Taxes on goods and services in United States of America
United States of America: Taxes on goods and services was 0.4% in 2021. ▼ Falling
Taxes on goods and services in United States of America, 1997–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
United States of America recorded 0.4% for taxes on goods and services in 2021. That is the lowest value across all 25 years on record.
That represents a change of down 4.6% on the previous year and down 20.4% over ten years.
Over the whole period, taxes on goods and services in United States of America peaked at 0.8% in 1999 and was at its lowest, 0.4%, in 2021.
United States of America ranks 153rd of 154 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Taxes on goods and services in United States of America, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1997 | 0.7% | — |
| 1998 | 0.7% | -4.9% |
| 1999 | 0.8% | +14.7% |
| 2000 | 0.7% | -8.5% |
| 2001 | 0.6% | -6.9% |
| 2002 | 0.6% | +0.1% |
| 2003 | 0.6% | -1.8% |
| 2004 | 0.6% | -1.6% |
| 2005 | 0.6% | -3.7% |
| 2006 | 0.6% | -7.6% |
| 2007 | 0.5% | -13.5% |
| 2008 | 0.5% | -3.7% |
| 2009 | 0.5% | +7.2% |
| 2010 | 0.5% | -3.8% |
| 2011 | 0.5% | +8.9% |
| 2012 | 0.5% | +2.1% |
| 2013 | 0.6% | +6.7% |
| 2014 | 0.6% | +5.8% |
| 2015 | 0.6% | +0.5% |
| 2016 | 0.6% | -6.5% |
| 2017 | 0.5% | -10.6% |
| 2018 | 0.6% | +12.6% |
| 2019 | 0.5% | -15.4% |
| 2020 | 0.4% | -9.6% |
| 2021 | 0.4% | -4.6% |
United States of America compared with similar countries
- United States of America's 0.4% is below the median for high income countries, which is 11.7%, 4% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | 0.7% | 0.8% | 3 |
| 2000s | 0.6% | 0.5% | 0.7% | 10 |
| 2010s | 0.5% | 0.5% | 0.6% | 10 |
| 2020s | 0.4% | 0.4% | 0.4% | 2 |
Countries ranked near United States of America
- 150 Equatorial Guinea 1.1% compare
- 151 Iran, Islamic Republic of 0.9% compare
- 152 United Arab Emirates 0.7% compare
- 154 Iraq 0.1% compare
More public sector data for United States of America
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 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 52.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.21 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,933 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.034 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 997.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 86.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in United States of America?
- Taxes on goods and services in United States of America was 0.4% 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 United States of America?
- The highest recorded value was 0.8% in 1999.
- What is the lowest taxes on goods and services recorded in United States of America?
- The lowest recorded value was 0.4% in 2021.
- How does United States of America rank for taxes on goods and services?
- United States of America ranks 153rd out of 154 countries with data for 2021.
- Is taxes on goods and services rising or falling in United States of America?
- Over the last ten years it is down 20.4%. The long-run trend across the full record is falling.
- Where does this United States of America 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.