Saudi Arabia—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #107 of 139
Latest Value
22.9%
2024
YoY Change
+5.9%
2023 → 2024
Global Rank
#107
of 139 countries
Maximum
26.0%
2021
Minimum
2.2%
2011
CAGR
+15.8%
15 years
Last
22.9%
Previous
21.7%
Highest
26.0%
Lowest
2.2%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 22.9% | +5.9% |
| 2023 | 21.7% | +9.2% |
| 2022 | 19.8% | -23.8% |
| 2021 | 26.0% | +24.6% |
| 2020 | 20.9% | +26.3% |
| 2019 | 16.5% | -28.6% |
| 2018 | 23.2% | +323.6% |
| 2017 | 5.5% | +14.0% |
| 2016 | 4.8% | -6.7% |
| 2015 | 5.1% | +73.3% |
| 2014 | 3.0% | +1.6% |
| 2013 | 2.9% | +32.3% |
| 2012 | 2.2% | +2.0% |
| 2011 | 2.2% | -26.7% |
| 2010 | 3.0% |
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 →