Taxes on goods and services in United Kingdom
United Kingdom: Taxes on goods and services was 313.51 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United Kingdom recorded 313.51 billion current LCU for taxes on goods and services in 2024. That is the highest value across all 53 years on record.
That represents a change of up 2.1% on the previous year and up 43.2% over ten years.
Over the whole period, taxes on goods and services in United Kingdom peaked at 313.51 billion current LCU in 2024 and was at its lowest, 5.99 billion current LCU, in 1972.
That places United Kingdom 57th 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 | 10.46 billion current LCU | 5.99 billion current LCU | 16.86 billion current LCU | 8 |
| 1980s | 38.91 billion current LCU | 23.29 billion current LCU | 54.66 billion current LCU | 10 |
| 1990s | 85.38 billion current LCU | 57.42 billion current LCU | 118.56 billion current LCU | 10 |
| 2000s | 146.61 billion current LCU | 124.27 billion current LCU | 168.11 billion current LCU | 10 |
| 2010s | 221.86 billion current LCU | 175.65 billion current LCU | 262.05 billion current LCU | 10 |
| 2020s | 282.78 billion current LCU | 235.56 billion current LCU | 313.51 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- Tax revenue 26.9% (2024)
- Taxes on income, profits and capital gains 40.6% (2024)
- Taxes on goods and services 31.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) -6.9% (2024)
- Interest payments 8.3% (2024)
- Grants and other revenue 5.6% (2024)
- Interest payments 7.8% (2023)
- Other taxes 4.9% (2024)
Frequently asked questions
- What is taxes on goods and services in United Kingdom?
- Taxes on goods and services in United Kingdom was 313.51 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 United Kingdom?
- The highest recorded value was 313.51 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in United Kingdom?
- The lowest recorded value was 5.99 billion current LCU in 1972.
- How does United Kingdom rank for taxes on goods and services?
- United Kingdom ranks 57th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in United Kingdom?
- Over the last ten years it is up 43.2%. The long-run trend across the full record is volatile.
- Where does this United Kingdom 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 — 53 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.