Taxes on goods and services (current LCU), per unit of GDP in India
India: Taxes on goods and services (current LCU), per unit of GDP was 2.46 current LCU per US$ of GDP in 2022. ◆ Volatile
Taxes on goods and services (current LCU), per unit of GDP in India, 1974–2022
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2022, taxes on goods and services (current lcu), per unit of gdp in India stood at 2.46 current LCU per US$ of GDP.
That represents a change of up 37.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in India peaked at 3.77 current LCU per US$ of GDP in 2018 and was at its lowest, 0.3358 current LCU per US$ of GDP, in 1974.
That places India 64th out of 157 countries with data for 2022, putting it 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), per unit of GDP in India, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1974 | 0.3358 current LCU per US$ of GDP | — |
| 1975 | 0.4058 current LCU per US$ of GDP | +20.8% |
| 1976 | 0.4297 current LCU per US$ of GDP | +5.9% |
| 1977 | 0.3833 current LCU per US$ of GDP | -10.8% |
| 1978 | 0.4068 current LCU per US$ of GDP | +6.1% |
| 1979 | 0.4072 current LCU per US$ of GDP | +0.1% |
| 1980 | 0.3634 current LCU per US$ of GDP | -10.8% |
| 1981 | 0.4001 current LCU per US$ of GDP | +10.1% |
| 1982 | 0.4204 current LCU per US$ of GDP | +5.1% |
| 1983 | 0.4863 current LCU per US$ of GDP | +15.7% |
| 1984 | 0.5482 current LCU per US$ of GDP | +12.7% |
| 1985 | 0.5816 current LCU per US$ of GDP | +6.1% |
| 1986 | 0.6075 current LCU per US$ of GDP | +4.5% |
| 1987 | 0.6167 current LCU per US$ of GDP | +1.5% |
| 1988 | 0.6687 current LCU per US$ of GDP | +8.4% |
| 1989 | 0.7959 current LCU per US$ of GDP | +19.0% |
| 1990 | 0.807 current LCU per US$ of GDP | +1.4% |
| 1991 | 1.1 current LCU per US$ of GDP | +36.5% |
| 1992 | 1.14 current LCU per US$ of GDP | +3.1% |
| 1993 | 1.16 current LCU per US$ of GDP | +1.8% |
| 1994 | 1.18 current LCU per US$ of GDP | +1.9% |
| 1995 | 1.16 current LCU per US$ of GDP | -1.2% |
| 1996 | 1.2 current LCU per US$ of GDP | +2.9% |
| 1997 | 1.22 current LCU per US$ of GDP | +2.0% |
| 1998 | 1.34 current LCU per US$ of GDP | +9.9% |
| 1999 | 1.42 current LCU per US$ of GDP | +6.2% |
| 2000 | 1.55 current LCU per US$ of GDP | +8.9% |
| 2001 | 1.6 current LCU per US$ of GDP | +3.0% |
| 2002 | 1.72 current LCU per US$ of GDP | +7.3% |
| 2003 | 1.66 current LCU per US$ of GDP | -3.5% |
| 2004 | 1.62 current LCU per US$ of GDP | -1.9% |
| 2005 | 1.69 current LCU per US$ of GDP | +4.1% |
| 2006 | 1.72 current LCU per US$ of GDP | +2.0% |
| 2007 | 1.45 current LCU per US$ of GDP | -15.7% |
| 2008 | 1.55 current LCU per US$ of GDP | +6.5% |
| 2009 | 1.29 current LCU per US$ of GDP | -16.4% |
| 2010 | 1.31 current LCU per US$ of GDP | +0.9% |
| 2011 | 1.38 current LCU per US$ of GDP | +5.7% |
| 2012 | 1.79 current LCU per US$ of GDP | +29.5% |
| 2013 | 2.08 current LCU per US$ of GDP | +16.7% |
| 2014 | 1.81 current LCU per US$ of GDP | -13.3% |
| 2015 | 2.43 current LCU per US$ of GDP | +34.3% |
| 2016 | 2.84 current LCU per US$ of GDP | +17.0% |
| 2017 | 3.07 current LCU per US$ of GDP | +8.0% |
| 2018 | 3.77 current LCU per US$ of GDP | +22.9% |
| 2022 | 2.46 current LCU per US$ of GDP | -34.8% |
India compared with similar countries
- India's 2.46 current LCU per US$ of GDP is below the median for lower middle income countries, which is 3.52 current LCU per US$ of GDP, 70% of the median. (37 countries reporting)
- India's 2.46 current LCU per US$ of GDP is below the median for South Asia, which is 3.76 current LCU per US$ of GDP, 65% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per unit of GDP in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -34.8% | 3.77 current LCU per US$ of GDP | 2.46 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3948 current LCU per US$ of GDP | 0.3358 current LCU per US$ of GDP | 0.4297 current LCU per US$ of GDP | 6 |
| 1980s | 0.5489 current LCU per US$ of GDP | 0.3634 current LCU per US$ of GDP | 0.7959 current LCU per US$ of GDP | 10 |
| 1990s | 1.17 current LCU per US$ of GDP | 0.807 current LCU per US$ of GDP | 1.42 current LCU per US$ of GDP | 10 |
| 2000s | 1.59 current LCU per US$ of GDP | 1.29 current LCU per US$ of GDP | 1.72 current LCU per US$ of GDP | 10 |
| 2010s | 2.27 current LCU per US$ of GDP | 1.31 current LCU per US$ of GDP | 3.77 current LCU per US$ of GDP | 9 |
| 2020s | 2.46 current LCU per US$ of GDP | 2.46 current LCU per US$ of GDP | 2.46 current LCU per US$ of GDP | 1 |
Countries ranked near India
- 61 Thailand 2.98 current LCU per US$ of GDP compare
- 62 Afghanistan 2.84 current LCU per US$ of GDP compare
- 63 Moldova 2.51 current LCU per US$ of GDP compare
- 65 Honduras 2.44 current LCU per US$ of GDP compare
- 66 Czechia 2.43 current LCU per US$ of GDP compare
- 67 Philippines 2.42 current LCU per US$ of GDP compare
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Frequently asked questions
- What is taxes on goods and services (current lcu), per unit of gdp in India?
- Taxes on goods and services (current lcu), per unit of gdp in India was 2.46 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 India?
- The highest recorded value was 3.77 current LCU per US$ of GDP in 2018.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in India?
- The lowest recorded value was 0.3358 current LCU per US$ of GDP in 1974.
- How does India rank for taxes on goods and services (current lcu), per unit of gdp?
- India ranks 64th out of 157 countries with data for 2022.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in India?
- Over the last ten years it is up 37.6%. The long-run trend across the full record is volatile.
- Where does this India 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.
Download this data
CSV · JSON — 46 observations, free to reuse under Derived by Statizoid from the sources named on the page.
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.