Taxes on Goods and Services (As % of Revenue) fell to 2.42% in USA in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | USA | May 17, 2019
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Taxes on goods and services as a share of revenue reached 2.42 % in 2017 in USA, according to the National Statistical Office. This is 15.3 % less than in the previous year.

Historically, taxes on goods and services as a share of revenue in USA reached an all time high of 7.14 % in 1972 and an all time low of 2.42 % in 2017. When compared to USA's main peers, taxes on goods and services as a share of revenue in Japan amounted to 36.1 % and 27.2 % in Mexico in 2017.

USA has been ranked 104th within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue, 16 places above the position seen 10 years ago.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 23.9% 22.5% 23.4% 23.8% 21.9%
Belize % 27.8% 34.4% 32.4% 34.7% 35.7%
Canada % 14.2% 14.0% 13.9% ... ... ... ...
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
Guatemala % 56.2% 56.7% 56.2% 55.1% 55.9% ...
Honduras % 40.7% 41.0% 39.6% 44.3% 47.7% ... ...
India % 21.7% 26.0% 27.3% ... ... ... ...
Japan % 35.9% 34.6% 32.7% 37.1% 37.6%
Mexico % 23.0% 23.0% 21.4% 25.4% 30.2%
Russia % 19.5% 20.9% 21.1% 21.6% 19.4%
South Korea % 26.4% 22.5% 21.7% 21.8% 21.2%
USA % 2.95% 2.99% 2.84% 2.98% 2.94%
United Kingdom % 33.3% 32.9% 33.0% 34.0% 33.7%