Taxes on goods and services in China
China: Taxes on goods and services was 4.5% in 2024. ▼ Falling
Taxes on goods and services in China, 2005–2024
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 China stood at 4.5%. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 10.4% on the previous year and down 30.5% over ten years.
Over the whole period, taxes on goods and services in China peaked at 8.7% in 2005 and was at its lowest, 4.5%, in 2024.
That places China 133rd out of 154 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Taxes on goods and services in China, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2005 | 8.7% | — |
| 2006 | 6.6% | -24.3% |
| 2007 | 7.1% | +7.5% |
| 2008 | 7.2% | +2.3% |
| 2009 | 7.6% | +5.6% |
| 2010 | 7.7% | +1.2% |
| 2011 | 7.6% | -1.9% |
| 2012 | 7.4% | -2.3% |
| 2013 | 6.8% | -7.3% |
| 2014 | 6.5% | -4.7% |
| 2015 | 6.1% | -7.1% |
| 2016 | 5.8% | -4.5% |
| 2017 | 6.0% | +4.6% |
| 2018 | 5.7% | -5.9% |
| 2019 | 5.4% | -4.8% |
| 2020 | 5.1% | -5.3% |
| 2021 | 4.9% | -4.2% |
| 2022 | 4.6% | -6.0% |
| 2023 | 5.1% | +9.3% |
| 2024 | 4.5% | -10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.4% | 6.6% | 8.7% | 5 |
| 2010s | 6.5% | 5.4% | 7.7% | 10 |
| 2020s | 4.8% | 4.5% | 5.1% | 5 |
Countries ranked near China
More public sector data for China
- Arms imports 72.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.0511 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 -83.29 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 72.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 222.62 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0167 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 5.67 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 313.66 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 45.91 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in China?
- Taxes on goods and services in China was 4.5% 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 China?
- The highest recorded value was 8.7% in 2005.
- What is the lowest taxes on goods and services recorded in China?
- The lowest recorded value was 4.5% in 2024.
- How does China rank for taxes on goods and services?
- China ranks 133rd out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in China?
- Over the last ten years it is down 30.5%. The long-run trend across the full record is falling.
- Where does this China 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.