Taxes on goods and services in Lower middle income
Lower middle income: Taxes on goods and services was 35.9% in 2021. ▲ Rising
Taxes on goods and services in Lower middle income, 2003–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on goods and services in Lower middle income is 35.9%, measured in 2021.
The figure is up 1.8% on the previous year and up 27.2% over ten years.
Over the whole period, taxes on goods and services in Lower middle income peaked at 38.0% in 2018 and was at its lowest, 28.2%, in 2011.
Lower middle income ranks 10th of 41 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on goods and services in Lower middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2003 | 31.1% | — |
| 2004 | 32.0% | +2.9% |
| 2005 | 31.0% | -3.2% |
| 2006 | 32.6% | +5.1% |
| 2007 | 32.1% | -1.5% |
| 2008 | 32.1% | +0.2% |
| 2009 | 29.9% | -6.9% |
| 2010 | 29.7% | -0.7% |
| 2011 | 28.2% | -5.2% |
| 2012 | 29.4% | +4.4% |
| 2013 | 32.6% | +10.6% |
| 2014 | 30.5% | -6.2% |
| 2015 | 33.8% | +10.6% |
| 2016 | 35.6% | +5.4% |
| 2017 | 36.5% | +2.5% |
| 2018 | 38.0% | +4.2% |
| 2019 | 36.1% | -4.9% |
| 2020 | 35.2% | -2.5% |
| 2021 | 35.9% | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.5% | 29.9% | 32.6% | 7 |
| 2010s | 33.0% | 28.2% | 38.0% | 10 |
| 2020s | 35.6% | 35.2% | 35.9% | 2 |
Countries ranked near Lower middle income
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 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 -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Lower middle income?
- Taxes on goods and services in Lower middle income was 35.9% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Lower middle income?
- The highest recorded value was 38.0% in 2018.
- What is the lowest taxes on goods and services recorded in Lower middle income?
- The lowest recorded value was 28.2% in 2011.
- How does Lower middle income rank for taxes on goods and services?
- Lower middle income ranks 10th out of 41 groups with data for 2021.
- Is taxes on goods and services rising or falling in Lower middle income?
- Over the last ten years it is up 27.2%. The long-run trend across the full record is rising.
- Where does this Lower middle 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.