Bosnia and Herzegovina: Tax revenue
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Bosnia and Herzegovina |
Tax revenue, percent of GDP |
---|---|
Latest value | 19.14 |
Year | 2022 |
Measure | percent |
Data availability | 2005 - 2022 |
Average | 19.92 |
Min - Max | 18.75 - 21.69 |
Source | The World Bank |
The latest value from 2022 is 19.14 percent, an increase from 19.12 percent in 2021. In comparison, the world average is 19.11 percent, based on data from 20 countries. Historically, the average for Bosnia and Herzegovina from 2005 to 2022 is 19.92 percent. The minimum value, 18.75 percent, was reached in 2020 while the maximum of 21.69 percent was recorded in 2006.
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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 | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 18.71 | 2022 | percent |
Government spending, in dollars | 5.39 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | 1.92 | 2019 | percent |
Government debt | 29.62 | 2022 | percent |
Government expenditure | 2.69 | Q1/2024 | billion |
Tax revenue | 19.14 | 2022 | percent |
Commercial tax rate | 23.70 | 2019 | percent |
Tax preparation time | 411 | 2019 | hours |
Number of taxes | 33 | 2019 | taxes |
Taxes on goods and services | 43.29 | 2022 | percent |
Taxes on international trade | 0.00 | 2022 | percent |
Income and profits taxes | 9.30 | 2022 | percent |
Foreign aid | 569.77 | 2021 | million U.S. dollars |