
Honduras: Taxes on goods and services
* indicates monthly or quarterly data series
Honduras |
Taxes on goods and services, percent of total revenue |
---|---|
Latest value | 48.93 |
Year | 2015 |
Measure | percent |
Data availability | 2003 - 2015 |
Average | 45.30 |
Min - Max | 42.50 - 48.93 |
Source | The World Bank |
The latest value from 2015 is 48.93 percent, an increase from 47.82 percent in 2014. In comparison, the world average is 37.62 percent, based on data from 142 countries. Historically, the average for Honduras from 2003 to 2015 is 45.3 percent. The minimum value, 42.5 percent, was reached in 2008 while the maximum of 48.93 percent was recorded in 2015.
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Definition: 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 extraction and production of minerals, and profits of fiscal monopolies.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 14.42 | 2023 | percent |
Government spending, in dollars | 4.96 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | -3.97 | 2023 | percent |
Government debt | 41.26 | 2023 | percent |
Tax revenue | 17.34 | 2015 | percent |
Commercial tax rate | 39.10 | 2019 | percent |
Tax preparation time | 203 | 2019 | hours |
Number of taxes | 59 | 2019 | taxes |
Taxes on goods and services | 48.93 | 2015 | percent |
Taxes on international trade | 3.40 | 2015 | percent |
Income and profits taxes | 23.98 | 2015 | percent |
Foreign aid | 785.44 | 2022 | million U.S. dollars |