India—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #60 of 139
Latest Value
32.6%
2022
YoY Change
-20.2%
2018 → 2022
Global Rank
#60
of 139 countries
Maximum
40.9%
2018
Minimum
21.7%
2010
CAGR
+0.5%
20 years
Last
32.6%
Previous
40.9%
Highest
40.9%
Lowest
21.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 32.6% | -20.2% |
| 2018 | 40.9% | +9.4% |
| 2017 | 37.3% | +13.4% |
| 2016 | 32.9% | +10.4% |
| 2015 | 29.8% | +16.7% |
| 2014 | 25.6% | -6.4% |
| 2013 | 27.3% | +5.0% |
| 2012 | 26.0% | +4.1% |
| 2011 | 25.0% | +15.3% |
| 2010 | 21.7% | -8.8% |
| 2009 | 23.8% | -9.5% |
| 2008 | 26.3% | +5.5% |
| 2007 | 24.9% | -12.6% |
| 2006 | 28.5% | -7.4% |
| 2005 | 30.8% | +3.5% |
| 2004 | 29.7% | -1.6% |
| 2003 | 30.2% | -0.5% |
| 2002 | 30.4% | +0.7% |
| 2001 | 30.2% | +4.2% |
| 2000 | 28.9% |
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 →