Jamaica—Taxes on Goods & Services (% of revenue)
Jamaica's taxes on goods & services (% of revenue) was 45.8% in 2020, ranking #14 out of 139 countries. This represents a -5.0% change from 2019. Over the past 21 years, the highest recorded value was 49.3% (2017) and the lowest was 36.2% (2000). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2020 | 45.8% | -5.0% |
| 2019 | 48.2% | +0.9% |
| 2018 | 47.8% | -3.0% |
| 2017 | 49.3% | +1.2% |
| 2016 | 48.7% | +3.0% |
| 2015 | 47.3% | +2.5% |
| 2014 | 46.1% | +5.0% |
| 2013 | 43.9% | -2.5% |
| 2012 | 45.0% | +4.5% |
| 2011 | 43.1% | +1.8% |
| 2010 | 42.3% | +14.5% |
| 2009 | 37.0% | +1.0% |
| 2008 | 36.6% | -0.0% |
| 2007 | 36.6% | -6.5% |
| 2006 | 39.2% | +4.1% |
| 2005 | 37.6% | -0.8% |
| 2004 | 37.9% | -0.3% |
| 2003 | 38.0% | -0.6% |
| 2002 | 38.3% | +0.4% |
| 2001 | 38.1% | +5.3% |
| 2000 | 36.2% |
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).