Armenia: Tax revenue

* indicates monthly or quarterly data series

Tax revenue, percent of GDP

 Latest value 22.00
 Year 2021
 Measure percent
 Data availability 2004 - 2021
 Average 18.75
 Min - Max 14.00 - 22.29
 Source The World Bank
For that indicator, we provide data for Armenia from 2004 to 2021. The average value for Armenia during that period was 18.75 percent with a minimum of 14 percent in 2004 and a maximum of 22.29 percent in 2019. The latest value from 2021 is 22 percent. For comparison, the world average in 2021 based on 105 countries is 17.48 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Armenia - Tax revenue - Recent values chart

Historical chart
Armenia - Tax revenue - historical chart - 2004-2021

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 12.70 2022 percent
 Government spending, in dollars 3.41 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -2.23 2022 percent
 Government debt 49.20 2022 percent
 Government expenditure 396.66 Q3/2023 billion
 Tax revenue 22.00 2021 percent
 Commercial tax rate 22.60 2019 percent
 Tax preparation time 264 2019 hours
 Number of taxes 15 2019 taxes
 Taxes on goods and services 52.48 2021 percent
 Taxes on international trade 5.13 2021 percent
 Income and profits taxes 35.25 2021 percent
 Foreign aid 161.87 2021 million U.S. dollars
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