Taxes on goods and services in Honduras
Honduras: Taxes on goods and services was 11.7% in 2020. ▲ Rising
Taxes on goods and services in Honduras, 1972–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2020, taxes on goods and services in Honduras stood at 11.7%.
Compared with earlier readings it is up 13.6% over ten years.
Over the whole period, taxes on goods and services in Honduras peaked at 13.1% in 2015 and was at its lowest, 3.9%, in 1981.
That places Honduras 59th out of 154 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Taxes on goods and services in Honduras, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1972 | 5.2% | — |
| 1973 | 5.3% | +1.8% |
| 1974 | 4.8% | -8.3% |
| 1975 | 4.6% | -4.2% |
| 1976 | 4.8% | +5.0% |
| 1977 | 5.2% | +7.3% |
| 1978 | 4.1% | -20.9% |
| 1979 | 4.2% | +2.2% |
| 1980 | 4.0% | -5.0% |
| 1981 | 3.9% | -3.4% |
| 2003 | 11.3% | +192.2% |
| 2004 | 11.4% | +1.6% |
| 2005 | 11.2% | -2.1% |
| 2006 | 11.4% | +1.7% |
| 2007 | 11.8% | +4.0% |
| 2008 | 11.5% | -2.6% |
| 2009 | 10.1% | -12.3% |
| 2010 | 10.3% | +2.2% |
| 2011 | 10.6% | +2.8% |
| 2012 | 10.7% | +0.8% |
| 2013 | 10.6% | -1.2% |
| 2014 | 12.5% | +18.0% |
| 2015 | 13.1% | +4.8% |
| 2020 | 11.7% | -10.4% |
Honduras compared with similar countries
- Honduras's 11.7% is above the median for lower middle income countries, which is 8.7%, 1.4× the median. (37 countries reporting)
- Honduras's 11.7% is above the median for Latin America & Caribbean, which is 9.1%, 1.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Honduras changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +192.2% | 3.9% | 11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.8% | 4.1% | 5.3% | 8 |
| 1980s | 3.9% | 3.9% | 4.0% | 2 |
| 2000s | 11.3% | 10.1% | 11.8% | 7 |
| 2010s | 11.3% | 10.3% | 13.1% | 6 |
| 2020s | 11.7% | 11.7% | 11.7% | 1 |
Countries ranked near Honduras
More public sector data for Honduras
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.6466 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 -100 % change on previous year (2020)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 53.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0157 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.15 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 581.27 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.75 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is taxes on goods and services in Honduras?
- Taxes on goods and services in Honduras was 11.7% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Honduras?
- The highest recorded value was 13.1% in 2015.
- What is the lowest taxes on goods and services recorded in Honduras?
- The lowest recorded value was 3.9% in 1981.
- How does Honduras rank for taxes on goods and services?
- Honduras ranks 59th out of 154 countries with data for 2020.
- Is taxes on goods and services rising or falling in Honduras?
- Over the last ten years it is up 13.6%. The long-run trend across the full record is rising.
- Where does this Honduras 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.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.