Taxes on international trade in Upper middle income
Upper middle income: Taxes on international trade was 2.9% in 2024. ▼ Falling
Taxes on international trade in Upper middle income, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Upper middle income is 2.9%, measured in 2024. That is the lowest value across all 28 years on record.
That represents a change of down 11.0% on the previous year and down 22.4% over ten years.
Over the whole period, taxes on international trade in Upper middle income peaked at 12.3% in 1996 and was at its lowest, 2.9%, in 2024.
Upper middle income ranks 28th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes on international trade in Upper middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1996 | 12.3% | — |
| 1997 | 9.2% | -25.0% |
| 1998 | 8.7% | -5.0% |
| 1999 | 7.7% | -12.3% |
| 2000 | 6.7% | -12.6% |
| 2002 | 7.3% | +8.6% |
| 2003 | 7.8% | +7.0% |
| 2004 | 7.3% | -6.5% |
| 2005 | 7.4% | +2.2% |
| 2006 | 6.0% | -19.7% |
| 2007 | 5.3% | -10.5% |
| 2008 | 5.1% | -3.8% |
| 2009 | 4.3% | -16.2% |
| 2010 | 4.4% | +2.3% |
| 2011 | 4.2% | -5.6% |
| 2012 | 4.4% | +5.0% |
| 2013 | 4.2% | -4.2% |
| 2014 | 3.8% | -9.6% |
| 2015 | 3.5% | -8.6% |
| 2016 | 3.3% | -3.9% |
| 2017 | 3.3% | -1.7% |
| 2018 | 3.2% | -1.1% |
| 2019 | 3.2% | +0.0% |
| 2020 | 3.0% | -7.3% |
| 2021 | 3.3% | +9.1% |
| 2022 | 3.1% | -6.0% |
| 2023 | 3.3% | +7.3% |
| 2024 | 2.9% | -11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.5% | 7.7% | 12.3% | 4 |
| 2000s | 6.4% | 4.3% | 7.8% | 9 |
| 2010s | 3.7% | 3.2% | 4.4% | 10 |
| 2020s | 3.1% | 2.9% | 3.3% | 5 |
Countries ranked near Upper middle income
- 25 Kazakhstan 13.2% compare
- 26 Fiji 13.0% compare
- 27 Lesotho 13.0% compare
- 28 Saint Kitts and Nevis 12.9% compare
- 29 Sri Lanka 12.8% compare
- 30 Seychelles 12.4% compare
- 31 Palau 12.3% compare
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on international trade in Upper middle income?
- Taxes on international trade in Upper middle income was 2.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Upper middle income?
- The highest recorded value was 12.3% in 1996.
- What is the lowest taxes on international trade recorded in Upper middle income?
- The lowest recorded value was 2.9% in 2024.
- How does Upper middle income rank for taxes on international trade?
- Upper middle income ranks 28th out of 41 groups with data for 2024.
- Is taxes on international trade rising or falling in Upper middle income?
- Over the last ten years it is down 22.4%. The long-run trend across the full record is falling.
- Where does this Upper middle income data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.