Taxes on goods and services in Spain
Spain: Taxes on goods and services was 126.53 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Spain, 1972–2024
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 Spain is 126.53 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 7.5% on the previous year and up 52.9% over ten years.
Over the whole period, taxes on goods and services in Spain peaked at 126.53 billion current LCU in 2024 and was at its lowest, 1.15 billion current LCU, in 1972.
That places Spain 72nd out of 157 countries with data for 2024, putting it in the middle of the range.
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 | 1.99 billion current LCU | 1.15 billion current LCU | 3.24 billion current LCU | 8 |
| 1980s | 10.57 billion current LCU | 3.49 billion current LCU | 19.90 billion current LCU | 10 |
| 1990s | 31.84 billion current LCU | 20.50 billion current LCU | 48.02 billion current LCU | 10 |
| 2000s | 62.99 billion current LCU | 51.08 billion current LCU | 77.39 billion current LCU | 10 |
| 2010s | 84.77 billion current LCU | 70.08 billion current LCU | 100.27 billion current LCU | 10 |
| 2020s | 109.81 billion current LCU | 89.28 billion current LCU | 126.53 billion current LCU | 5 |
Countries ranked near Spain
- 69 Ethiopia 177.01 billion current LCU compare
- 70 Morocco 164.26 billion current LCU compare
- 71 Egypt 140.56 billion current LCU compare
- 73 Mozambique 121.71 billion current LCU compare
- 74 Netherlands 116.90 billion current LCU compare
- 75 North Macedonia 115.06 billion current LCU compare
More public sector data for Spain
- Arms imports 148.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.9% (2024)
- Taxes on income, profits and capital gains 22.0% (2024)
- Taxes on goods and services 25.0% (2024)
- Net investment in nonfinancial assets 0.7% (2024)
- Net lending (+) / net borrowing (-) -3.2% (2024)
- Interest payments 6.5% (2024)
- Grants and other revenue 11.5% (2024)
- Interest payments 5.9% (2023)
- Other taxes 0.1% (2024)
Frequently asked questions
- What is taxes on goods and services in Spain?
- Taxes on goods and services in Spain was 126.53 billion 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 Spain?
- The highest recorded value was 126.53 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Spain?
- The lowest recorded value was 1.15 billion current LCU in 1972.
- How does Spain rank for taxes on goods and services?
- Spain ranks 72nd out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Spain?
- Over the last ten years it is up 52.9%. The long-run trend across the full record is volatile.
- Where does this Spain 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.
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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.