Taxes on goods and services in Armenia, Republic of
Armenia, Republic of: Taxes on goods and services was 1.20 trillion current LCU in 2024. β Volatile
Taxes on goods and services in Armenia, Republic of, 2004β2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Armenia, Republic of recorded 1.20 trillion current LCU for taxes on goods and services in 2024. That is the highest value across all 21 years on record.
That represents a change of up 4.4% on the previous year and up 125.3% over ten years.
Over the whole period, taxes on goods and services in Armenia, Republic of peaked at 1.20 trillion current LCU in 2024 and was at its lowest, 113.05 billion current LCU, in 2004.
Armenia, Republic of ranks 36th of 157 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 226.98 billion current LCU | 113.05 billion current LCU | 361.18 billion current LCU | 6 |
| 2010s | 483.05 billion current LCU | 346.42 billion current LCU | 757.08 billion current LCU | 10 |
| 2020s | 1.01 trillion current LCU | 719.73 billion current LCU | 1.20 trillion current LCU | 5 |
Countries ranked near Armenia, Republic of
- 33 Sri Lanka 1.42 trillion current LCU compare
- 34 Burkina Faso 1.34 trillion current LCU compare
- 35 Malawi 1.22 trillion current LCU compare
- 37 Serbia, Republic of 1.19 trillion current LCU compare
- 38 Philippines 1.12 trillion current LCU compare
- 39 Rwanda 1.02 trillion current LCU compare
More public sector data for Armenia, Republic of
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.4% (2024)
- Capital stock, General government, Current prices, Domestic currency 3,498 (2019)
- Taxes on income, profits and capital gains 39.6% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 27.76 (2019)
- Capital stock, General government, Constant prices, Purchasing power 12 (2019)
- Taxes on goods and services 48.2% (2024)
- Net investment in nonfinancial assets 5.3% (2024)
- Net lending (+) / net borrowing (-) -3.6% (2024)
- Interest payments 12.6% (2024)
Frequently asked questions
- What is taxes on goods and services in Armenia, Republic of?
- Taxes on goods and services in Armenia, Republic of was 1.20 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Armenia, Republic of?
- The highest recorded value was 1.20 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Armenia, Republic of?
- The lowest recorded value was 113.05 billion current LCU in 2004.
- How does Armenia, Republic of rank for taxes on goods and services?
- Armenia, Republic of ranks 36th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Armenia, Republic of?
- Over the last ten years it is up 125.3%. The long-run trend across the full record is volatile.
- Where does this Armenia, Republic of data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.