Taxes on goods and services as a share of revenue fell 0.868% to 1.90% in the USA in 2023, according to the National Statistical Office.
Historically, taxes on goods and services as a share of revenue in the USA reached an all time high of 7.14% in 1972 and an all time low of 1.90% in 2023.
USA has been ranked 82nd within the group of 83 countries we follow in terms of taxes on goods and services as a share of revenue, 46 places above the position seen 10 years ago.
Taxes on Goods and Services (As % of Revenue) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Australia | % | 21.1% | 20.5% | 19.5% | 19.3% | 20.0% | ... | |||||||||||||||
Belize | % | 48.1% | ... | ... | ... | ... | ... | ... | ||||||||||||||
Canada | % | 13.9% | 13.5% | 13.7% | 13.3% | 13.4% | ||||||||||||||||
China | % | ... | ... | 35.9% | 32.6% | 31.9% | 34.4% | 31.2% | ||||||||||||||
Guatemala | % | 51.4% | 52.4% | 52.7% | 52.6% | 52.6% | ||||||||||||||||
Honduras | % | ... | ... | ... | ... | 43.4% | ... | ... | ... | |||||||||||||
India | % | 37.3% | 40.9% | ... | ... | ... | ... | |||||||||||||||
Japan | % | 36.1% | 35.3% | ... | ... | ... | ... | ... | ||||||||||||||
Mexico | % | ... | ... | ... | ... | ... | 27.2% | 29.1% | 30.3% | 32.6% | 31.5% | |||||||||||
Russia | % | 22.3% | 21.7% | 22.2% | 23.7% | 25.3% | ||||||||||||||||
South Korea | % | 21.7% | 21.1% | 19.9% | 19.6% | 18.7% | ||||||||||||||||
USA | % | 2.47% | 3.05% | 2.61% | 2.29% | 2.05% | ||||||||||||||||
United Kingdom | % | 34.7% | 34.7% | 34.9% | 33.2% | 32.7% |