Taxes on goods and services in Lao People's Democratic Republic
Lao People's Democratic Republic: Taxes on goods and services was 53.9% in 2022. ▲ Rising
Taxes on goods and services in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Lao People's Democratic Republic recorded 53.9% for taxes on goods and services in 2022.
That represents a change of up 9.2% on the previous year and up 32.6% over ten years.
Over the whole period, taxes on goods and services in Lao People's Democratic Republic peaked at 54.9% in 2016 and was at its lowest, 40.6%, in 2012.
Lao People's Democratic Republic ranks 4th of 156 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Taxes on goods and services in Lao People's Democratic Republic, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 43.0% | — |
| 2009 | 45.8% | +6.6% |
| 2010 | 42.0% | -8.3% |
| 2011 | 42.3% | +0.9% |
| 2012 | 40.6% | -4.0% |
| 2013 | 42.6% | +4.7% |
| 2014 | 45.7% | +7.4% |
| 2015 | 45.6% | -0.1% |
| 2016 | 54.9% | +20.3% |
| 2017 | 54.7% | -0.5% |
| 2018 | 52.0% | -4.8% |
| 2019 | 53.5% | +2.9% |
| 2020 | 53.6% | +0.0% |
| 2021 | 49.4% | -7.8% |
| 2022 | 53.9% | +9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.4% | 43.0% | 45.8% | 2 |
| 2010s | 47.4% | 40.6% | 54.9% | 10 |
| 2020s | 52.3% | 49.4% | 53.9% | 3 |
Countries ranked near Lao People's Democratic Republic
More public sector data for Lao People's Democratic Republic
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9009 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 133.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 3.43 current USD per person (2013)
- Military expenditure (current USD), per unit of GDP 0.0019 current USD per US$ of GDP (2013)
- Military expenditure (current USD), annual growth rate 11.56 % change on previous year (2013)
- Military expenditure (current USD), gaps filled 22.68 million current USD (2013)
- Arms imports (SIPRI trend indicator values), per square kilometre 13 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Lao People's Democratic Republic?
- Taxes on goods and services in Lao People's Democratic Republic was 53.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Lao People's Democratic Republic?
- The highest recorded value was 54.9% in 2016.
- What is the lowest taxes on goods and services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 40.6% in 2012.
- How does Lao People's Democratic Republic rank for taxes on goods and services?
- Lao People's Democratic Republic ranks 4th out of 156 countries with data for 2022.
- Is taxes on goods and services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 32.6%. The long-run trend across the full record is rising.
- Where does this Lao People's Democratic Republic 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.