Lao PDR—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #3 of 139
Latest Value
53.9%
2022
YoY Change
+9.2%
2021 → 2022
Global Rank
#3
of 139 countries
Maximum
54.9%
2016
Minimum
40.6%
2012
CAGR
+1.6%
15 years
Last
53.9%
Previous
49.4%
Highest
54.9%
Lowest
40.6%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 53.9% | +9.2% |
| 2021 | 49.4% | -7.8% |
| 2020 | 53.6% | +0.0% |
| 2019 | 53.5% | +2.9% |
| 2018 | 52.0% | -4.8% |
| 2017 | 54.7% | -0.5% |
| 2016 | 54.9% | +20.3% |
| 2015 | 45.6% | -0.1% |
| 2014 | 45.7% | +7.4% |
| 2013 | 42.6% | +4.7% |
| 2012 | 40.6% | -4.0% |
| 2011 | 42.3% | +0.9% |
| 2010 | 42.0% | -8.3% |
| 2009 | 45.8% | +6.6% |
| 2008 | 43.0% |
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 →