Laos: Taxes on goods and services

The latest value from 2022 is 53.89 percent, an increase from 49.36 percent in 2021. In comparison, the world average is 31.65 percent, based on data from 116 countries. Historically, the average for Laos from 2008 to 2022 is 47.97 percent. The minimum value, 40.64 percent, was reached in 2012 while the maximum of 54.91 percent was recorded in 2016. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.