Taxes on goods and services in Azerbaijan, Republic of
Azerbaijan, Republic of: Taxes on goods and services was 10.97 billion current LCU in 2024. β Volatile
Taxes on goods and services in Azerbaijan, Republic of, 1994β2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Azerbaijan, Republic of is 10.97 billion current LCU, measured in 2024. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 8.9% on the previous year and up 164.6% over ten years.
Over the whole period, taxes on goods and services in Azerbaijan, Republic of peaked at 10.97 billion current LCU in 2024 and was at its lowest, 29.22 million current LCU, in 1994.
Azerbaijan, Republic of ranks 114th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 159.56 million current LCU | 29.22 million current LCU | 264.75 million current LCU | 6 |
| 2000s | 2.55 billion current LCU | 2.50 billion current LCU | 2.59 billion current LCU | 2 |
| 2010s | 4.23 billion current LCU | 2.70 billion current LCU | 6.52 billion current LCU | 10 |
| 2020s | 8.54 billion current LCU | 6.13 billion current LCU | 10.97 billion current LCU | 5 |
Countries ranked near Azerbaijan, Republic of
- 111 United Arab Emirates 13.12 billion current LCU compare
- 112 Tajikistan, Republic of 12.49 billion current LCU compare
- 113 Georgia 11.97 billion current LCU compare
- 115 Botswana 10.79 billion current LCU compare
- 116 Bhutan 9.84 billion current LCU compare
- 117 Luxembourg 9.72 billion current LCU compare
More public sector data for Azerbaijan, Republic of
- Arms imports 28.00 million SIPRI trend indicator values (2024)
- Tax revenue 17.3% (2024)
- Capital stock, General government, Current prices, Domestic currency 86.42 (2019)
- Taxes on income, profits and capital gains 17.1% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 67.81 (2019)
- Capital stock, General government, Constant prices, Purchasing power 97.53 (2019)
- Taxes on goods and services 21.7% (2024)
- Net investment in nonfinancial assets 7.9% (2024)
- Net lending (+) / net borrowing (-) 3.9% (2024)
- Interest payments 0.9% (2024)
Frequently asked questions
- What is taxes on goods and services in Azerbaijan, Republic of?
- Taxes on goods and services in Azerbaijan, Republic of was 10.97 billion 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 Azerbaijan, Republic of?
- The highest recorded value was 10.97 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Azerbaijan, Republic of?
- The lowest recorded value was 29.22 million current LCU in 1994.
- How does Azerbaijan, Republic of rank for taxes on goods and services?
- Azerbaijan, Republic of ranks 114th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Azerbaijan, Republic of?
- Over the last ten years it is up 164.6%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan, 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.