Taxes on goods and services in Honduras
Honduras: Taxes on goods and services was 43.4% in 2020. ▲ Rising
Taxes on goods and services in Honduras, 1972–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Honduras recorded 43.4% for taxes on goods and services in 2020.
The figure is up 6.6% over ten years.
Over the whole period, taxes on goods and services in Honduras peaked at 47.7% in 2015 and was at its lowest, 24.4%, in 1980.
That places Honduras 27th out of 156 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Taxes on goods and services in Honduras, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 34.3% | — |
| 1973 | 32.7% | -4.9% |
| 1974 | 29.1% | -10.8% |
| 1975 | 27.8% | -4.7% |
| 1976 | 26.9% | -3.0% |
| 1977 | 27.2% | +0.9% |
| 1978 | 26.0% | -4.2% |
| 1979 | 25.8% | -0.7% |
| 1980 | 24.4% | -5.3% |
| 1981 | 26.6% | +8.8% |
| 2003 | 44.8% | +68.3% |
| 2004 | 43.8% | -2.2% |
| 2005 | 42.3% | -3.5% |
| 2006 | 42.3% | -0.0% |
| 2007 | 42.3% | +0.2% |
| 2008 | 39.8% | -6.0% |
| 2009 | 39.6% | -0.4% |
| 2010 | 40.7% | +2.6% |
| 2011 | 40.7% | -0.0% |
| 2012 | 41.0% | +0.9% |
| 2013 | 39.6% | -3.4% |
| 2014 | 44.3% | +11.7% |
| 2015 | 47.7% | +7.7% |
| 2020 | 43.4% | -9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.7% | 25.8% | 34.3% | 8 |
| 1980s | 25.5% | 24.4% | 26.6% | 2 |
| 2000s | 42.1% | 39.6% | 44.8% | 7 |
| 2010s | 42.3% | 39.6% | 47.7% | 6 |
| 2020s | 43.4% | 43.4% | 43.4% | 1 |
Countries ranked near Honduras
- 24 Republic of Moldova 44.4% compare
- 25 Uganda 44.0% compare
- 26 Saint Vincent and the Grenadines 43.5% compare
- 28 Cameroon 43.3% compare
- 29 Bangladesh 43.2% compare
- 30 Bosnia and Herzegovina 42.7% compare
More public sector data for Honduras
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.6466 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 -100 % change on previous year (2020)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 53.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0157 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.15 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 581.27 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.75 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is taxes on goods and services in Honduras?
- Taxes on goods and services in Honduras was 43.4% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Honduras?
- The highest recorded value was 47.7% in 2015.
- What is the lowest taxes on goods and services recorded in Honduras?
- The lowest recorded value was 24.4% in 1980.
- How does Honduras rank for taxes on goods and services?
- Honduras ranks 27th out of 156 countries with data for 2020.
- Is taxes on goods and services rising or falling in Honduras?
- Over the last ten years it is up 6.6%. The long-run trend across the full record is rising.
- Where does this Honduras 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.