Taxes on goods and services (% of revenue) in Maldives
Maldives: Taxes on goods and services (% of revenue) was 42.3% in 2021. ◆ Volatile
Taxes on goods and services in Maldives, 1979–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Maldives recorded 42.3% for taxes on goods and services in 2021. That is the highest value across all 40 years on record.
The figure is up 28.5% on the previous year and up 138.7% over ten years.
Over the whole period, taxes on goods and services in Maldives peaked at 42.3% in 2021 and was at its lowest, 5.0%, in 1979.
That places Maldives 33rd out of 156 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (% of revenue) in Maldives, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1979 | 5.0% | — |
| 1980 | 5.4% | +8.3% |
| 1981 | 6.8% | +24.4% |
| 1982 | 11.4% | +69.0% |
| 1983 | 13.2% | +15.0% |
| 1984 | 10.6% | -19.1% |
| 1985 | 16.7% | +56.8% |
| 1986 | 11.0% | -33.8% |
| 1987 | 10.2% | -7.8% |
| 1988 | 10.9% | +6.7% |
| 1990 | 18.5% | +70.1% |
| 1991 | 14.5% | -21.8% |
| 1992 | 16.7% | +15.8% |
| 1993 | 16.0% | -4.4% |
| 1994 | 15.2% | -5.3% |
| 1995 | 14.3% | -5.5% |
| 1996 | 14.7% | +2.5% |
| 1997 | 15.0% | +2.0% |
| 1998 | 14.5% | -3.2% |
| 1999 | 13.3% | -8.2% |
| 2000 | 12.7% | -4.5% |
| 2001 | 12.8% | +0.7% |
| 2002 | 12.5% | -2.4% |
| 2003 | 12.9% | +3.3% |
| 2004 | 13.2% | +2.6% |
| 2005 | 8.5% | -35.4% |
| 2006 | 9.0% | +5.3% |
| 2007 | 8.1% | -10.4% |
| 2008 | 8.6% | +6.6% |
| 2009 | 10.7% | +24.1% |
| 2010 | 9.8% | -8.4% |
| 2011 | 17.7% | +81.1% |
| 2014 | 37.5% | +111.9% |
| 2015 | 37.6% | +0.1% |
| 2016 | 39.3% | +4.7% |
| 2017 | 40.1% | +1.9% |
| 2018 | 40.4% | +0.7% |
| 2019 | 39.4% | -2.3% |
| 2020 | 32.9% | -16.6% |
| 2021 | 42.3% | +28.5% |
Maldives compared with similar countries
- Maldives's 42.3% is above the median for upper middle income countries, which is 34.9%, 1.2× the median. (48 countries reporting)
- Maldives's 42.3% is above the median for South Asia, which is 40.1%, 1.1× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (% of revenue) in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +111.9% | 17.7% | 37.5% |
| 2011 | +81.1% | 9.8% | 17.7% |
| 1990 | +70.1% | 10.9% | 18.5% |
| 1982 | +69.0% | 6.8% | 11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.0% | 5.0% | 5.0% | 1 |
| 1980s | 10.7% | 5.4% | 16.7% | 9 |
| 1990s | 15.3% | 13.3% | 18.5% | 10 |
| 2000s | 10.9% | 8.1% | 13.2% | 10 |
| 2010s | 32.7% | 9.8% | 40.4% | 8 |
| 2020s | 37.6% | 32.9% | 42.3% | 2 |
Countries ranked near Maldives
- 30 Bangladesh 43.2% compare
- 31 Bosnia and Herzegovina 42.7% compare
- 32 Burkina Faso 42.3% compare
- 34 Cambodia 42.2% compare
- 35 Thailand 41.7% compare
- 36 Bulgaria 41.5% compare
More public sector data for Maldives
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 11.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 13.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
Frequently asked questions
- What is taxes on goods and services in Maldives?
- Taxes on goods and services in Maldives was 42.3% 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 Maldives?
- The highest recorded value was 42.3% in 2021.
- What is the lowest taxes on goods and services recorded in Maldives?
- The lowest recorded value was 5.0% in 1979.
- How does Maldives rank for taxes on goods and services?
- Maldives ranks 33rd out of 156 countries with data for 2021.
- Is taxes on goods and services rising or falling in Maldives?
- Over the last ten years it is up 138.7%. The long-run trend across the full record is volatile.
- Where does this Maldives 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 — 40 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.