Taxes on goods and services (current LCU), per unit of GDP in United Kingdom
United Kingdom: Taxes on goods and services (current LCU), per unit of GDP was 0.0848 current LCU per US$ of GDP in 2024. ▲ Rising
Latest (2024)
0.0848 current LCU per US$ of GDP
Change on year
down 5.5%
World rank
133rd
of 157 countries
All-time high
0.0929 current LCU per US$ of GDP
in 2022
All-time low
0.0328 current LCU per US$ of GDP
in 1973
Years of data
53
1972–2024
Taxes on goods and services (current LCU), per unit of GDP in United Kingdom, 1972–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in United Kingdom is 0.0848 current LCU per US$ of GDP, measured in 2024.
That represents a change of down 5.5% on the previous year and up 19.5% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in United Kingdom peaked at 0.0929 current LCU per US$ of GDP in 2022 and was at its lowest, 0.0328 current LCU per US$ of GDP, in 1973.
That places United Kingdom 133rd out of 157 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in United Kingdom, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1972 | 0.0352 current LCU per US$ of GDP | — |
| 1973 | 0.0328 current LCU per US$ of GDP | -6.8% |
| 1974 | 0.0366 current LCU per US$ of GDP | +11.6% |
| 1975 | 0.0382 current LCU per US$ of GDP | +4.3% |
| 1976 | 0.0472 current LCU per US$ of GDP | +23.4% |
| 1977 | 0.048 current LCU per US$ of GDP | +1.9% |
| 1978 | 0.042 current LCU per US$ of GDP | -12.6% |
| 1979 | 0.0384 current LCU per US$ of GDP | -8.5% |
| 1980 | 0.0412 current LCU per US$ of GDP | +7.4% |
| 1981 | 0.0476 current LCU per US$ of GDP | +15.4% |
| 1982 | 0.0596 current LCU per US$ of GDP | +25.2% |
| 1983 | 0.0684 current LCU per US$ of GDP | +14.7% |
| 1984 | 0.0802 current LCU per US$ of GDP | +17.3% |
| 1985 | 0.0851 current LCU per US$ of GDP | +6.0% |
| 1986 | 0.0746 current LCU per US$ of GDP | -12.2% |
| 1987 | 0.0612 current LCU per US$ of GDP | -18.0% |
| 1988 | 0.0572 current LCU per US$ of GDP | -6.5% |
| 1989 | 0.059 current LCU per US$ of GDP | +3.1% |
| 1990 | 0.0525 current LCU per US$ of GDP | -10.9% |
| 1991 | 0.056 current LCU per US$ of GDP | +6.6% |
| 1992 | 0.0581 current LCU per US$ of GDP | +3.8% |
| 1993 | 0.0665 current LCU per US$ of GDP | +14.4% |
| 1994 | 0.0687 current LCU per US$ of GDP | +3.3% |
| 1995 | 0.066 current LCU per US$ of GDP | -3.9% |
| 1996 | 0.0671 current LCU per US$ of GDP | +1.7% |
| 1997 | 0.0652 current LCU per US$ of GDP | -2.9% |
| 1998 | 0.0659 current LCU per US$ of GDP | +1.0% |
| 1999 | 0.07 current LCU per US$ of GDP | +6.3% |
| 2000 | 0.0743 current LCU per US$ of GDP | +6.2% |
| 2001 | 0.0762 current LCU per US$ of GDP | +2.5% |
| 2002 | 0.0737 current LCU per US$ of GDP | -3.3% |
| 2003 | 0.0677 current LCU per US$ of GDP | -8.1% |
| 2004 | 0.0607 current LCU per US$ of GDP | -10.3% |
| 2005 | 0.059 current LCU per US$ of GDP | -2.7% |
| 2006 | 0.0585 current LCU per US$ of GDP | -0.9% |
| 2007 | 0.0541 current LCU per US$ of GDP | -7.4% |
| 2008 | 0.0561 current LCU per US$ of GDP | +3.6% |
| 2009 | 0.0633 current LCU per US$ of GDP | +12.8% |
| 2010 | 0.0704 current LCU per US$ of GDP | +11.2% |
| 2011 | 0.0724 current LCU per US$ of GDP | +2.9% |
| 2012 | 0.0731 current LCU per US$ of GDP | +1.0% |
| 2013 | 0.0744 current LCU per US$ of GDP | +1.9% |
| 2014 | 0.071 current LCU per US$ of GDP | -4.7% |
| 2015 | 0.0767 current LCU per US$ of GDP | +8.0% |
| 2016 | 0.0871 current LCU per US$ of GDP | +13.7% |
| 2017 | 0.0911 current LCU per US$ of GDP | +4.6% |
| 2018 | 0.0876 current LCU per US$ of GDP | -3.9% |
| 2019 | 0.0911 current LCU per US$ of GDP | +4.0% |
| 2020 | 0.0865 current LCU per US$ of GDP | -5.1% |
| 2021 | 0.0821 current LCU per US$ of GDP | -5.1% |
| 2022 | 0.0929 current LCU per US$ of GDP | +13.2% |
| 2023 | 0.0897 current LCU per US$ of GDP | -3.4% |
| 2024 | 0.0848 current LCU per US$ of GDP | -5.5% |
United Kingdom compared with similar countries
- United Kingdom's 0.0848 current LCU per US$ of GDP is below the median for high income countries, which is 0.1137 current LCU per US$ of GDP, 75% of the median. (57 countries reporting)
- United Kingdom's 0.0848 current LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.1564 current LCU per US$ of GDP, 54% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0398 current LCU per US$ of GDP | 0.0328 current LCU per US$ of GDP | 0.048 current LCU per US$ of GDP | 8 |
| 1980s | 0.0634 current LCU per US$ of GDP | 0.0412 current LCU per US$ of GDP | 0.0851 current LCU per US$ of GDP | 10 |
| 1990s | 0.0636 current LCU per US$ of GDP | 0.0525 current LCU per US$ of GDP | 0.07 current LCU per US$ of GDP | 10 |
| 2000s | 0.0644 current LCU per US$ of GDP | 0.0541 current LCU per US$ of GDP | 0.0762 current LCU per US$ of GDP | 10 |
| 2010s | 0.0795 current LCU per US$ of GDP | 0.0704 current LCU per US$ of GDP | 0.0911 current LCU per US$ of GDP | 10 |
| 2020s | 0.0872 current LCU per US$ of GDP | 0.0821 current LCU per US$ of GDP | 0.0929 current LCU per US$ of GDP | 5 |
Countries ranked near United Kingdom
- 130 Netherlands 0.0963 current LCU per US$ of GDP compare
- 131 Italy 0.0894 current LCU per US$ of GDP compare
- 132 Malta 0.087 current LCU per US$ of GDP compare
- 134 Belgium 0.084 current LCU per US$ of GDP compare
- 135 San Marino 0.0745 current LCU per US$ of GDP compare
- 136 France 0.0734 current LCU per US$ of GDP compare
More public sector data for United Kingdom
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 609.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services (current lcu), per unit of gdp in United Kingdom?
- Taxes on goods and services (current lcu), per unit of gdp in United Kingdom was 0.0848 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in United Kingdom?
- The highest recorded value was 0.0929 current LCU per US$ of GDP in 2022.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in United Kingdom?
- The lowest recorded value was 0.0328 current LCU per US$ of GDP in 1973.
- How does United Kingdom rank for taxes on goods and services (current lcu), per unit of gdp?
- United Kingdom ranks 133rd out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in United Kingdom?
- Over the last ten years it is up 19.5%. The long-run trend across the full record is rising.
- Where does this United Kingdom 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
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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.