Taxes on goods and services in China
China: Taxes on goods and services was 5.69 trillion current LCU in 2024. ▲ Rising
Taxes on goods and services in China, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in China is 5.69 trillion current LCU, measured in 2024.
That represents a change of down 6.5% on the previous year and up 45.4% over ten years.
Over the whole period, taxes on goods and services in China peaked at 6.09 trillion current LCU in 2023 and was at its lowest, 1.31 trillion current LCU, in 2006.
China ranks 19th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.81 trillion current LCU | 1.31 trillion current LCU | 2.44 trillion current LCU | 5 |
| 2010s | 4.04 trillion current LCU | 2.93 trillion current LCU | 5.07 trillion current LCU | 10 |
| 2020s | 5.47 trillion current LCU | 4.91 trillion current LCU | 6.09 trillion current LCU | 5 |
Countries ranked near China
- 16 India 7.99 trillion current LCU compare
- 17 Mongolia 7.09 trillion current LCU compare
- 18 Kazakhstan 6.05 trillion current LCU compare
- 20 Turkey 4.95 trillion current LCU compare
- 21 Madagascar 4.74 trillion current LCU compare
- 22 Democratic Republic of Congo 4.54 trillion current LCU compare
More public sector data for China
- Arms imports 72.00 million SIPRI trend indicator values (2024)
- Tax revenue 7.0% (2024)
- Taxes on income, profits and capital gains 17.5% (2024)
- Taxes on goods and services 28.3% (2024)
- Interest payments 3.4% (2021)
- Grants and other revenue 9.2% (2024)
- Other taxes 0.0% (2024)
- Taxes on international trade 1.2% (2024)
- Military expenditure 1.7% (2024)
- Military expenditure 313.66 billion current USD (2024)
Frequently asked questions
- What is taxes on goods and services in China?
- Taxes on goods and services in China was 5.69 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in China?
- The highest recorded value was 6.09 trillion current LCU in 2023.
- What is the lowest taxes on goods and services recorded in China?
- The lowest recorded value was 1.31 trillion current LCU in 2006.
- How does China rank for taxes on goods and services?
- China ranks 19th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in China?
- Over the last ten years it is up 45.4%. The long-run trend across the full record is rising.
- Where does this China data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.