Taxes on goods and services in United States of America
United States of America: Taxes on goods and services was 108.24 billion current LCU in 2024. ▲ Rising
Latest (2024)
108.24 billion current LCU
Change on year
up 13.5%
World rank
77th
of 157 countries
All-time high
110.17 billion current LCU
in 2018
All-time low
15.28 billion current LCU
in 1972
Years of data
53
1972–2024
Taxes on goods and services in United States of America, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United States of America recorded 108.24 billion current LCU for taxes on goods and services in 2024.
Compared with earlier readings it is up 13.5% on the previous year and up 9.0% over ten years.
Over the whole period, taxes on goods and services in United States of America peaked at 110.17 billion current LCU in 2018 and was at its lowest, 15.28 billion current LCU, in 1972.
United States of America ranks 77th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on goods and services in United States of America, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 15.28 billion current LCU | — |
| 1973 | 16.05 billion current LCU | +5.0% |
| 1974 | 16.63 billion current LCU | +3.6% |
| 1975 | 16.41 billion current LCU | -1.3% |
| 1976 | 16.83 billion current LCU | +2.6% |
| 1977 | 17.37 billion current LCU | +3.2% |
| 1978 | 18.15 billion current LCU | +4.5% |
| 1979 | 18.54 billion current LCU | +2.1% |
| 1980 | 24.08 billion current LCU | +29.9% |
| 1981 | 40.68 billion current LCU | +68.9% |
| 1982 | 36.14 billion current LCU | -11.2% |
| 1983 | 35.18 billion current LCU | -2.7% |
| 1984 | 37.05 billion current LCU | +5.3% |
| 1985 | 35.67 billion current LCU | -3.7% |
| 1986 | 32.49 billion current LCU | -8.9% |
| 1987 | 32.01 billion current LCU | -1.5% |
| 1988 | 35.02 billion current LCU | +9.4% |
| 1989 | 33.58 billion current LCU | -4.1% |
| 1990 | 34.88 billion current LCU | +3.9% |
| 1991 | 41.86 billion current LCU | +20.0% |
| 1992 | 45.05 billion current LCU | +7.6% |
| 1993 | 47.53 billion current LCU | +5.5% |
| 1994 | 54.63 billion current LCU | +14.9% |
| 1995 | 56.92 billion current LCU | +4.2% |
| 1996 | 53.45 billion current LCU | -6.1% |
| 1997 | 56.06 billion current LCU | +4.9% |
| 1998 | 56.43 billion current LCU | +0.7% |
| 1999 | 68.92 billion current LCU | +22.1% |
| 2000 | 67.13 billion current LCU | -2.6% |
| 2001 | 64.65 billion current LCU | -3.7% |
| 2002 | 66.89 billion current LCU | +3.5% |
| 2003 | 68.75 billion current LCU | +2.8% |
| 2004 | 71.98 billion current LCU | +4.7% |
| 2005 | 74.08 billion current LCU | +2.9% |
| 2006 | 72.56 billion current LCU | -2.0% |
| 2007 | 65.83 billion current LCU | -9.3% |
| 2008 | 64.74 billion current LCU | -1.7% |
| 2009 | 68.30 billion current LCU | +5.5% |
| 2010 | 68.18 billion current LCU | -0.2% |
| 2011 | 76.73 billion current LCU | +12.5% |
| 2012 | 81.66 billion current LCU | +6.4% |
| 2013 | 90.01 billion current LCU | +10.2% |
| 2014 | 99.32 billion current LCU | +10.3% |
| 2015 | 103.74 billion current LCU | +4.4% |
| 2016 | 99.74 billion current LCU | -3.9% |
| 2017 | 92.92 billion current LCU | -6.8% |
| 2018 | 110.17 billion current LCU | +18.6% |
| 2019 | 97.16 billion current LCU | -11.8% |
| 2020 | 86.72 billion current LCU | -10.7% |
| 2021 | 91.46 billion current LCU | +5.5% |
| 2022 | 99.41 billion current LCU | +8.7% |
| 2023 | 95.36 billion current LCU | -4.1% |
| 2024 | 108.24 billion current LCU | +13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.91 billion current LCU | 15.28 billion current LCU | 18.54 billion current LCU | 8 |
| 1980s | 34.19 billion current LCU | 24.08 billion current LCU | 40.68 billion current LCU | 10 |
| 1990s | 51.57 billion current LCU | 34.88 billion current LCU | 68.92 billion current LCU | 10 |
| 2000s | 68.49 billion current LCU | 64.65 billion current LCU | 74.08 billion current LCU | 10 |
| 2010s | 91.96 billion current LCU | 68.18 billion current LCU | 110.17 billion current LCU | 10 |
| 2020s | 96.24 billion current LCU | 86.72 billion current LCU | 108.24 billion current LCU | 5 |
Countries ranked near United States of America
- 74 Netherlands 116.90 billion current LCU compare
- 75 North Macedonia 115.06 billion current LCU compare
- 76 Australia 110.61 billion current LCU compare
- 78 Macau, China 96.35 billion current LCU compare
- 79 Mauritius 91.64 billion current LCU compare
- 80 Equatorial Guinea 89.25 billion current LCU compare
More public sector data for United States of America
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 52.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.21 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,933 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.034 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 997.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 86.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in United States of America?
- Taxes on goods and services in United States of America was 108.24 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 States of America?
- The highest recorded value was 110.17 billion current LCU in 2018.
- What is the lowest taxes on goods and services recorded in United States of America?
- The lowest recorded value was 15.28 billion current LCU in 1972.
- How does United States of America rank for taxes on goods and services?
- United States of America ranks 77th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in United States of America?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is rising.
- Where does this United States of America 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.