Taxes on goods and services in Bangladesh
Bangladesh: Taxes on goods and services was 43.2% in 2021. ▲ Rising
Taxes on goods and services in Bangladesh, 2001–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Bangladesh recorded 43.2% for taxes on goods and services in 2021.
The figure is up 0.9% on the previous year and up 39.6% over ten years.
Over the whole period, taxes on goods and services in Bangladesh peaked at 49.8% in 2018 and was at its lowest, 24.8%, in 2001.
That places Bangladesh 29th out of 156 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on goods and services in Bangladesh, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2001 | 24.8% | — |
| 2002 | 25.2% | +1.4% |
| 2003 | 32.4% | +28.5% |
| 2004 | 28.9% | -10.5% |
| 2005 | 27.5% | -5.0% |
| 2006 | 28.6% | +4.0% |
| 2007 | 28.2% | -1.5% |
| 2008 | 27.6% | -2.0% |
| 2009 | 28.8% | +4.1% |
| 2010 | 29.7% | +3.4% |
| 2011 | 31.0% | +4.1% |
| 2012 | 29.1% | -6.0% |
| 2013 | 28.6% | -1.7% |
| 2014 | 28.2% | -1.3% |
| 2015 | 31.3% | +10.9% |
| 2016 | 32.3% | +3.1% |
| 2017 | 49.2% | +52.4% |
| 2018 | 49.8% | +1.3% |
| 2019 | 48.8% | -1.9% |
| 2020 | 42.8% | -12.3% |
| 2021 | 43.2% | +0.9% |
Bangladesh compared with similar countries
- Bangladesh's 43.2% is above the median for lower middle income countries, which is 34.4%, 1.3× the median. (36 countries reporting)
- Bangladesh's 43.2% is above the median for South Asia, which is 40.1%, 1.1× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Bangladesh changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +52.4% | 32.3% | 49.2% |
| 2003 | +28.5% | 25.2% | 32.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.0% | 24.8% | 32.4% | 9 |
| 2010s | 35.8% | 28.2% | 49.8% | 10 |
| 2020s | 43.0% | 42.8% | 43.2% | 2 |
Countries ranked near Bangladesh
- 26 Saint Vincent and the Grenadines 43.5% compare
- 27 Honduras 43.4% compare
- 28 Cameroon 43.3% compare
- 30 Bosnia and Herzegovina 42.7% compare
- 31 Burkina Faso 42.3% compare
- 32 Maldives 42.3% compare
More public sector data for Bangladesh
- Arms imports 75.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.4321 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 8.7 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 75.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 23.25 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.009 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.66 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 4.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 530.85 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Bangladesh?
- Taxes on goods and services in Bangladesh was 43.2% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Bangladesh?
- The highest recorded value was 49.8% in 2018.
- What is the lowest taxes on goods and services recorded in Bangladesh?
- The lowest recorded value was 24.8% in 2001.
- How does Bangladesh rank for taxes on goods and services?
- Bangladesh ranks 29th out of 156 countries with data for 2021.
- Is taxes on goods and services rising or falling in Bangladesh?
- Over the last ten years it is up 39.6%. The long-run trend across the full record is rising.
- Where does this Bangladesh 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.