Iraq—Taxes on Goods & Services (% of revenue)
Latest Value
0.4%
2019
YoY Change
+18.2%
2018 → 2019
Maximum
1.5%
2016
Minimum
0.3%
2014
CAGR
+6.7%
6 years
Last
0.4%
Previous
0.3%
Highest
1.5%
Lowest
0.3%
Unit
% of revenue
Source
World Bank World Development Indicators
Iraq's taxes on goods & services (% of revenue) was 0.4% in 2019. This represents a +18.2% change from 2018. Over the past 6 years, the highest recorded value was 1.5% (2016) and the lowest was 0.3% (2014). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 0.4% | +18.2% |
| 2018 | 0.3% | -23.0% |
| 2017 | 0.4% | -73.7% |
| 2016 | 1.5% | +165.7% |
| 2015 | 0.6% | +118.2% |
| 2014 | 0.3% |
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).
Unit
% of revenue