Taxes on goods and services in Middle income
Middle income: Taxes on goods and services was 34.1% in 2023. ▬ Flat
Taxes on goods and services in Middle income, 2002–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2023, taxes on goods and services in Middle income stood at 34.1%.
Compared with earlier readings it is up 0.8% on the previous year and down 3.6% over ten years.
Over the whole period, taxes on goods and services in Middle income peaked at 37.2% in 2018 and was at its lowest, 32.8%, in 2010.
That places Middle income 14th out of 41 groups with data for 2023, putting it in the middle of the range.
Taxes on goods and services in Middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2002 | 33.7% | — |
| 2003 | 34.3% | +1.9% |
| 2004 | 37.0% | +7.7% |
| 2005 | 36.1% | -2.4% |
| 2006 | 35.9% | -0.6% |
| 2007 | 35.9% | -0.0% |
| 2008 | 34.2% | -4.8% |
| 2009 | 33.5% | -1.9% |
| 2010 | 32.8% | -2.1% |
| 2011 | 34.6% | +5.6% |
| 2012 | 34.7% | +0.3% |
| 2013 | 35.4% | +1.9% |
| 2014 | 33.5% | -5.3% |
| 2015 | 34.6% | +3.1% |
| 2016 | 35.5% | +2.8% |
| 2017 | 36.5% | +2.6% |
| 2018 | 37.2% | +2.0% |
| 2019 | 35.3% | -5.1% |
| 2020 | 36.0% | +1.9% |
| 2021 | 35.9% | -0.3% |
| 2022 | 33.8% | -5.7% |
| 2023 | 34.1% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.1% | 33.5% | 37.0% | 8 |
| 2010s | 35.0% | 32.8% | 37.2% | 10 |
| 2020s | 34.9% | 33.8% | 36.0% | 4 |
Countries ranked near Middle income
More public sector data for Middle income
- Arms imports 11.09 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.85 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 -22.08 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.09 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 113.52 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.27 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 678.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 224.76 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Middle income?
- Taxes on goods and services in Middle income was 34.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Middle income?
- The highest recorded value was 37.2% in 2018.
- What is the lowest taxes on goods and services recorded in Middle income?
- The lowest recorded value was 32.8% in 2010.
- How does Middle income rank for taxes on goods and services?
- Middle income ranks 14th out of 41 groups with data for 2023.
- Is taxes on goods and services rising or falling in Middle income?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is flat.
- Where does this 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.