Iraq: Tax revenue
* indicates monthly or quarterly data series
| Iraq |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 1.34 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2014 - 2019 |
| Average | 1.72 |
| Min - Max | 0.91 - 2.69 |
| Source | The World Bank |
The latest value from 2019 is 1.34 percent, a decline from 1.98 percent in 2018. In comparison, the world average is 16.67 percent, based on data from 135 countries. Historically, the average for Iraq from 2014 to 2019 is 1.72 percent. The minimum value, 0.91 percent, was reached in 2014 while the maximum of 2.69 percent was recorded in 2017.
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Recent data
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 |
|---|---|---|---|
| Government spending, percent of GDP | 18.22 | 2024 | percent |
| Government spending, in dollars | 62.03 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -4.14 | 2024 | percent |
| Primary budget balance | -3.54 | 2024 | percent |
| Tax revenue | 1.34 | 2019 | percent |
| Commercial tax rate | 30.80 | 2019 | percent |
| Tax preparation time | 312 | 2019 | hours |
| Taxes on goods and services | 0.35 | 2019 | percent |
| Taxes on international trade | 0.89 | 2019 | percent |
| Income and profits taxes | 1.99 | 2019 | percent |
| Foreign aid | 2,007.47 | 2023 | million U.S. dollars |
| Government debt | 46.46 | 2024 | percent |
| Short-term government debt | 0.21 | 2024 | percent |