Taxes on goods and services in United States of America
United States of America: Taxes on goods and services was 2.1% in 2024. ▼ Falling
Taxes on goods and services in United States of America, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
United States of America recorded 2.1% for taxes on goods and services in 2024.
That represents a change of up 6.0% on the previous year and down 30.5% over ten years.
Over the whole period, taxes on goods and services in United States of America peaked at 7.1% in 1972 and was at its lowest, 1.9%, in 2022.
That places United States of America 154th out of 156 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 53 years of available data.
Taxes on goods and services in United States of America, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 7.1% | — |
| 1973 | 6.6% | -7.9% |
| 1974 | 6.0% | -9.0% |
| 1975 | 5.6% | -6.1% |
| 1976 | 5.4% | -3.8% |
| 1977 | 4.7% | -13.5% |
| 1978 | 4.4% | -6.9% |
| 1979 | 3.8% | -12.9% |
| 1980 | 4.4% | +16.3% |
| 1981 | 6.4% | +44.1% |
| 1982 | 5.5% | -13.8% |
| 1983 | 5.4% | -1.7% |
| 1984 | 5.2% | -4.2% |
| 1985 | 4.5% | -12.6% |
| 1986 | 3.9% | -12.4% |
| 1987 | 3.5% | -10.9% |
| 1988 | 3.6% | +3.4% |
| 1989 | 3.2% | -11.8% |
| 1990 | 3.2% | +0.1% |
| 1991 | 3.6% | +12.3% |
| 1992 | 3.9% | +8.0% |
| 1993 | 3.8% | -1.5% |
| 1994 | 4.1% | +6.9% |
| 1995 | 4.0% | -3.4% |
| 1996 | 3.5% | -11.9% |
| 1997 | 3.4% | -3.6% |
| 1998 | 3.1% | -6.7% |
| 1999 | 3.6% | +15.2% |
| 2000 | 3.2% | -12.0% |
| 2001 | 3.1% | -1.6% |
| 2002 | 3.5% | +12.4% |
| 2003 | 3.6% | +1.6% |
| 2004 | 3.5% | -2.2% |
| 2005 | 3.2% | -9.4% |
| 2006 | 2.8% | -11.0% |
| 2007 | 2.4% | -13.5% |
| 2008 | 2.5% | +1.5% |
| 2009 | 3.0% | +21.7% |
| 2010 | 2.8% | -8.3% |
| 2011 | 3.0% | +7.1% |
| 2012 | 3.0% | +1.4% |
| 2013 | 2.8% | -5.2% |
| 2014 | 3.0% | +5.1% |
| 2015 | 3.0% | -0.2% |
| 2016 | 2.9% | -4.2% |
| 2017 | 2.5% | -13.8% |
| 2018 | 3.1% | +23.7% |
| 2019 | 2.6% | -14.5% |
| 2020 | 2.3% | -12.1% |
| 2021 | 2.1% | -10.6% |
| 2022 | 1.9% | -6.4% |
| 2023 | 2.0% | +2.1% |
| 2024 | 2.1% | +6.0% |
United States of America compared with similar countries
- United States of America's 2.1% is below the median for high income countries, which is 26.4%, 8% of the median. (57 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 3.8% | 7.1% | 8 |
| 1980s | 4.6% | 3.2% | 6.4% | 10 |
| 1990s | 3.6% | 3.1% | 4.1% | 10 |
| 2000s | 3.1% | 2.4% | 3.6% | 10 |
| 2010s | 2.9% | 2.5% | 3.1% | 10 |
| 2020s | 2.1% | 1.9% | 2.3% | 5 |
Countries ranked near United States of America
- 151 Iran, Islamic Republic of 3.5% compare
- 152 Micronesia, Federated States of 3.4% compare
- 153 Naoero 2.7% compare
- 155 Iraq 0.4% compare
- 156 Kuwait 0.0% compare
More public sector data for United States of America
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 52.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.21 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,933 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.034 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 997.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 86.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in United States of America?
- Taxes on goods and services in United States of America was 2.1% 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 United States of America?
- The highest recorded value was 7.1% in 1972.
- What is the lowest taxes on goods and services recorded in United States of America?
- The lowest recorded value was 1.9% in 2022.
- How does United States of America rank for taxes on goods and services?
- United States of America ranks 154th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in United States of America?
- Over the last ten years it is down 30.5%. The long-run trend across the full record is falling.
- Where does this United States of America 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.