Taxes on goods and services in Naoero
Naoero: Taxes on goods and services was 2.7% in 2024. ▲ Rising
Taxes on goods and services in Naoero, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Naoero recorded 2.7% for taxes on goods and services in 2024.
The figure is down 24.3% on the previous year and up 1.2% over ten years.
Over the whole period, taxes on goods and services in Naoero peaked at 3.6% in 2021 and was at its lowest, 0.9%, in 2019.
That places Naoero 153rd out of 156 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Taxes on goods and services in Naoero, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2014 | 2.7% | — |
| 2015 | 1.8% | -34.1% |
| 2016 | 2.4% | +34.7% |
| 2017 | 2.5% | +3.8% |
| 2018 | 1.7% | -31.3% |
| 2019 | 0.9% | -48.6% |
| 2020 | 0.9% | +1.7% |
| 2021 | 3.6% | +306.1% |
| 2022 | 3.3% | -7.9% |
| 2023 | 3.6% | +8.0% |
| 2024 | 2.7% | -24.3% |
Naoero compared with similar countries
- Naoero's 2.7% is below the median for high income countries, which is 26.4%, 10% of the median. (57 countries reporting)
- Naoero's 2.7% is below the median for East Asia & Pacific, which is 25.7%, 11% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.0% | 0.9% | 2.7% | 6 |
| 2020s | 2.8% | 0.9% | 3.6% | 5 |
Countries ranked near Naoero
- 150 Equatorial Guinea 4.0% compare
- 151 Iran, Islamic Republic of 3.5%
- 152 Micronesia, Federated States of 3.4% compare
- 154 United States of America 2.1% compare
- 155 Iraq 0.4% compare
- 156 Kuwait 0.0%
More public sector data for Naoero
- Tax revenue 21.4% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 (2019)
- Taxes on income, profits and capital gains 8.7% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 0 (2019)
- Capital stock, General government, Constant prices, Purchasing power 0 (2019)
- Net investment in nonfinancial assets 9.2% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) 15.1% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 units per square kilometre (2019)
Frequently asked questions
- What is taxes on goods and services in Naoero?
- Taxes on goods and services in Naoero was 2.7% 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 Naoero?
- The highest recorded value was 3.6% in 2021.
- What is the lowest taxes on goods and services recorded in Naoero?
- The lowest recorded value was 0.9% in 2019.
- How does Naoero rank for taxes on goods and services?
- Naoero ranks 153rd out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Naoero?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is rising.
- Where does this Naoero 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 — 11 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.