New Zealand: Taxes on goods and services
* indicates monthly or quarterly data series
| New Zealand |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 21.43 |
| Year | 2005 |
| Measure | percent |
| Data availability | 2001 - 2005 |
| Average | 22.51 |
| Min - Max | 21.43 - 23.23 |
| Source | The World Bank |
The latest value from 2005 is 21.43 percent, a decline from 22.59 percent in 2004. In comparison, the world average is 36.69 percent, based on data from 106 countries. Historically, the average for New Zealand from 2001 to 2005 is 22.51 percent. The minimum value, 21.43 percent, was reached in 2005 while the maximum of 23.23 percent was recorded in 2001.
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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 |
|---|---|---|---|
| Government spending, percent of GDP | 21.11 | 2022 | percent |
| Government spending, in dollars | 52.08 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.39 | 2023 | percent |
| Government debt | 34.30 | 2023 | percent |
| Government expenditure | 23.04 | Q3/2024 | billion |
| Long-term interest rate | 4.22 | 8/2024 | percent |
| Tax revenue | 30.51 | 2005 | percent |
| Commercial tax rate | 34.60 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 7 | 2019 | taxes |
| Taxes on goods and services | 21.43 | 2005 | percent |
| Taxes on international trade | 1.25 | 2005 | percent |
| Income and profits taxes | 43.00 | 2005 | percent |