Taxes on goods and services (current LCU), annual growth rate in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Taxes on goods and services (current LCU), annual growth rate was 2.13 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in United Kingdom of Great Britain and Northern Ireland, 1973–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded 2.13 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2024.
The figure is down 44.5% on the previous year and down 58.7% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in United Kingdom of Great Britain and Northern Ireland peaked at 38.16 % change on previous year in 1980 and was at its lowest, -10.11 % change on previous year, in 2020.
United Kingdom of Great Britain and Northern Ireland ranks 125th of 156 countries on this measure, 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 United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 5.52 % change on previous year | — |
| 1974 | 19.44 % change on previous year | +251.9% |
| 1975 | 22.29 % change on previous year | +14.7% |
| 1976 | 18.78 % change on previous year | -15.7% |
| 1977 | 15.24 % change on previous year | -18.8% |
| 1978 | 11.57 % change on previous year | -24.1% |
| 1979 | 19.53 % change on previous year | +68.8% |
| 1980 | 38.16 % change on previous year | +95.3% |
| 1981 | 10.51 % change on previous year | -72.5% |
| 1982 | 19.28 % change on previous year | +83.5% |
| 1983 | 9.05 % change on previous year | -53.1% |
| 1984 | 10.6 % change on previous year | +17.2% |
| 1985 | 12.4 % change on previous year | +16.9% |
| 1986 | 7.87 % change on previous year | -36.5% |
| 1987 | 1.61 % change on previous year | -79.5% |
| 1988 | 14.16 % change on previous year | +778.2% |
| 1989 | 4.97 % change on previous year | -64.9% |
| 1990 | 5.05 % change on previous year | +1.6% |
| 1991 | 11.43 % change on previous year | +126.5% |
| 1992 | 7.13 % change on previous year | -37.6% |
| 1993 | 2.97 % change on previous year | -58.3% |
| 1994 | 10.98 % change on previous year | +269.7% |
| 1995 | 13.65 % change on previous year | +24.4% |
| 1996 | 7.46 % change on previous year | -45.3% |
| 1997 | 6.94 % change on previous year | -7.1% |
| 1998 | 6.94 % change on previous year | +0.0% |
| 1999 | 8.37 % change on previous year | +20.6% |
| 2000 | 4.81 % change on previous year | -42.5% |
| 2001 | 1.55 % change on previous year | -67.9% |
| 2002 | 4.56 % change on previous year | +195.1% |
| 2003 | 5.75 % change on previous year | +26.1% |
| 2004 | 5.73 % change on previous year | -0.4% |
| 2005 | 2.12 % change on previous year | -63.0% |
| 2006 | 5.61 % change on previous year | +164.8% |
| 2007 | 5.67 % change on previous year | +1.1% |
| 2008 | -1.75 % change on previous year | -130.9% |
| 2009 | -6.95 % change on previous year | +297.1% |
| 2010 | 14.29 % change on previous year | -305.6% |
| 2011 | 10.23 % change on previous year | -28.4% |
| 2012 | 2.62 % change on previous year | -74.3% |
| 2013 | 4.8 % change on previous year | +82.8% |
| 2014 | 5.15 % change on previous year | +7.4% |
| 2015 | 3.12 % change on previous year | -39.5% |
| 2016 | 4.46 % change on previous year | +43.1% |
| 2017 | 4.3 % change on previous year | -3.7% |
| 2018 | 3.15 % change on previous year | -26.7% |
| 2019 | 3.27 % change on previous year | +3.9% |
| 2020 | -10.11 % change on previous year | -408.8% |
| 2021 | 11.32 % change on previous year | -211.9% |
| 2022 | 12.75 % change on previous year | +12.6% |
| 2023 | 3.84 % change on previous year | -69.9% |
| 2024 | 2.13 % change on previous year | -44.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.06 % change on previous year | 5.52 % change on previous year | 22.29 % change on previous year | 7 |
| 1980s | 12.86 % change on previous year | 1.61 % change on previous year | 38.16 % change on previous year | 10 |
| 1990s | 8.09 % change on previous year | 2.97 % change on previous year | 13.65 % change on previous year | 10 |
| 2000s | 2.71 % change on previous year | -6.95 % change on previous year | 5.75 % change on previous year | 10 |
| 2010s | 5.54 % change on previous year | 2.62 % change on previous year | 14.29 % change on previous year | 10 |
| 2020s | 3.98 % change on previous year | -10.11 % change on previous year | 12.75 % change on previous year | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 122 Colombia 3.09 % change on previous year compare
- 123 Guinea-Bissau 2.47 % change on previous year compare
- 124 South Africa 2.16 % change on previous year compare
- 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
More public sector data for United Kingdom of Great Britain and Northern Ireland
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 9.28 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 36.23 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 643.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,180 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0221 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.58 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 81.76 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,951 SIPRI trend indicator values per square kilometre (2023)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is taxes on goods and services (current lcu), annual growth rate in United Kingdom of Great Britain and Northern Ireland?
- Taxes on goods and services (current lcu), annual growth rate in United Kingdom of Great Britain and Northern Ireland was 2.13 % 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 United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 38.16 % change on previous year in 1980.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was -10.11 % change on previous year in 2020.
- How does United Kingdom of Great Britain and Northern Ireland rank for taxes on goods and services (current lcu), annual growth rate?
- United Kingdom of Great Britain and Northern Ireland ranks 125th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 58.7%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.
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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.