Taxes on goods and services in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Taxes on goods and services was 313.51 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in United Kingdom of Great Britain and Northern Ireland, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded 313.51 billion current LCU for taxes on goods and services in 2024. That is the highest value across all 53 years on record.
That represents a change of up 2.1% on the previous year and up 43.2% over ten years.
Over the whole period, taxes on goods and services in United Kingdom of Great Britain and Northern Ireland peaked at 313.51 billion current LCU in 2024 and was at its lowest, 5.99 billion current LCU, in 1972.
That places United Kingdom of Great Britain and Northern Ireland 57th out of 157 countries with data for 2024, 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 in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 5.99 billion current LCU | — |
| 1973 | 6.32 billion current LCU | +5.5% |
| 1974 | 7.55 billion current LCU | +19.4% |
| 1975 | 9.23 billion current LCU | +22.3% |
| 1976 | 10.97 billion current LCU | +18.8% |
| 1977 | 12.64 billion current LCU | +15.2% |
| 1978 | 14.10 billion current LCU | +11.6% |
| 1979 | 16.86 billion current LCU | +19.5% |
| 1980 | 23.29 billion current LCU | +38.2% |
| 1981 | 25.74 billion current LCU | +10.5% |
| 1982 | 30.70 billion current LCU | +19.3% |
| 1983 | 33.48 billion current LCU | +9.0% |
| 1984 | 37.03 billion current LCU | +10.6% |
| 1985 | 41.62 billion current LCU | +12.4% |
| 1986 | 44.89 billion current LCU | +7.9% |
| 1987 | 45.62 billion current LCU | +1.6% |
| 1988 | 52.08 billion current LCU | +14.2% |
| 1989 | 54.66 billion current LCU | +5.0% |
| 1990 | 57.42 billion current LCU | +5.0% |
| 1991 | 63.98 billion current LCU | +11.4% |
| 1992 | 68.55 billion current LCU | +7.1% |
| 1993 | 70.58 billion current LCU | +3.0% |
| 1994 | 78.33 billion current LCU | +11.0% |
| 1995 | 89.03 billion current LCU | +13.7% |
| 1996 | 95.67 billion current LCU | +7.5% |
| 1997 | 102.31 billion current LCU | +6.9% |
| 1998 | 109.40 billion current LCU | +6.9% |
| 1999 | 118.56 billion current LCU | +8.4% |
| 2000 | 124.27 billion current LCU | +4.8% |
| 2001 | 126.19 billion current LCU | +1.5% |
| 2002 | 131.94 billion current LCU | +4.6% |
| 2003 | 139.52 billion current LCU | +5.7% |
| 2004 | 147.51 billion current LCU | +5.7% |
| 2005 | 150.64 billion current LCU | +2.1% |
| 2006 | 159.09 billion current LCU | +5.6% |
| 2007 | 168.11 billion current LCU | +5.7% |
| 2008 | 165.17 billion current LCU | -1.8% |
| 2009 | 153.69 billion current LCU | -6.9% |
| 2010 | 175.65 billion current LCU | +14.3% |
| 2011 | 193.61 billion current LCU | +10.2% |
| 2012 | 198.69 billion current LCU | +2.6% |
| 2013 | 208.23 billion current LCU | +4.8% |
| 2014 | 218.96 billion current LCU | +5.2% |
| 2015 | 225.78 billion current LCU | +3.1% |
| 2016 | 235.85 billion current LCU | +4.5% |
| 2017 | 245.99 billion current LCU | +4.3% |
| 2018 | 253.74 billion current LCU | +3.2% |
| 2019 | 262.05 billion current LCU | +3.3% |
| 2020 | 235.56 billion current LCU | -10.1% |
| 2021 | 262.21 billion current LCU | +11.3% |
| 2022 | 295.63 billion current LCU | +12.7% |
| 2023 | 306.98 billion current LCU | +3.8% |
| 2024 | 313.51 billion current LCU | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.46 billion current LCU | 5.99 billion current LCU | 16.86 billion current LCU | 8 |
| 1980s | 38.91 billion current LCU | 23.29 billion current LCU | 54.66 billion current LCU | 10 |
| 1990s | 85.38 billion current LCU | 57.42 billion current LCU | 118.56 billion current LCU | 10 |
| 2000s | 146.61 billion current LCU | 124.27 billion current LCU | 168.11 billion current LCU | 10 |
| 2010s | 221.86 billion current LCU | 175.65 billion current LCU | 262.05 billion current LCU | 10 |
| 2020s | 282.78 billion current LCU | 235.56 billion current LCU | 313.51 billion current LCU | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More public sector data for United Kingdom of Great Britain and Northern Ireland
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 643.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,180 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0221 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.58 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 81.76 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,951 SIPRI trend indicator values per square kilometre (2023)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is taxes on goods and services in United Kingdom of Great Britain and Northern Ireland?
- Taxes on goods and services in United Kingdom of Great Britain and Northern Ireland was 313.51 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 United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 313.51 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 5.99 billion current LCU in 1972.
- How does United Kingdom of Great Britain and Northern Ireland rank for taxes on goods and services?
- United Kingdom of Great Britain and Northern Ireland ranks 57th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 43.2%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.