Malaysia—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #115 of 139
Latest Value
19.8%
2023
YoY Change
+1.3%
2022 → 2023
Global Rank
#115
of 139 countries
Maximum
29.0%
2016
Minimum
14.5%
2013
CAGR
-1.0%
24 years
Last
19.8%
Previous
19.5%
Highest
29.0%
Lowest
14.5%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 19.8% | +1.3% |
| 2022 | 19.5% | +1.0% |
| 2021 | 19.3% | -1.7% |
| 2020 | 19.7% | +8.0% |
| 2019 | 18.2% | -6.4% |
| 2018 | 19.5% | -32.1% |
| 2017 | 28.7% | -1.1% |
| 2016 | 29.0% | +27.2% |
| 2015 | 22.8% | +52.7% |
| 2014 | 14.9% | +2.7% |
| 2013 | 14.5% | -0.9% |
| 2012 | 14.6% | -4.8% |
| 2011 | 15.4% | -8.1% |
| 2010 | 16.7% | +6.8% |
| 2009 | 15.7% | -1.2% |
| 2008 | 15.9% | +5.5% |
| 2007 | 15.0% | -7.2% |
| 2006 | 16.2% | -20.2% |
| 2005 | 20.3% | +12.9% |
| 2004 | 18.0% | -0.9% |
| 2003 | 18.1% | -16.0% |
| 2002 | 21.6% | -3.7% |
| 2001 | 22.4% | -9.6% |
| 2000 | 24.8% |
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 →