Togo: Tax revenue
* indicates monthly or quarterly data series
| Togo |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 13.92 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2004 - 2023 |
| Average | 11.97 |
| Min - Max | 9.12 - 13.92 |
| Source | The World Bank |
The latest value from 2023 is 13.92 percent, an increase from 13.4 percent in 2022. In comparison, the world average is 17.51 percent, based on data from 110 countries. Historically, the average for Togo from 2004 to 2023 is 11.97 percent. The minimum value, 9.12 percent, was reached in 2005 while the maximum of 13.92 percent was recorded in 2023.
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Definition: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutionalunits to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.55 | 2022 | percent |
| Government spending, in dollars | 1.30 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -7.43 | 2024 | percent |
| Primary budget balance | -4.47 | 2024 | percent |
| Tax revenue | 13.92 | 2023 | percent |
| Commercial tax rate | 48.20 | 2019 | percent |
| Tax preparation time | 159 | 2019 | hours |
| Taxes on goods and services | 41.43 | 2023 | percent |
| Taxes on international trade | 15.32 | 2023 | percent |
| Income and profits taxes | 18.01 | 2023 | percent |
| Foreign aid | 615.51 | 2023 | million U.S. dollars |
| Government debt | 72.08 | 2024 | percent |
| Short-term government debt | 3.36 | 2024 | percent |