Armenia—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #6 of 139
Latest Value
48.2%
2024
YoY Change
-4.3%
2023 → 2024
Global Rank
#6
of 139 countries
Maximum
54.4%
2022
Minimum
30.2%
2006
CAGR
+2.2%
21 years
Last
48.2%
Previous
50.4%
Highest
54.4%
Lowest
30.2%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 48.2% | -4.3% |
| 2023 | 50.4% | -7.3% |
| 2022 | 54.4% | +3.7% |
| 2021 | 52.5% | +12.9% |
| 2020 | 46.5% | -2.9% |
| 2019 | 47.9% | +19.5% |
| 2018 | 40.1% | +4.2% |
| 2017 | 38.5% | +1.7% |
| 2016 | 37.8% | -4.2% |
| 2015 | 39.5% | -10.6% |
| 2014 | 44.2% | +5.9% |
| 2013 | 41.7% | -1.1% |
| 2012 | 42.2% | +6.7% |
| 2011 | 39.5% | -7.0% |
| 2010 | 42.5% | +4.8% |
| 2009 | 40.6% | -6.6% |
| 2008 | 43.4% | +5.8% |
| 2007 | 41.1% | +36.1% |
| 2006 | 30.2% | -6.5% |
| 2005 | 32.3% | +3.0% |
| 2004 | 31.3% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
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 revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →