Liberia: Taxes on goods and services
* indicates monthly or quarterly data series
| Liberia |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 12.36 |
| Year | 2013 |
| Measure | percent |
| Data availability | 2005 - 2013 |
| Average | 16.29 |
| Min - Max | 12.36 - 23.77 |
| Source | The World Bank |
The latest value from 2013 is 12.36 percent, a decline from 13.32 percent in 2012. In comparison, the world average is 36.96 percent, based on data from 133 countries. Historically, the average for Liberia from 2005 to 2013 is 16.29 percent. The minimum value, 12.36 percent, was reached in 2013 while the maximum of 23.77 percent was recorded in 2006.
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* indicates monthly or quarterly data series
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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 |
|---|---|---|---|
| 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 |