Taxes on goods and services in San Marino
San Marino: Taxes on goods and services was 18.8% in 2024. ▼ Falling
Taxes on goods and services in San Marino, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
San Marino recorded 18.8% for taxes on goods and services in 2024.
That represents a change of down 3.0% on the previous year and down 13.5% over ten years.
Over the whole period, taxes on goods and services in San Marino peaked at 32.5% in 1995 and was at its lowest, 17.6%, in 2020.
That places San Marino 132nd out of 156 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Taxes on goods and services in San Marino, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1995 | 32.5% | — |
| 2002 | 25.1% | -22.8% |
| 2003 | 24.6% | -1.9% |
| 2004 | 23.1% | -6.1% |
| 2005 | 25.8% | +11.4% |
| 2006 | 24.8% | -3.8% |
| 2007 | 26.1% | +5.1% |
| 2008 | 28.3% | +8.5% |
| 2009 | 25.8% | -8.6% |
| 2010 | 24.7% | -4.3% |
| 2011 | 22.0% | -11.1% |
| 2012 | 22.7% | +3.1% |
| 2013 | 23.7% | +4.6% |
| 2014 | 21.8% | -8.2% |
| 2015 | 21.9% | +0.5% |
| 2016 | 21.2% | -3.0% |
| 2017 | 20.7% | -2.2% |
| 2018 | 20.5% | -1.2% |
| 2019 | 19.3% | -5.9% |
| 2020 | 17.6% | -8.8% |
| 2021 | 20.1% | +14.4% |
| 2022 | 18.6% | -7.5% |
| 2023 | 19.4% | +4.3% |
| 2024 | 18.8% | -3.0% |
San Marino compared with similar countries
- San Marino's 18.8% is below the median for high income countries, which is 26.4%, 71% of the median. (57 countries reporting)
- San Marino's 18.8% is below the median for Europe & Central Asia, which is 31.1%, 61% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.5% | 32.5% | 32.5% | 1 |
| 2000s | 25.4% | 23.1% | 28.3% | 8 |
| 2010s | 21.8% | 19.3% | 24.7% | 10 |
| 2020s | 18.9% | 17.6% | 20.1% | 5 |
Countries ranked near San Marino
More public sector data for San Marino
- Tax revenue 17.3% (2023)
- Taxes on income, profits and capital gains 21.8% (2024)
- Net investment in nonfinancial assets 1.3% (2023)
- Net lending (+) / net borrowing (-) 1.2% (2023)
- Interest payments 5.0% (2024)
- Grants and other revenue 26.0% (2024)
- Interest payments 5.9% (2023)
- Other taxes 2.3% (2024)
- Compensation of employees 23.5% (2023)
- Goods and services expense 22.9% (2023)
Frequently asked questions
- What is taxes on goods and services in San Marino?
- Taxes on goods and services in San Marino was 18.8% 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 San Marino?
- The highest recorded value was 32.5% in 1995.
- What is the lowest taxes on goods and services recorded in San Marino?
- The lowest recorded value was 17.6% in 2020.
- How does San Marino rank for taxes on goods and services?
- San Marino ranks 132nd out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in San Marino?
- Over the last ten years it is down 13.5%. The long-run trend across the full record is falling.
- Where does this San Marino 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 — 24 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.