Taxes on goods and services in Small states
Small states: Taxes on goods and services was 33.4% in 2022. ▼ Falling
Taxes on goods and services in Small states, 1991–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Small states recorded 33.4% for taxes on goods and services in 2022.
Compared with earlier readings it is up 11.4% on the previous year and up 31.8% over ten years.
Over the whole period, taxes on goods and services in Small states peaked at 36.9% in 1999 and was at its lowest, 23.1%, in 2011.
That places Small states 17th out of 41 groups with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 32 years of available data.
Taxes on goods and services in Small states, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1991 | 33.8% | — |
| 1992 | 31.8% | -6.1% |
| 1993 | 33.9% | +6.6% |
| 1994 | 34.9% | +3.1% |
| 1995 | 30.7% | -12.1% |
| 1996 | 33.5% | +9.3% |
| 1997 | 34.2% | +2.0% |
| 1998 | 34.0% | -0.7% |
| 1999 | 36.9% | +8.7% |
| 2000 | 34.3% | -7.2% |
| 2001 | 29.5% | -13.8% |
| 2002 | 30.7% | +4.1% |
| 2003 | 26.7% | -13.1% |
| 2004 | 35.6% | +33.4% |
| 2005 | 35.3% | -0.9% |
| 2006 | 35.1% | -0.6% |
| 2007 | 33.7% | -4.0% |
| 2008 | 33.5% | -0.4% |
| 2009 | 33.0% | -1.7% |
| 2010 | 24.3% | -26.3% |
| 2011 | 23.1% | -5.0% |
| 2012 | 25.4% | +10.0% |
| 2013 | 31.5% | +24.2% |
| 2014 | 24.8% | -21.3% |
| 2015 | 26.1% | +5.2% |
| 2016 | 28.4% | +8.9% |
| 2017 | 27.5% | -3.2% |
| 2018 | 29.0% | +5.6% |
| 2019 | 28.1% | -3.3% |
| 2020 | 29.9% | +6.6% |
| 2021 | 30.0% | +0.4% |
| 2022 | 33.4% | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.7% | 30.7% | 36.9% | 9 |
| 2000s | 32.8% | 26.7% | 35.6% | 10 |
| 2010s | 26.8% | 23.1% | 31.5% | 10 |
| 2020s | 31.1% | 29.9% | 33.4% | 3 |
Countries ranked near Small states
More public sector data for Small states
- Arms imports 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 8.25 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 215.46 SIPRI trend indicator values per square kilometre (2021)
- Tax revenue 20.5% (2019)
- Taxes on income, profits and capital gains 24.1% (2022)
- Net investment in nonfinancial assets 3.0% (2019)
- Net lending (+) / net borrowing (-) -2.2% (2019)
- Interest payments 1.8% (2022)
- Grants and other revenue 12.8% (2022)
Frequently asked questions
- What is taxes on goods and services in Small states?
- Taxes on goods and services in Small states was 33.4% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Small states?
- The highest recorded value was 36.9% in 1999.
- What is the lowest taxes on goods and services recorded in Small states?
- The lowest recorded value was 23.1% in 2011.
- How does Small states rank for taxes on goods and services?
- Small states ranks 17th out of 41 groups with data for 2022.
- Is taxes on goods and services rising or falling in Small states?
- Over the last ten years it is up 31.8%. The long-run trend across the full record is falling.
- Where does this Small states 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 — 32 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.