India: Taxes on international trade
* indicates monthly or quarterly data series
| India |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 4.51 |
| Year | 2018 |
| Measure | percent |
| Data availability | 1974 - 2018 |
| Average | 18.79 |
| Min - Max | 4.51 - 28.68 |
| Source | The World Bank |
The latest value from 2018 is 4.51 percent, a decline from 6.21 percent in 2017. In comparison, the world average is 7.88 percent, based on data from 113 countries. Historically, the average for India from 1974 to 2018 is 18.79 percent. The minimum value, 4.51 percent, was reached in 2018 while the maximum of 28.68 percent was recorded in 1987.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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What factors determine the exchange rates
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 10.50 | 2023 | percent |
| Government spending, in dollars | 370.69 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -8.32 | 2023 | percent |
| Government debt | 83.02 | 2023 | percent |
| Government expenditure | 7,769.20 | Q3/2024 | billion |
| Long-term interest rate | 7.01 | 7/2024 | percent |
| Tax revenue | 12.02 | 2018 | percent |
| Commercial tax rate | 49.70 | 2019 | percent |
| Tax preparation time | 252 | 2019 | hours |
| Number of taxes | 11 | 2019 | taxes |
| Taxes on goods and services | 40.87 | 2018 | percent |
| Taxes on international trade | 4.51 | 2018 | percent |
| Income and profits taxes | 45.65 | 2018 | percent |
| Foreign aid | 2,831.24 | 2022 | million U.S. dollars |