China—Taxes on Goods & Services (% of revenue)
China's taxes on goods & services (% of revenue) was 31.2% in 2023, ranking #68 out of 139 countries. This represents a +6.6% change from 2022. Over the past 19 years, the highest recorded value was 77.7% (2005) and the lowest was 29.3% (2022). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 31.2% | +6.6% |
| 2022 | 29.3% | -6.2% |
| 2021 | 31.2% | -9.2% |
| 2020 | 34.4% | +7.7% |
| 2019 | 31.9% | -2.2% |
| 2018 | 32.6% | -9.2% |
| 2017 | 35.9% | +3.5% |
| 2016 | 34.7% | -1.6% |
| 2015 | 35.3% | -8.1% |
| 2014 | 38.4% | -33.7% |
| 2013 | 58.0% | -5.5% |
| 2012 | 61.3% | -1.3% |
| 2011 | 62.1% | -2.0% |
| 2010 | 63.4% | +5.4% |
| 2009 | 60.1% | +5.7% |
| 2008 | 56.9% | +50.7% |
| 2007 | 37.7% | -33.5% |
| 2006 | 56.8% | -26.9% |
| 2005 | 77.7% |
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).