Tax revenue in United States
United States: Tax revenue was 3.16 trillion current LCU in 2024. ◆ Volatile
Tax revenue in United States, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United States recorded 3.16 trillion current LCU for tax revenue in 2024.
The figure is up 6.9% on the previous year and up 64.4% over ten years.
Over the whole period, tax revenue in United States peaked at 3.29 trillion current LCU in 2022 and was at its lowest, 151.19 billion current LCU, in 1972.
That places United States 32nd out of 157 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 214.56 billion current LCU | 151.19 billion current LCU | 315.38 billion current LCU | 8 |
| 1980s | 454.69 billion current LCU | 346.83 billion current LCU | 608.30 billion current LCU | 10 |
| 1990s | 846.15 billion current LCU | 624.06 billion current LCU | 1.18 trillion current LCU | 10 |
| 2000s | 1.32 trillion current LCU | 1.08 trillion current LCU | 1.63 trillion current LCU | 10 |
| 2010s | 1.86 trillion current LCU | 1.29 trillion current LCU | 2.26 trillion current LCU | 10 |
| 2020s | 2.85 trillion current LCU | 2.17 trillion current LCU | 3.29 trillion current LCU | 5 |
Countries ranked near United States
More public sector data for United States
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Tax revenue 10.8% (2024)
- Taxes on income, profits and capital gains 56.3% (2024)
- Taxes on goods and services 2.1% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -7.2% (2024)
- Interest payments 20.3% (2024)
- Grants and other revenue 2.9% (2024)
- Interest payments 12.9% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is tax revenue in United States?
- Tax revenue in United States was 3.16 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in United States?
- The highest recorded value was 3.29 trillion current LCU in 2022.
- What is the lowest tax revenue recorded in United States?
- The lowest recorded value was 151.19 billion current LCU in 1972.
- How does United States rank for tax revenue?
- United States ranks 32nd out of 157 countries with data for 2024.
- Is tax revenue rising or falling in United States?
- Over the last ten years it is up 64.4%. The long-run trend across the full record is volatile.
- Where does this United States data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.