Somalia, Fed. Rep.—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #134 of 139
Latest Value
5.8%
2024
YoY Change
+245.3%
2023 → 2024
Global Rank
#134
of 139 countries
Maximum
25.3%
2018
Minimum
1.7%
2023
CAGR
-15.5%
8 years
Last
5.8%
Previous
1.7%
Highest
25.3%
Lowest
1.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 5.8% | +245.3% |
| 2023 | 1.7% | -63.3% |
| 2022 | 4.5% | -55.0% |
| 2021 | 10.1% | +58.2% |
| 2020 | 6.4% | -54.1% |
| 2019 | 13.9% | -45.2% |
| 2018 | 25.3% | +35.8% |
| 2017 | 18.6% |
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 →