Kiribati: Taxes on goods and services
* indicates monthly or quarterly data series
| Kiribati |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 11.75 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2011 - 2023 |
| Average | 9.52 |
| Min - Max | 0.07 - 16.40 |
| Source | The World Bank |
The latest value from 2023 is 11.75 percent, a decline from 14.9 percent in 2022. In comparison, the world average is 32.78 percent, based on data from 88 countries. Historically, the average for Kiribati from 2011 to 2023 is 9.52 percent. The minimum value, 0.07 percent, was reached in 2011 while the maximum of 16.4 percent was recorded in 2016.
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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 | 61.71 | 2022 | percent |
| Government spending, in dollars | 0.17 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -22.00 | 2024 | percent |
| Primary budget balance | -21.86 | 2024 | percent |
| Tax revenue | 17.72 | 2023 | percent |
| Commercial tax rate | 32.70 | 2019 | percent |
| Tax preparation time | 168 | 2019 | hours |
| 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 |