Taxes on goods and services in Bangladesh
Bangladesh: Taxes on goods and services was 4.9% in 2021. ▲ Rising
Taxes on goods and services in Bangladesh, 2001–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
Bangladesh recorded 4.9% for taxes on goods and services in 2021.
The figure is up 10.8% on the previous year and up 15.3% over ten years.
Over the whole period, taxes on goods and services in Bangladesh peaked at 5.3% in 2018 and was at its lowest, 3.1%, in 2001.
That places Bangladesh 130th out of 154 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on goods and services in Bangladesh, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2001 | 3.1% | — |
| 2002 | 3.2% | +3.0% |
| 2003 | 4.2% | +29.9% |
| 2004 | 3.5% | -16.9% |
| 2005 | 3.4% | -2.6% |
| 2006 | 3.4% | +0.2% |
| 2007 | 3.3% | -2.2% |
| 2008 | 3.5% | +6.3% |
| 2009 | 3.6% | +2.8% |
| 2010 | 3.8% | +6.3% |
| 2011 | 4.3% | +10.6% |
| 2012 | 4.3% | +0.1% |
| 2013 | 4.2% | -1.1% |
| 2014 | 4.0% | -5.2% |
| 2015 | 3.9% | -2.6% |
| 2016 | 3.4% | -13.0% |
| 2017 | 4.8% | +43.0% |
| 2018 | 5.3% | +8.9% |
| 2019 | 5.2% | -1.2% |
| 2020 | 4.4% | -14.9% |
| 2021 | 4.9% | +10.8% |
Bangladesh compared with similar countries
- Bangladesh's 4.9% is below the median for lower middle income countries, which is 8.7%, 57% of the median. (37 countries reporting)
- Bangladesh's 4.9% is below the median for South Asia, which is 6.3%, 78% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.5% | 3.1% | 4.2% | 9 |
| 2010s | 4.3% | 3.4% | 5.3% | 10 |
| 2020s | 4.7% | 4.4% | 4.9% | 2 |
Countries ranked near Bangladesh
More public sector data for Bangladesh
- Arms imports 75.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.4321 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 8.7 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 75.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 23.25 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.009 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.66 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 4.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 530.85 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Bangladesh?
- Taxes on goods and services in Bangladesh was 4.9% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Bangladesh?
- The highest recorded value was 5.3% in 2018.
- What is the lowest taxes on goods and services recorded in Bangladesh?
- The lowest recorded value was 3.1% in 2001.
- How does Bangladesh rank for taxes on goods and services?
- Bangladesh ranks 130th out of 154 countries with data for 2021.
- Is taxes on goods and services rising or falling in Bangladesh?
- Over the last ten years it is up 15.3%. The long-run trend across the full record is rising.
- Where does this Bangladesh 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.