Kiribati: Tax revenue
* indicates monthly or quarterly data series
| Kiribati |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 17.53 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2011 - 2023 |
| Average | 18.97 |
| Min - Max | 15.92 - 22.31 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2023 is 17.53 percent, a decline from 20.17 percent in 2022. In comparison, the world average is 17.51 percent, based on data from 110 countries. Historically, the average for Kiribati from 2011 to 2023 is 18.97 percent. The minimum value, 15.92 percent, was reached in 2014 while the maximum of 22.31 percent was recorded in 2019.
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* indicates monthly or quarterly data series
| Recent values | Kiribati: Tax revenue |
|---|---|
| 2023 | 17.53 |
| 2022 | 20.17 |
| 2021 | 21.83 |
| 2020 | 21.52 |
| 2019 | 22.31 |
| 2018 | 17.89 |
| 2017 | 18.45 |
| 2016 | 21.52 |
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 | 59.02 | 2024 | percent |
| Government spending, in dollars | 0.20 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -22.00 | 2024 | percent |
| Primary budget balance | -21.86 | 2024 | percent |
| Tax revenue | 17.53 | 2023 | percent |
| Taxes on goods and services | 11.75 | 2023 | percent |
| Taxes on international trade | 0.46 | 2023 | percent |
| Income and profits taxes | 7.42 | 2023 | percent |
| Foreign aid | 98.32 | 2023 | million U.S. dollars |
| Government debt | 9.92 | 2024 | percent |