Taxes on goods and services (current LCU), per unit of GDP in Australia
Australia: Taxes on goods and services (current LCU), per unit of GDP was 0.0652 current LCU per US$ of GDP in 2022. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Australia, 1972–2022
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Australia recorded 0.0652 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2022.
That represents a change of down 6.9% on the previous year and up 29.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Australia peaked at 0.1262 current LCU per US$ of GDP in 2002 and was at its lowest, 0.0298 current LCU per US$ of GDP, in 1974.
Australia ranks 141st of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Australia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1972 | 0.0382 current LCU per US$ of GDP | — |
| 1973 | 0.0335 current LCU per US$ of GDP | -12.2% |
| 1974 | 0.0298 current LCU per US$ of GDP | -11.1% |
| 1975 | 0.0308 current LCU per US$ of GDP | +3.2% |
| 1976 | 0.037 current LCU per US$ of GDP | +20.1% |
| 1977 | 0.0388 current LCU per US$ of GDP | +4.9% |
| 1978 | 0.0396 current LCU per US$ of GDP | +2.1% |
| 1979 | 0.0435 current LCU per US$ of GDP | +9.7% |
| 1980 | 0.0476 current LCU per US$ of GDP | +9.4% |
| 1981 | 0.0468 current LCU per US$ of GDP | -1.5% |
| 1982 | 0.0475 current LCU per US$ of GDP | +1.3% |
| 1983 | 0.0611 current LCU per US$ of GDP | +28.7% |
| 1984 | 0.0658 current LCU per US$ of GDP | +7.6% |
| 1985 | 0.0802 current LCU per US$ of GDP | +21.9% |
| 1986 | 0.0871 current LCU per US$ of GDP | +8.6% |
| 1987 | 0.0898 current LCU per US$ of GDP | +3.1% |
| 1988 | 0.08 current LCU per US$ of GDP | -10.8% |
| 1989 | 0.0661 current LCU per US$ of GDP | -17.5% |
| 1990 | 0.0679 current LCU per US$ of GDP | +2.8% |
| 1991 | 0.0654 current LCU per US$ of GDP | -3.7% |
| 1992 | 0.0598 current LCU per US$ of GDP | -8.6% |
| 1993 | 0.063 current LCU per US$ of GDP | +5.4% |
| 1994 | 0.0686 current LCU per US$ of GDP | +8.8% |
| 1995 | 0.0668 current LCU per US$ of GDP | -2.5% |
| 1996 | 0.0669 current LCU per US$ of GDP | +0.0% |
| 1997 | 0.0633 current LCU per US$ of GDP | -5.4% |
| 1998 | 0.0718 current LCU per US$ of GDP | +13.5% |
| 1999 | 0.0772 current LCU per US$ of GDP | +7.5% |
| 2000 | 0.0737 current LCU per US$ of GDP | -4.5% |
| 2001 | 0.1223 current LCU per US$ of GDP | +65.9% |
| 2002 | 0.1262 current LCU per US$ of GDP | +3.2% |
| 2003 | 0.1178 current LCU per US$ of GDP | -6.6% |
| 2004 | 0.0945 current LCU per US$ of GDP | -19.8% |
| 2005 | 0.0869 current LCU per US$ of GDP | -8.1% |
| 2006 | 0.085 current LCU per US$ of GDP | -2.1% |
| 2007 | 0.0779 current LCU per US$ of GDP | -8.4% |
| 2008 | 0.067 current LCU per US$ of GDP | -14.0% |
| 2009 | 0.0753 current LCU per US$ of GDP | +12.4% |
| 2010 | 0.0644 current LCU per US$ of GDP | -14.5% |
| 2011 | 0.0552 current LCU per US$ of GDP | -14.3% |
| 2012 | 0.0503 current LCU per US$ of GDP | -8.8% |
| 2013 | 0.0548 current LCU per US$ of GDP | +8.8% |
| 2014 | 0.0622 current LCU per US$ of GDP | +13.5% |
| 2015 | 0.0626 current LCU per US$ of GDP | +0.8% |
| 2016 | 0.0738 current LCU per US$ of GDP | +17.8% |
| 2017 | 0.0696 current LCU per US$ of GDP | -5.7% |
| 2018 | 0.0685 current LCU per US$ of GDP | -1.6% |
| 2019 | 0.0716 current LCU per US$ of GDP | +4.5% |
| 2020 | 0.0739 current LCU per US$ of GDP | +3.2% |
| 2021 | 0.0701 current LCU per US$ of GDP | -5.1% |
| 2022 | 0.0652 current LCU per US$ of GDP | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0364 current LCU per US$ of GDP | 0.0298 current LCU per US$ of GDP | 0.0435 current LCU per US$ of GDP | 8 |
| 1980s | 0.0672 current LCU per US$ of GDP | 0.0468 current LCU per US$ of GDP | 0.0898 current LCU per US$ of GDP | 10 |
| 1990s | 0.0671 current LCU per US$ of GDP | 0.0598 current LCU per US$ of GDP | 0.0772 current LCU per US$ of GDP | 10 |
| 2000s | 0.0927 current LCU per US$ of GDP | 0.067 current LCU per US$ of GDP | 0.1262 current LCU per US$ of GDP | 10 |
| 2010s | 0.0633 current LCU per US$ of GDP | 0.0503 current LCU per US$ of GDP | 0.0738 current LCU per US$ of GDP | 10 |
| 2020s | 0.0697 current LCU per US$ of GDP | 0.0652 current LCU per US$ of GDP | 0.0739 current LCU per US$ of GDP | 3 |
Countries ranked near Australia
- 138 Jordan 0.0727 current LCU per US$ of GDP compare
- 139 Palau 0.0698 current LCU per US$ of GDP compare
- 140 Ecuador 0.0652 current LCU per US$ of GDP compare
- 142 Andorra 0.0627 current LCU per US$ of GDP compare
- 143 Marshall Islands 0.0594 current LCU per US$ of GDP compare
- 144 Germany 0.0551 current LCU per US$ of GDP 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), per unit of gdp in Australia?
- Taxes on goods and services (current lcu), per unit of gdp in Australia was 0.0652 current LCU per US$ of GDP in 2022, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Australia?
- The highest recorded value was 0.1262 current LCU per US$ of GDP in 2002.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Australia?
- The lowest recorded value was 0.0298 current LCU per US$ of GDP in 1974.
- How does Australia rank for taxes on goods and services (current lcu), per unit of gdp?
- Australia ranks 141st out of 157 countries with data for 2022.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Australia?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.