Taxes on goods and services in World
World: Taxes on goods and services was 31.0% in 2024. ▬ Flat
Taxes on goods and services in World, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
World recorded 31.0% for taxes on goods and services in 2024.
The figure is up 0.4% on the previous year and down 4.8% over ten years.
Over the whole period, taxes on goods and services in World peaked at 34.3% in 2016 and was at its lowest, 30.8%, in 2009.
World ranks 30th of 41 groups on this measure, in the middle of the range.
Taxes on goods and services in World, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 33.7% | — |
| 1999 | 34.1% | +1.1% |
| 2001 | 32.4% | -5.0% |
| 2002 | 32.3% | -0.2% |
| 2003 | 33.0% | +1.9% |
| 2004 | 34.0% | +3.3% |
| 2005 | 33.9% | -0.5% |
| 2006 | 33.1% | -2.3% |
| 2007 | 33.3% | +0.5% |
| 2008 | 31.8% | -4.4% |
| 2009 | 30.8% | -3.2% |
| 2010 | 31.5% | +2.2% |
| 2011 | 32.0% | +1.8% |
| 2012 | 32.8% | +2.4% |
| 2013 | 32.6% | -0.6% |
| 2014 | 32.6% | -0.1% |
| 2015 | 33.2% | +2.0% |
| 2016 | 34.3% | +3.1% |
| 2017 | 33.5% | -2.4% |
| 2018 | 33.3% | -0.5% |
| 2019 | 32.2% | -3.2% |
| 2020 | 32.4% | +0.6% |
| 2021 | 32.7% | +0.7% |
| 2022 | 31.7% | -3.0% |
| 2023 | 30.9% | -2.5% |
| 2024 | 31.0% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.9% | 33.7% | 34.1% | 2 |
| 2000s | 32.7% | 30.8% | 34.0% | 9 |
| 2010s | 32.8% | 31.5% | 34.3% | 10 |
| 2020s | 31.7% | 30.9% | 32.7% | 5 |
Countries ranked near World
- 27 Honduras 43.4% compare
- 28 Cameroon 43.3% compare
- 29 Bangladesh 43.2% compare
- 30 Bosnia and Herzegovina 42.7% compare
- 31 Burkina Faso 42.3% compare
- 32 Maldives 42.3% compare
- 33 Cambodia 42.2% compare
More public sector data for World
- Arms imports 28.82 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.54 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 -2.86 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 28.82 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 325.74 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0237 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.18 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.65 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 228.6 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in World?
- Taxes on goods and services in World was 31.0% 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 World?
- The highest recorded value was 34.3% in 2016.
- What is the lowest taxes on goods and services recorded in World?
- The lowest recorded value was 30.8% in 2009.
- How does World rank for taxes on goods and services?
- World ranks 30th out of 41 groups with data for 2024.
- Is taxes on goods and services rising or falling in World?
- Over the last ten years it is down 4.8%. The long-run trend across the full record is flat.
- Where does this World 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.