Taxes on goods and services in Upper middle income
Upper middle income: Taxes on goods and services was 33.6% in 2024. ▼ Falling
Taxes on goods and services in Upper middle income, 1996–2024
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 Upper middle income is 33.6%, measured in 2024. That is the lowest value across all 27 years on record.
That represents a change of down 1.6% on the previous year and down 9.8% over ten years.
Over the whole period, taxes on goods and services in Upper middle income peaked at 39.8% in 2005 and was at its lowest, 33.6%, in 2024.
Upper middle income ranks 15th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Taxes on goods and services in Upper middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1996 | 34.0% | — |
| 1997 | 36.8% | +8.2% |
| 1998 | 37.9% | +2.9% |
| 1999 | 39.2% | +3.4% |
| 2002 | 37.7% | -3.7% |
| 2003 | 38.0% | +0.8% |
| 2004 | 38.8% | +2.0% |
| 2005 | 39.8% | +2.5% |
| 2006 | 39.2% | -1.5% |
| 2007 | 38.2% | -2.5% |
| 2008 | 36.7% | -3.8% |
| 2009 | 36.7% | -0.1% |
| 2010 | 39.6% | +8.0% |
| 2011 | 38.9% | -1.7% |
| 2012 | 37.4% | -3.9% |
| 2013 | 37.8% | +1.1% |
| 2014 | 37.2% | -1.6% |
| 2015 | 38.5% | +3.5% |
| 2016 | 35.5% | -7.8% |
| 2017 | 37.2% | +4.9% |
| 2018 | 35.2% | -5.5% |
| 2019 | 33.9% | -3.7% |
| 2020 | 36.7% | +8.2% |
| 2021 | 35.7% | -2.6% |
| 2022 | 34.2% | -4.3% |
| 2023 | 34.1% | -0.3% |
| 2024 | 33.6% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.0% | 34.0% | 39.2% | 4 |
| 2000s | 38.1% | 36.7% | 39.8% | 8 |
| 2010s | 37.1% | 33.9% | 39.6% | 10 |
| 2020s | 34.9% | 33.6% | 36.7% | 5 |
Countries ranked near Upper middle income
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 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 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Upper middle income?
- Taxes on goods and services in Upper middle income was 33.6% 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 Upper middle income?
- The highest recorded value was 39.8% in 2005.
- What is the lowest taxes on goods and services recorded in Upper middle income?
- The lowest recorded value was 33.6% in 2024.
- How does Upper middle income rank for taxes on goods and services?
- Upper middle income ranks 15th out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in Upper middle income?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is falling.
- Where does this Upper middle income 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.