Philippines—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #102 of 139
Latest Value
24.2%
2023
YoY Change
-6.3%
2022 → 2023
Global Rank
#102
of 139 countries
Maximum
28.3%
2021
Minimum
21.4%
2008
CAGR
-0.6%
24 years
Last
24.2%
Previous
25.9%
Highest
28.3%
Lowest
21.4%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 24.2% | -6.3% |
| 2022 | 25.9% | -8.7% |
| 2021 | 28.3% | +4.4% |
| 2020 | 27.2% | -1.0% |
| 2019 | 27.4% | +0.6% |
| 2018 | 27.3% | +1.2% |
| 2017 | 27.0% | +3.5% |
| 2016 | 26.0% | +2.6% |
| 2015 | 25.4% | +0.3% |
| 2014 | 25.3% | -1.7% |
| 2013 | 25.7% | +7.6% |
| 2012 | 23.9% | +5.5% |
| 2011 | 22.7% | -7.0% |
| 2010 | 24.4% | -2.5% |
| 2009 | 25.0% | +16.7% |
| 2008 | 21.4% | -10.2% |
| 2007 | 23.8% | -4.9% |
| 2006 | 25.1% | +8.0% |
| 2005 | 23.2% | -4.8% |
| 2004 | 24.4% | -3.2% |
| 2003 | 25.2% | -3.0% |
| 2002 | 26.0% | -0.5% |
| 2001 | 26.1% | -5.5% |
| 2000 | 27.6% |
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 →