Taxes on goods and services (% of revenue) in Late-demographic dividend
Late-demographic dividend: Taxes on goods and services (% of revenue) was 33.5% in 2024. ▼ Falling
Taxes on goods and services in Late-demographic dividend, 1995–2024
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 Late-demographic dividend stood at 33.5%.
Compared with earlier readings it is down 0.3% on the previous year and down 5.8% over ten years.
Over the whole period, taxes on goods and services in Late-demographic dividend peaked at 39.2% in 1999 and was at its lowest, 33.0%, in 1995.
That places Late-demographic dividend 16th 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 30 years of available data.
Taxes on goods and services (% of revenue) in Late-demographic dividend, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1995 | 33.0% | — |
| 1996 | 33.5% | +1.3% |
| 1997 | 35.4% | +5.9% |
| 1998 | 36.2% | +2.2% |
| 1999 | 39.2% | +8.2% |
| 2000 | 38.1% | -2.6% |
| 2001 | 38.6% | +1.2% |
| 2002 | 38.3% | -0.9% |
| 2003 | 39.2% | +2.4% |
| 2004 | 38.5% | -1.6% |
| 2005 | 38.4% | -0.3% |
| 2006 | 37.5% | -2.4% |
| 2007 | 37.7% | +0.7% |
| 2008 | 37.4% | -0.8% |
| 2009 | 37.0% | -1.2% |
| 2010 | 38.4% | +3.9% |
| 2011 | 38.0% | -1.0% |
| 2012 | 37.5% | -1.4% |
| 2013 | 37.5% | +0.0% |
| 2014 | 35.6% | -5.2% |
| 2015 | 35.3% | -0.7% |
| 2016 | 35.7% | +1.1% |
| 2017 | 35.0% | -1.9% |
| 2018 | 34.9% | -0.3% |
| 2019 | 33.8% | -3.3% |
| 2020 | 35.0% | +3.7% |
| 2021 | 34.9% | -0.3% |
| 2022 | 34.3% | -1.7% |
| 2023 | 33.6% | -2.0% |
| 2024 | 33.5% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.4% | 33.0% | 39.2% | 5 |
| 2000s | 38.1% | 37.0% | 39.2% | 10 |
| 2010s | 36.2% | 33.8% | 38.4% | 10 |
| 2020s | 34.3% | 33.5% | 35.0% | 5 |
Countries ranked near Late-demographic dividend
More public sector data for Late-demographic dividend
- Arms imports 7.66 billion SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 2.97 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 -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Late-demographic dividend?
- Taxes on goods and services in Late-demographic dividend was 33.5% 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 Late-demographic dividend?
- The highest recorded value was 39.2% in 1999.
- What is the lowest taxes on goods and services recorded in Late-demographic dividend?
- The lowest recorded value was 33.0% in 1995.
- How does Late-demographic dividend rank for taxes on goods and services?
- Late-demographic dividend ranks 16th out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in Late-demographic dividend?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is falling.
- Where does this Late-demographic dividend 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.