20.5% | 23.5% | 10 |
Countries ranked near Small states
- 1 Lesotho 35.4% compare
- 2 Namibia 33.9% compare
- 3 Denmark 33.4% compare
- 4 New Zealand 29.5% compare
- 5 Luxembourg 28.6% compare
- 6 Macau, China 27.4% compare
More public sector data for Small states
- Arms imports 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 8.25 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 215.46 SIPRI trend indicator values per square kilometre (2021)
- Taxes on income, profits and capital gains 24.1% (2022)
- Taxes on goods and services 33.4% (2022)
- Net investment in nonfinancial assets 3.0% (2019)
- Net lending (+) / net borrowing (-) -2.2% (2019)
- Interest payments 1.8% (2022)
- Grants and other revenue 12.8% (2022)
Frequently asked questions
- What is tax revenue in Small states?
- Tax revenue in Small states was 20.5% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Small states?
- The highest recorded value was 23.5% in 2012.
- What is the lowest tax revenue recorded in Small states?
- The lowest recorded value was 18.8% in 2002.
- How does Small states rank for tax revenue?
- Small states ranks 3rd out of 35 groups with data for 2019.
- Is tax revenue rising or falling in Small states?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is rising.
- Where does this Small states 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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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.