Armenia—Taxes on Goods & Services (% of revenue)
Armenia's taxes on goods & services (% of revenue) was 48.2% in 2024, ranking #7 out of 139 countries. This represents a -4.3% change from 2023. Over the past 21 years, the highest recorded value was 54.4% (2022) and the lowest was 30.2% (2006). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 48.2% | -4.3% |
| 2023 | 50.4% | -7.3% |
| 2022 | 54.4% | +3.7% |
| 2021 | 52.5% | +12.9% |
| 2020 | 46.5% | -2.9% |
| 2019 | 47.9% | +19.5% |
| 2018 | 40.1% | +4.2% |
| 2017 | 38.5% | +1.7% |
| 2016 | 37.8% | -4.2% |
| 2015 | 39.5% | -10.6% |
| 2014 | 44.2% | +5.9% |
| 2013 | 41.7% | -1.1% |
| 2012 | 42.2% | +6.7% |
| 2011 | 39.5% | -7.0% |
| 2010 | 42.5% | +4.8% |
| 2009 | 40.6% | -6.6% |
| 2008 | 43.4% | +5.8% |
| 2007 | 41.1% | +36.1% |
| 2006 | 30.2% | -6.5% |
| 2005 | 32.3% | +3.0% |
| 2004 | 31.3% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 76.2% | 2024 |
| 2 | Bahamas, The | 58.7% | 2024 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.9% | 2024 |
| 6 | Lebanon | 48.4% | 2024 |
| 7 | Armenia | 48.2% | 2024 |
| 8 | Dominican Republic | 47.9% | 2024 |
| 9 | Nicaragua | 47.5% | 2024 |
| 10 | Croatia | 47.1% | 2023 |
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).