United Kingdom: Tax revenue
* indicates monthly or quarterly data series
| United Kingdom |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 26.89 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1972 - 2024 |
| Average | 24.56 |
| Min - Max | 21.07 - 26.89 |
| Source | The World Bank |
The latest value from 2024 is 26.89 percent, an increase from 26.87 percent in 2023. In comparison, the world average is 18.04 percent, based on data from 88 countries. Historically, the average for the United Kingdom from 1972 to 2024 is 24.56 percent. The minimum value, 21.07 percent, was reached in 1973 while the maximum of 26.89 percent was recorded in 2024.
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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 |
|---|---|---|---|
| Government spending, percent of GDP | 20.24 | 2023 | percent |
| Government spending, in dollars | 849.56 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.75 | 2024 | percent |
| Primary budget balance | -3.79 | 2024 | percent |
| Government expenditure | 165.68 | Q1/2026 | billion |
| Long-term interest rate | 4.82 | 4/2026 | percent |
| Tax revenue | 26.89 | 2024 | percent |
| Commercial tax rate | 30.60 | 2019 | percent |
| Tax preparation time | 114 | 2019 | hours |
| Taxes on goods and services | 31.56 | 2023 | percent |
| Taxes on international trade | 0.59 | 2023 | percent |
| Income and profits taxes | 39.41 | 2023 | percent |
| Government debt | 101.23 | 2024 | percent |
| Government debt in foreign currency, percent | 0.70 | 2024 | percent |
| Government debt held by non-residents | 18.17 | 2024 | percent |
| Sovereign debt average maturity | 13.97 | 2024 | percent |
| Short-term government debt | 9.97 | 2024 | percent |