Taxes on goods and services in European Union
European Union: Taxes on goods and services was 29.2% in 2024. ▲ Rising
Taxes on goods and services in European Union, 1975–2024
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 European Union stood at 29.2%.
Compared with earlier readings it is down 5.4% on the previous year and down 10.3% over ten years.
Over the whole period, taxes on goods and services in European Union peaked at 35.2% in 2005 and was at its lowest, 25.6%, in 1991.
That places European Union 31st out of 41 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Taxes on goods and services in European Union, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1975 | 30.3% | — |
| 1976 | 29.6% | -2.1% |
| 1977 | 29.6% | -0.2% |
| 1978 | 29.9% | +1.1% |
| 1979 | 30.3% | +1.2% |
| 1980 | 29.9% | -1.4% |
| 1981 | 30.1% | +1.0% |
| 1982 | 30.1% | -0.1% |
| 1983 | 30.1% | -0.1% |
| 1984 | 30.3% | +0.8% |
| 1985 | 29.9% | -1.4% |
| 1986 | 29.6% | -1.1% |
| 1987 | 29.7% | +0.2% |
| 1988 | 30.3% | +2.0% |
| 1989 | 30.2% | -0.2% |
| 1990 | 31.0% | +2.6% |
| 1991 | 25.6% | -17.3% |
| 1992 | 27.4% | +7.0% |
| 1993 | 28.4% | +3.6% |
| 1994 | 32.1% | +12.9% |
| 1995 | 29.7% | -7.4% |
| 1996 | 29.5% | -0.6% |
| 1997 | 29.7% | +0.6% |
| 1998 | 31.5% | +6.1% |
| 1999 | 32.0% | +1.8% |
| 2000 | 31.6% | -1.2% |
| 2001 | 32.4% | +2.4% |
| 2002 | 32.6% | +0.6% |
| 2003 | 33.1% | +1.4% |
| 2004 | 33.9% | +2.6% |
| 2005 | 35.2% | +3.7% |
| 2006 | 34.2% | -2.6% |
| 2007 | 33.7% | -1.6% |
| 2008 | 32.0% | -4.9% |
| 2009 | 32.8% | +2.5% |
| 2010 | 32.8% | -0.2% |
| 2011 | 32.1% | -2.2% |
| 2012 | 33.0% | +3.0% |
| 2013 | 33.5% | +1.5% |
| 2014 | 32.6% | -2.9% |
| 2015 | 32.6% | +0.2% |
| 2016 | 34.4% | +5.3% |
| 2017 | 33.6% | -2.3% |
| 2018 | 33.8% | +0.5% |
| 2019 | 33.8% | -0.0% |
| 2020 | 31.2% | -7.7% |
| 2021 | 31.5% | +1.0% |
| 2022 | 31.8% | +1.0% |
| 2023 | 30.9% | -2.8% |
| 2024 | 29.2% | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.9% | 29.6% | 30.3% | 5 |
| 1980s | 30.0% | 29.6% | 30.3% | 10 |
| 1990s | 29.7% | 25.6% | 32.1% | 10 |
| 2000s | 33.2% | 31.6% | 35.2% | 10 |
| 2010s | 33.2% | 32.1% | 34.4% | 10 |
| 2020s | 30.9% | 29.2% | 31.8% | 5 |
Countries ranked near European Union
- 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
- 33 Cambodia 42.2% compare
- 34 Morocco 42.2% compare
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.69 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 29.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 818.48 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0189 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 20.53 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 368.50 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,195 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in European Union?
- Taxes on goods and services in European Union was 29.2% 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 European Union?
- The highest recorded value was 35.2% in 2005.
- What is the lowest taxes on goods and services recorded in European Union?
- The lowest recorded value was 25.6% in 1991.
- How does European Union rank for taxes on goods and services?
- European Union ranks 31st out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in European Union?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is rising.
- Where does this European Union 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.