Taxes on goods and services in South Asia
South Asia: Taxes on goods and services was 42.0% in 2023. ▲ Rising
Taxes on goods and services in South Asia, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on goods and services in South Asia is 42.0%, measured in 2023.
That represents a change of up 10.7% on the previous year and up 21.4% over ten years.
Over the whole period, taxes on goods and services in South Asia peaked at 48.8% in 2019 and was at its lowest, 31.1%, in 2004.
South Asia ranks 1st of 41 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
Taxes on goods and services in South Asia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 35.9% | — |
| 1991 | 34.5% | -3.9% |
| 1992 | 38.1% | +10.5% |
| 1993 | 35.8% | -6.0% |
| 1994 | 38.4% | +7.1% |
| 1995 | 36.4% | -5.1% |
| 1996 | 34.8% | -4.4% |
| 1997 | 33.8% | -2.9% |
| 1998 | 33.9% | +0.3% |
| 1999 | 33.3% | -1.9% |
| 2000 | 32.2% | -3.4% |
| 2001 | 31.3% | -2.6% |
| 2002 | 31.4% | +0.1% |
| 2003 | 31.7% | +1.2% |
| 2004 | 31.1% | -1.9% |
| 2005 | 32.3% | +3.9% |
| 2006 | 32.8% | +1.5% |
| 2007 | 33.0% | +0.6% |
| 2008 | 32.5% | -1.7% |
| 2009 | 33.1% | +2.1% |
| 2010 | 35.6% | +7.4% |
| 2011 | 35.3% | -0.9% |
| 2012 | 34.6% | -2.1% |
| 2013 | 34.6% | +0.2% |
| 2014 | 34.4% | -0.6% |
| 2015 | 36.7% | +6.6% |
| 2016 | 37.3% | +1.8% |
| 2017 | 45.9% | +22.9% |
| 2018 | 47.8% | +4.1% |
| 2019 | 48.8% | +2.3% |
| 2020 | 41.6% | -14.8% |
| 2021 | 43.2% | +3.9% |
| 2022 | 38.0% | -12.1% |
| 2023 | 42.0% | +10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.5% | 33.3% | 38.4% | 10 |
| 2000s | 32.1% | 31.1% | 33.1% | 10 |
| 2010s | 39.1% | 34.4% | 48.8% | 10 |
| 2020s | 41.2% | 38.0% | 43.2% | 4 |
Countries ranked near South Asia
- 1 Macau, China 76.2% compare
- 2 Sudan 59.8% compare
- 3 Bahamas 58.7% compare
- 4 Lao People's Democratic Republic 53.9% compare
More public sector data for South Asia
- Arms imports 1.26 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.7506 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 -19.55 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.26 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 54.8 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0211 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.92 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 467.61 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in South Asia?
- Taxes on goods and services in South Asia was 42.0% 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 South Asia?
- The highest recorded value was 48.8% in 2019.
- What is the lowest taxes on goods and services recorded in South Asia?
- The lowest recorded value was 31.1% in 2004.
- How does South Asia rank for taxes on goods and services?
- South Asia ranks 1st out of 41 groups with data for 2023.
- Is taxes on goods and services rising or falling in South Asia?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
- Where does this South Asia 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.