Tax revenue in Upper middle income
Upper middle income: Tax revenue was 10.4% in 2024. ▬ Flat
Tax revenue in Upper middle income, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Upper middle income recorded 10.4% for tax revenue in 2024.
That represents a change of down 2.2% on the previous year and down 9.1% over ten years.
Over the whole period, tax revenue in Upper middle income peaked at 12.0% in 2011 and was at its lowest, 9.8%, in 2005.
Upper middle income ranks 30th of 35 groups on this measure, in the bottom quarter.
Tax revenue in Upper middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 9.8% | — |
| 2006 | 10.2% | +4.9% |
| 2007 | 10.8% | +5.3% |
| 2008 | 11.5% | +6.4% |
| 2009 | 11.3% | -1.5% |
| 2010 | 11.8% | +4.1% |
| 2011 | 12.0% | +2.3% |
| 2012 | 11.9% | -1.5% |
| 2013 | 11.8% | -0.7% |
| 2014 | 11.5% | -2.7% |
| 2015 | 11.4% | -0.3% |
| 2016 | 11.3% | -1.4% |
| 2017 | 11.3% | +0.6% |
| 2018 | 11.1% | -1.9% |
| 2019 | 10.8% | -3.2% |
| 2020 | 10.5% | -2.5% |
| 2021 | 10.7% | +1.6% |
| 2022 | 10.5% | -1.1% |
| 2023 | 10.6% | +1.0% |
| 2024 | 10.4% | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.7% | 9.8% | 11.5% | 5 |
| 2010s | 11.5% | 10.8% | 12.0% | 10 |
| 2020s | 10.5% | 10.4% | 10.7% | 5 |
Countries ranked near Upper middle income
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Upper middle income?
- Tax revenue in Upper middle income was 10.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Upper middle income?
- The highest recorded value was 12.0% in 2011.
- What is the lowest tax revenue recorded in Upper middle income?
- The lowest recorded value was 9.8% in 2005.
- How does Upper middle income rank for tax revenue?
- Upper middle income ranks 30th out of 35 groups with data for 2024.
- Is tax revenue rising or falling in Upper middle income?
- Over the last ten years it is down 9.1%. The long-run trend across the full record is flat.
- Where does this Upper 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.