Taxes on goods and services (current LCU), annual growth rate in Georgia
Georgia: Taxes on goods and services (current LCU), annual growth rate was 14.75 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Georgia, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes on goods and services (current lcu), annual growth rate in Georgia stood at 14.75 % change on previous year.
That represents a change of up 40.8% on the previous year and down 2.2% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Georgia peaked at 154.65 % change on previous year in 1996 and was at its lowest, -8.8 % change on previous year, in 2020.
Georgia ranks 54th of 156 countries on this measure, in the middle of the range.
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 Georgia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 154.65 % change on previous year | — |
| 1997 | 82.06 % change on previous year | -46.9% |
| 1998 | -5.7 % change on previous year | -106.9% |
| 1999 | 44.33 % change on previous year | -877.7% |
| 2000 | 5.33 % change on previous year | -88.0% |
| 2001 | 17.15 % change on previous year | +222.0% |
| 2002 | 17.73 % change on previous year | +3.4% |
| 2003 | 4.38 % change on previous year | -75.3% |
| 2004 | 51.68 % change on previous year | +1080.4% |
| 2005 | 45.48 % change on previous year | -12.0% |
| 2006 | 29.75 % change on previous year | -34.6% |
| 2007 | 43.06 % change on previous year | +44.8% |
| 2008 | 7.71 % change on previous year | -82.1% |
| 2009 | -3.58 % change on previous year | -146.4% |
| 2010 | 10.78 % change on previous year | -401.3% |
| 2011 | 23 % change on previous year | +113.3% |
| 2012 | 8.84 % change on previous year | -61.6% |
| 2013 | -3.51 % change on previous year | -139.7% |
| 2014 | 15.09 % change on previous year | -530.0% |
| 2015 | 6.51 % change on previous year | -56.8% |
| 2016 | -0.4593 % change on previous year | -107.1% |
| 2017 | 27.95 % change on previous year | -6184.7% |
| 2018 | 5.73 % change on previous year | -79.5% |
| 2019 | 14.48 % change on previous year | +152.9% |
| 2020 | -8.8 % change on previous year | -160.8% |
| 2021 | 30.71 % change on previous year | -449.2% |
| 2022 | 17.43 % change on previous year | -43.3% |
| 2023 | 10.48 % change on previous year | -39.9% |
| 2024 | 14.75 % change on previous year | +40.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 68.83 % change on previous year | -5.7 % change on previous year | 154.65 % change on previous year | 4 |
| 2000s | 21.87 % change on previous year | -3.58 % change on previous year | 51.68 % change on previous year | 10 |
| 2010s | 10.84 % change on previous year | -3.51 % change on previous year | 27.95 % change on previous year | 10 |
| 2020s | 12.91 % change on previous year | -8.8 % change on previous year | 30.71 % change on previous year | 5 |
Countries ranked near Georgia
- 51 Poland 15.47 % change on previous year compare
- 52 Singapore 15.42 % change on previous year compare
- 53 Paraguay 14.9 % change on previous year compare
- 55 Bosnia and Herzegovina 14.64 % change on previous year compare
- 56 Namibia 14.12 % change on previous year compare
- 57 North Macedonia 13.63 % change on previous year compare
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.46 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 17.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 161.54 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.018 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 21.14 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 615.86 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 0 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services (current lcu), annual growth rate in Georgia?
- Taxes on goods and services (current lcu), annual growth rate in Georgia was 14.75 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Georgia?
- The highest recorded value was 154.65 % change on previous year in 1996.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Georgia?
- The lowest recorded value was -8.8 % change on previous year in 2020.
- How does Georgia rank for taxes on goods and services (current lcu), annual growth rate?
- Georgia ranks 54th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Georgia?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is volatile.
- Where does this Georgia 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.