Taxes on goods and services in Euro area
Euro area: Taxes on goods and services was 28.7% in 2024. ▲ Rising
Taxes on goods and services in Euro area, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on goods and services in Euro area stood at 28.7%.
The figure is down 3.2% on the previous year and down 9.1% over ten years.
Over the whole period, taxes on goods and services in Euro area peaked at 33.7% in 1973 and was at its lowest, 24.8%, in 1991.
Euro area ranks 33rd of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Taxes on goods and services in Euro area, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1973 | 33.7% | — |
| 1974 | 31.7% | -6.0% |
| 1975 | 29.1% | -8.1% |
| 1976 | 29.6% | +1.7% |
| 1977 | 29.6% | -0.2% |
| 1978 | 28.3% | -4.5% |
| 1979 | 28.2% | -0.2% |
| 1980 | 28.2% | -0.0% |
| 1981 | 27.5% | -2.5% |
| 1982 | 27.8% | +1.1% |
| 1983 | 28.2% | +1.3% |
| 1984 | 28.3% | +0.4% |
| 1985 | 28.4% | +0.3% |
| 1986 | 29.1% | +2.5% |
| 1987 | 28.3% | -2.7% |
| 1988 | 29.9% | +5.8% |
| 1989 | 29.6% | -1.0% |
| 1990 | 27.0% | -8.9% |
| 1991 | 24.8% | -7.9% |
| 1992 | 26.8% | +7.9% |
| 1993 | 27.6% | +2.9% |
| 1994 | 32.1% | +16.6% |
| 1995 | 30.1% | -6.2% |
| 1996 | 29.6% | -1.8% |
| 1997 | 27.8% | -6.0% |
| 1998 | 30.4% | +9.4% |
| 1999 | 31.9% | +4.7% |
| 2000 | 30.6% | -4.0% |
| 2001 | 31.2% | +2.1% |
| 2002 | 32.0% | +2.6% |
| 2003 | 32.2% | +0.4% |
| 2004 | 32.5% | +1.1% |
| 2005 | 33.2% | +2.2% |
| 2006 | 33.1% | -0.6% |
| 2007 | 32.8% | -0.6% |
| 2008 | 32.0% | -2.5% |
| 2009 | 30.8% | -3.7% |
| 2010 | 31.6% | +2.4% |
| 2011 | 31.5% | -0.3% |
| 2012 | 31.1% | -1.3% |
| 2013 | 30.6% | -1.6% |
| 2014 | 31.6% | +3.3% |
| 2015 | 31.5% | -0.1% |
| 2016 | 32.6% | +3.2% |
| 2017 | 33.0% | +1.4% |
| 2018 | 32.9% | -0.4% |
| 2019 | 32.1% | -2.3% |
| 2020 | 31.1% | -3.2% |
| 2021 | 30.3% | -2.4% |
| 2022 | 31.1% | +2.4% |
| 2023 | 29.7% | -4.5% |
| 2024 | 28.7% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.0% | 28.2% | 33.7% | 7 |
| 1980s | 28.5% | 27.5% | 29.9% | 10 |
| 1990s | 28.8% | 24.8% | 32.1% | 10 |
| 2000s | 32.1% | 30.6% | 33.2% | 10 |
| 2010s | 31.8% | 30.6% | 33.0% | 10 |
| 2020s | 30.2% | 28.7% | 31.1% | 5 |
Countries ranked near Euro area
More public sector data for Euro area
- Arms imports 3.29 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 9.21 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 41.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.29 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 806.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 16.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 288.53 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 819.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Euro area?
- Taxes on goods and services in Euro area was 28.7% 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 Euro area?
- The highest recorded value was 33.7% in 1973.
- What is the lowest taxes on goods and services recorded in Euro area?
- The lowest recorded value was 24.8% in 1991.
- How does Euro area rank for taxes on goods and services?
- Euro area ranks 33rd out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in Euro area?
- Over the last ten years it is down 9.1%. The long-run trend across the full record is rising.
- Where does this Euro area 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.