Honduras—Taxes on Goods & Services (% of revenue)
Honduras's taxes on goods & services (% of revenue) was 43.4% in 2020, ranking #22 out of 139 countries. This represents a -9.0% change from 2015. Over the past 14 years, the highest recorded value was 47.7% (2015) and the lowest was 39.6% (2013). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2020 | 43.4% | -9.0% |
| 2015 | 47.7% | +7.7% |
| 2014 | 44.3% | +11.7% |
| 2013 | 39.6% | -3.4% |
| 2012 | 41.0% | +0.9% |
| 2011 | 40.7% | -0.0% |
| 2010 | 40.7% | +2.6% |
| 2009 | 39.6% | -0.4% |
| 2008 | 39.8% | -6.0% |
| 2007 | 42.3% | +0.2% |
| 2006 | 42.3% | -0.0% |
| 2005 | 42.3% | -3.5% |
| 2004 | 43.8% | -2.2% |
| 2003 | 44.8% |
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).