Taxes on Goods and Services (As % of Revenue) rose to 57.2% in Georgia in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Georgia | May 17, 2019
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Taxes on goods and services as a share of revenue reached 57.2 % in 2017 in Georgia, according to the National Statistical Office. This is 12.6 % more than in the previous year.

Historically, taxes on goods and services as a share of revenue in Georgia reached an all time high of 60.9 % in 2002 and an all time low of 42.8 % in 1998. When compared to Georgia's main peers, taxes on goods and services as a share of revenue in Armenia amounted to 38.5 %, 19.5 % in Azerbaijan, 22.3 % in Russia and 38.4 % in Turkey in 2017.

Georgia has been ranked 2nd within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue, 2 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
Armenia % 39.5% 42.2% 41.7% 44.2% 39.5%
Azerbaijan % 12.1% 13.6% 14.9% 17.6% 23.7%
Bulgaria % 45.6% 46.0% 45.1% 42.8% 43.6% ...
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
Georgia % 53.2% 52.4% 52.2% 55.3% 53.6%
Germany % 24.9% 24.4% 24.0% 23.6% 23.2%
Greece % 31.2% 30.2% 29.6% 31.4% 31.2%
Iran % ... ... ... ... ... ... ... ...
Iraq % ... ... ... ... ... 0.253% 0.553% ...
Japan % 35.9% 34.6% 32.7% 37.1% 37.6%
Russia % 19.5% 20.9% 21.1% 21.6% 19.4%
Turkey % 39.1% 37.0% 40.5% 37.7% 39.5%
USA % 2.95% 2.99% 2.84% 2.98% 2.94%