Taxes on goods and services in High income
High income: Taxes on goods and services was 27.9% in 2024. ▲ Rising
Taxes on goods and services in High income, 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 High income stood at 27.9%.
That represents a change of down 1.6% on the previous year and down 11.5% over ten years.
Over the whole period, taxes on goods and services in High income peaked at 32.0% in 1999 and was at its lowest, 25.9%, in 1978.
High income ranks 35th of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Taxes on goods and services in High income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1973 | 31.6% | — |
| 1974 | 30.0% | -4.9% |
| 1975 | 29.1% | -2.9% |
| 1976 | 28.8% | -1.3% |
| 1977 | 27.9% | -3.0% |
| 1978 | 25.9% | -7.1% |
| 1979 | 26.2% | +1.1% |
| 1980 | 28.5% | +8.6% |
| 1981 | 27.0% | -5.0% |
| 1982 | 27.3% | +1.2% |
| 1983 | 29.6% | +8.1% |
| 1984 | 29.4% | -0.5% |
| 1985 | 29.9% | +1.7% |
| 1986 | 29.5% | -1.4% |
| 1987 | 29.7% | +0.6% |
| 1988 | 30.2% | +2.0% |
| 1990 | 28.4% | -6.1% |
| 1991 | 27.4% | -3.5% |
| 1992 | 27.4% | +0.0% |
| 1993 | 29.5% | +7.7% |
| 1994 | 31.0% | +5.0% |
| 1995 | 30.4% | -1.9% |
| 1996 | 29.9% | -1.6% |
| 1997 | 29.7% | -0.8% |
| 1998 | 30.4% | +2.6% |
| 1999 | 32.0% | +5.2% |
| 2000 | 31.2% | -2.6% |
| 2001 | 31.7% | +1.6% |
| 2002 | 31.9% | +0.7% |
| 2003 | 31.3% | -1.7% |
| 2004 | 32.0% | +1.9% |
| 2005 | 31.7% | -0.9% |
| 2006 | 31.8% | +0.4% |
| 2007 | 31.7% | -0.3% |
| 2008 | 31.7% | +0.0% |
| 2009 | 30.8% | -2.7% |
| 2010 | 31.3% | +1.4% |
| 2011 | 31.5% | +0.9% |
| 2012 | 31.3% | -0.9% |
| 2013 | 30.7% | -1.7% |
| 2014 | 31.6% | +2.7% |
| 2015 | 31.1% | -1.4% |
| 2016 | 31.1% | -0.1% |
| 2017 | 31.5% | +1.2% |
| 2018 | 29.8% | -5.4% |
| 2019 | 29.7% | -0.2% |
| 2020 | 29.6% | -0.5% |
| 2021 | 30.2% | +2.1% |
| 2022 | 29.0% | -4.1% |
| 2023 | 28.4% | -1.9% |
| 2024 | 27.9% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.5% | 25.9% | 31.6% | 7 |
| 1980s | 29.0% | 27.0% | 30.2% | 9 |
| 1990s | 29.6% | 27.4% | 32.0% | 10 |
| 2000s | 31.6% | 30.8% | 32.0% | 10 |
| 2010s | 30.9% | 29.7% | 31.6% | 10 |
| 2020s | 29.0% | 27.9% | 30.2% | 5 |
Countries ranked near High income
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 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 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in High income?
- Taxes on goods and services in High income was 27.9% 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 High income?
- The highest recorded value was 32.0% in 1999.
- What is the lowest taxes on goods and services recorded in High income?
- The lowest recorded value was 25.9% in 1978.
- How does High income rank for taxes on goods and services?
- High income ranks 35th out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in High income?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is rising.
- Where does this High income 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.