Taxes on goods and services in IBRD only
IBRD only: Taxes on goods and services was 32.3% in 2024. ▼ Falling
Taxes on goods and services in IBRD only, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
IBRD only recorded 32.3% for taxes on goods and services in 2024. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 1.8% on the previous year and down 5.1% over ten years.
Over the whole period, taxes on goods and services in IBRD only peaked at 38.6% in 1999 and was at its lowest, 32.3%, in 2024.
That places IBRD only 26th out of 41 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Taxes on goods and services in IBRD only, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1994 | 32.8% | — |
| 1995 | 33.2% | +1.1% |
| 1996 | 33.3% | +0.2% |
| 1997 | 35.2% | +5.8% |
| 1998 | 37.3% | +6.0% |
| 1999 | 38.6% | +3.5% |
| 2000 | 35.6% | -7.9% |
| 2001 | 35.3% | -0.7% |
| 2002 | 36.1% | +2.1% |
| 2003 | 35.9% | -0.5% |
| 2004 | 37.5% | +4.6% |
| 2005 | 37.6% | +0.2% |
| 2006 | 36.1% | -4.0% |
| 2007 | 36.6% | +1.4% |
| 2008 | 36.6% | -0.0% |
| 2009 | 35.6% | -2.6% |
| 2010 | 38.4% | +7.7% |
| 2011 | 36.4% | -5.2% |
| 2012 | 35.7% | -2.0% |
| 2013 | 35.9% | +0.5% |
| 2014 | 34.1% | -5.0% |
| 2015 | 35.3% | +3.6% |
| 2016 | 35.4% | +0.3% |
| 2017 | 34.5% | -2.7% |
| 2018 | 34.2% | -0.9% |
| 2019 | 33.8% | -1.2% |
| 2020 | 35.3% | +4.6% |
| 2021 | 34.7% | -1.8% |
| 2022 | 32.8% | -5.4% |
| 2023 | 32.9% | +0.4% |
| 2024 | 32.3% | -1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.1% | 32.8% | 38.6% | 6 |
| 2000s | 36.3% | 35.3% | 37.6% | 10 |
| 2010s | 35.4% | 33.8% | 38.4% | 10 |
| 2020s | 33.6% | 32.3% | 35.3% | 5 |
Countries ranked near IBRD only
- 23 Fiji 44.4% compare
- 24 Republic of Moldova 44.4% compare
- 25 Uganda 44.0% compare
- 26 Saint Vincent and the Grenadines 43.5% compare
- 27 Honduras 43.4% compare
- 28 Cameroon 43.3% compare
- 29 Bangladesh 43.2% compare
More public sector data for IBRD only
- Arms imports 11.74 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.36 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 -10.26 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.74 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 171.58 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.021 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.21 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 854.40 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 184.84 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in IBRD only?
- Taxes on goods and services in IBRD only was 32.3% 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 IBRD only?
- The highest recorded value was 38.6% in 1999.
- What is the lowest taxes on goods and services recorded in IBRD only?
- The lowest recorded value was 32.3% in 2024.
- How does IBRD only rank for taxes on goods and services?
- IBRD only ranks 26th out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in IBRD only?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is falling.
- Where does this IBRD only 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.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.