Andorra: Tax revenue
* indicates monthly or quarterly data series
| Andorra |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 15.57 |
| Year | 2024 |
| Measure | percent |
| Data availability | 2018 - 2024 |
| Average | 13.79 |
| Min - Max | 12.17 - 15.57 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 15.57 percent, an increase from 14.1 percent in 2023. In comparison, the world average is 18.04 percent, based on data from 88 countries. Historically, the average for Andorra from 2018 to 2024 is 13.79 percent. The minimum value, 12.17 percent, was reached in 2020 while the maximum of 15.57 percent was recorded in 2024.
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* indicates monthly or quarterly data series
| Recent values | Andorra: Tax revenue |
|---|---|
| 2024 | 15.57 |
| 2023 | 14.10 |
| 2022 | 13.62 |
| 2021 | 12.85 |
| 2020 | 12.17 |
| 2019 | 13.93 |
| 2018 | 14.30 |
Definition: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutionalunits to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | 2.86 | 2024 | percent |
| Tax revenue | 15.57 | 2024 | percent |
| Taxes on goods and services | 22.77 | 2024 | percent |
| Taxes on international trade | 10.13 | 2024 | percent |
| Income and profits taxes | 19.38 | 2024 | percent |
| Government debt | 33.23 | 2024 | percent |
| Sovereign debt average maturity | 6.35 | 2024 | percent |