Taxes on goods and services (current LCU), annual growth rate in Australia
Australia: Taxes on goods and services (current LCU), annual growth rate was 1.15 % change on previous year in 2022. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Australia, 1973–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, taxes on goods and services (current lcu), annual growth rate in Australia stood at 1.15 % change on previous year.
That represents a change of down 89.6% on the previous year and up 19.2% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Australia peaked at 51.34 % change on previous year in 2001 and was at its lowest, -8.7 % change on previous year, in 1992.
That places Australia 129th out of 156 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 7.74 % change on previous year | — |
| 1974 | 23.93 % change on previous year | +209.2% |
| 1975 | 12.83 % change on previous year | -46.4% |
| 1976 | 29.72 % change on previous year | +131.6% |
| 1977 | 10.21 % change on previous year | -65.7% |
| 1978 | 9.66 % change on previous year | -5.4% |
| 1979 | 24.89 % change on previous year | +157.7% |
| 1980 | 21.69 % change on previous year | -12.9% |
| 1981 | 16.16 % change on previous year | -25.5% |
| 1982 | 11.17 % change on previous year | -30.8% |
| 1983 | 17.61 % change on previous year | +57.6% |
| 1984 | 17.49 % change on previous year | -0.7% |
| 1985 | 13.77 % change on previous year | -21.3% |
| 1986 | 9.69 % change on previous year | -29.6% |
| 1987 | 7.07 % change on previous year | -27.1% |
| 1988 | 11.15 % change on previous year | +57.8% |
| 1989 | 4.81 % change on previous year | -56.9% |
| 1990 | 6.76 % change on previous year | +40.7% |
| 1991 | 0.779 % change on previous year | -88.5% |
| 1992 | -8.7 % change on previous year | -1216.2% |
| 1993 | 1.08 % change on previous year | -112.4% |
| 1994 | 12.54 % change on previous year | +1064.1% |
| 1995 | 11.18 % change on previous year | -10.9% |
| 1996 | 9.06 % change on previous year | -18.9% |
| 1997 | 2.72 % change on previous year | -70.0% |
| 1998 | 4.12 % change on previous year | +51.7% |
| 1999 | 4.8 % change on previous year | +16.4% |
| 2000 | 2 % change on previous year | -58.2% |
| 2001 | 51.34 % change on previous year | +2461.2% |
| 2002 | 7.57 % change on previous year | -85.3% |
| 2003 | 10.33 % change on previous year | +36.5% |
| 2004 | 5.38 % change on previous year | -48.0% |
| 2005 | 4.03 % change on previous year | -25.0% |
| 2006 | 5.29 % change on previous year | +31.0% |
| 2007 | 4.72 % change on previous year | -10.8% |
| 2008 | 6.22 % change on previous year | +31.9% |
| 2009 | -1.07 % change on previous year | -117.2% |
| 2010 | 5.79 % change on previous year | -640.8% |
| 2011 | 4.35 % change on previous year | -24.9% |
| 2012 | 0.9624 % change on previous year | -77.9% |
| 2013 | 10.95 % change on previous year | +1038.2% |
| 2014 | 5.71 % change on previous year | -47.9% |
| 2015 | -7.28 % change on previous year | -227.5% |
| 2016 | 5.2 % change on previous year | -171.5% |
| 2017 | 3.57 % change on previous year | -31.3% |
| 2018 | 6.01 % change on previous year | +68.3% |
| 2019 | 1.95 % change on previous year | -67.5% |
| 2020 | -1.61 % change on previous year | -182.5% |
| 2021 | 11.04 % change on previous year | -784.3% |
| 2022 | 1.15 % change on previous year | -89.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17 % change on previous year | 7.74 % change on previous year | 29.72 % change on previous year | 7 |
| 1980s | 13.06 % change on previous year | 4.81 % change on previous year | 21.69 % change on previous year | 10 |
| 1990s | 4.44 % change on previous year | -8.7 % change on previous year | 12.54 % change on previous year | 10 |
| 2000s | 9.58 % change on previous year | -1.07 % change on previous year | 51.34 % change on previous year | 10 |
| 2010s | 3.72 % change on previous year | -7.28 % change on previous year | 10.95 % change on previous year | 10 |
| 2020s | 3.52 % change on previous year | -1.61 % change on previous year | 11.04 % change on previous year | 3 |
Countries ranked near Australia
- 126 Austria 2.13 % change on previous year compare
- 127 Finland 1.87 % change on previous year compare
- 128 Papua New Guinea 1.78 % change on previous year compare
- 130 Slovakia 0.8526 % change on previous year compare
- 131 Saint Vincent and the Grenadines 0.5222 % change on previous year compare
- 132 Kiribati 0.5199 % change on previous year compare
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 36.15 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 159.37 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 983.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,244 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0192 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.42 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 33.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 49.27 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services (current lcu), annual growth rate in Australia?
- Taxes on goods and services (current lcu), annual growth rate in Australia was 1.15 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Australia?
- The highest recorded value was 51.34 % change on previous year in 2001.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Australia?
- The lowest recorded value was -8.7 % change on previous year in 1992.
- How does Australia rank for taxes on goods and services (current lcu), annual growth rate?
- Australia ranks 129th out of 156 countries with data for 2022.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Australia?
- Over the last ten years it is up 19.2%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.