Taxes on goods and services in Europe & Central Asia
Europe & Central Asia: Taxes on goods and services was 31.1% in 2024. ▬ Flat
Taxes on goods and services in Europe & Central Asia, 1994–2024
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 Europe & Central Asia stood at 31.1%.
Compared with earlier readings it is down 0.9% on the previous year and down 8.5% over ten years.
Over the whole period, taxes on goods and services in Europe & Central Asia peaked at 35.2% in 2016 and was at its lowest, 31.0%, in 1995.
Europe & Central Asia ranks 29th of 41 groups on this measure, in the middle of the range.
Taxes on goods and services in Europe & Central Asia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1994 | 32.1% | — |
| 1995 | 31.0% | -3.7% |
| 1996 | 32.7% | +5.6% |
| 1997 | 32.4% | -1.0% |
| 1998 | 34.0% | +5.2% |
| 1999 | 34.2% | +0.4% |
| 2000 | 32.7% | -4.4% |
| 2001 | 33.6% | +3.0% |
| 2002 | 33.0% | -2.0% |
| 2003 | 33.7% | +2.4% |
| 2004 | 34.2% | +1.3% |
| 2005 | 33.5% | -2.0% |
| 2006 | 33.7% | +0.5% |
| 2007 | 33.7% | +0.2% |
| 2008 | 32.0% | -5.1% |
| 2009 | 33.0% | +3.0% |
| 2010 | 32.7% | -0.9% |
| 2011 | 34.2% | +4.5% |
| 2012 | 33.7% | -1.3% |
| 2013 | 34.1% | +1.2% |
| 2014 | 33.9% | -0.5% |
| 2015 | 34.6% | +2.1% |
| 2016 | 35.2% | +1.6% |
| 2017 | 35.0% | -0.6% |
| 2018 | 34.2% | -2.4% |
| 2019 | 34.0% | -0.5% |
| 2020 | 33.2% | -2.4% |
| 2021 | 33.3% | +0.5% |
| 2022 | 32.5% | -2.4% |
| 2023 | 31.4% | -3.6% |
| 2024 | 31.1% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.7% | 31.0% | 34.2% | 6 |
| 2000s | 33.3% | 32.0% | 34.2% | 10 |
| 2010s | 34.2% | 32.7% | 35.2% | 10 |
| 2020s | 32.3% | 31.1% | 33.3% | 5 |
Countries ranked near Europe & Central Asia
- 26 Saint Vincent and the Grenadines 43.5% compare
- 27 Honduras 43.4% compare
- 28 Cameroon 43.3% compare
- 29 Bangladesh 43.2% compare
- 30 Bosnia and Herzegovina 42.7% compare
- 31 Burkina Faso 42.3% compare
- 32 Maldives 42.3% compare
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 15.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 23.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 774.37 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0245 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.52 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 719.05 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 416.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Europe & Central Asia?
- Taxes on goods and services in Europe & Central Asia was 31.1% 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 Europe & Central Asia?
- The highest recorded value was 35.2% in 2016.
- What is the lowest taxes on goods and services recorded in Europe & Central Asia?
- The lowest recorded value was 31.0% in 1995.
- How does Europe & Central Asia rank for taxes on goods and services?
- Europe & Central Asia ranks 29th out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in Europe & Central Asia?
- Over the last ten years it is down 8.5%. The long-run trend across the full record is flat.
- Where does this Europe & Central Asia 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.