Liberia: Tax revenue
* indicates monthly or quarterly data series
| Liberia |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 12.46 |
| Year | 2013 |
| Measure | percent |
| Data availability | 2005 - 2013 |
| Average | 10.34 |
| Min - Max | 7.24 - 12.97 |
| Source | The World Bank |
The latest value from 2013 is 12.46 percent, a decline from 12.97 percent in 2012. In comparison, the world average is 16.29 percent, based on data from 134 countries. Historically, the average for Liberia from 2005 to 2013 is 10.34 percent. The minimum value, 7.24 percent, was reached in 2006 while the maximum of 12.97 percent was recorded in 2012.
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* indicates monthly or quarterly data series
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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -3.00 | 2023 | percent |
| Government debt | 58.81 | 2023 | percent |
| Tax revenue | 12.46 | 2013 | percent |
| Commercial tax rate | 46.20 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 33 | 2019 | taxes |
| Taxes on goods and services | 12.36 | 2013 | percent |
| Taxes on international trade | 30.01 | 2013 | percent |
| Income and profits taxes | 31.22 | 2013 | percent |
| Foreign aid | 484.75 | 2022 | million U.S. dollars |