Taxes on goods and services in Armenia
Armenia: Taxes on goods and services was 13.9% in 2024. ▲ Rising
Taxes on goods and services in Armenia, 2012–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Armenia stood at 13.9%.
The figure is down 4.7% on the previous year and down 8.6% over ten years.
Over the whole period, taxes on goods and services in Armenia peaked at 15.9% in 2022 and was at its lowest, 11.5%, in 2017.
Armenia ranks 35th of 154 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on goods and services in Armenia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2012 | 13.3% | — |
| 2013 | 13.8% | +3.7% |
| 2014 | 15.2% | +10.4% |
| 2015 | 12.7% | -16.4% |
| 2016 | 11.8% | -7.1% |
| 2017 | 11.5% | -2.6% |
| 2018 | 11.8% | +2.4% |
| 2019 | 14.7% | +24.7% |
| 2020 | 14.5% | -0.8% |
| 2021 | 15.6% | +7.4% |
| 2022 | 15.9% | +1.7% |
| 2023 | 14.6% | -8.3% |
| 2024 | 13.9% | -4.7% |
Armenia compared with similar countries
- Armenia's 13.9% is above the median for upper middle income countries, which is 9.8%, 1.4× the median. (48 countries reporting)
- Armenia's 13.9% is above the median for Europe & Central Asia, which is 13.0%, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.1% | 11.5% | 15.2% | 8 |
| 2020s | 14.9% | 13.9% | 15.9% | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 6.92 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 200 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 21.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 467.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0546 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.92 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.42 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 248.23 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Armenia?
- Taxes on goods and services in Armenia was 13.9% 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 Armenia?
- The highest recorded value was 15.9% in 2022.
- What is the lowest taxes on goods and services recorded in Armenia?
- The lowest recorded value was 11.5% in 2017.
- How does Armenia rank for taxes on goods and services?
- Armenia ranks 35th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Armenia?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is rising.
- Where does this Armenia 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.