List of sovereign states by tax revenue to GDP ratio

Last updated

Global map of tax revenues as share of GDP in 2022, according to UNU-WIDER Tax-revenues-as-a-share-of-gdp-unu-wider.png
Global map of tax revenues as share of GDP in 2022, according to UNU-WIDER

This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. The tax percentage for each country listed in the source has been added to the chart.

According to World Bank, "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. [2] 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." [3]

UNU-WIDER data is more complex, total taxes consists of taxes, social contributions, grants receivable, and other revenue. Sources are IMF Country Reports [4] and OECD Revenue Statistics. [5] Data are in current national currency.

Tax revenue and total taxes
Country/Territory/Region/Group World Bank [6] [7] UNU-WIDER [8]
GDPTax revenueYearGDPTotal taxesYear
billion USD,
current prices		 % of GDPbillion USD,
current prices		billion NC [lower-alpha 1] ,
current prices		 % of GDPbillion NC [lower-alpha 1] ,
current prices
Flag of the United Nations.svg WORLD101225.0614.68%14859.082022
Flag of Aruba.svg  Aruba 6.2518.81%1.182022
Flag of the Taliban.svg  Afghanistan 18.759.90%1.8620171547.296.76%104.602020
Flag of Angola.svg  Angola 70.9010.09%7.15201956144.4121.75%12212.002022
Flag of Anguilla.svg  Anguilla 0.8818.18%0.162016
Flag of Albania.svg  Albania 17.9318.20%3.2620212073.9720.18%418.602022
Flag of the United Arab Emirates.svg  United Arab Emirates 507.060.57%2.9120221863.9217.83%332.402022
Flag of Argentina.svg  Argentina 631.1311.15%70.38202246282.0723.90%11061.532021
Flag of Armenia.svg  Armenia 19.5121.83%4.2620224266.4617.96%766.272012
Flag of Antigua and Barbuda.svg  Antigua and Barbuda 3.9716.78%0.672021
Flag of Australia (converted).svg  Australia 1692.9623.60%399.5220221970.8029.97%590.732020
Flag of Austria.svg  Austria 470.9426.24%123.562022406.1527.91%113.352021
Flag of Azerbaijan.svg  Azerbaijan 54.8313.42%7.36202192.8613.47%12.512021
Flag of Burundi.svg  Burundi 2.7815.64%0.4320217921.6916.24%1286.702022
Flag of Belgium (civil).svg  Belgium 583.6123.09%134.762022502.3129.53%148.352021
Flag of Benin.svg  Benin —10.79%—197910838.1912.19%1320.702022
Flag of Burkina Faso.svg  Burkina Faso 18.8217.67%3.33202210945.1615.91%1740.982021
Flag of Bangladesh.svg  Bangladesh 416.277.64%31.81202139717.167.77%3085.002022
Flag of Bulgaria.svg  Bulgaria 90.3521.80%19.692022120.5521.16%25.502020
Flag of Bahrain.svg  Bahrain 34.622.92%1.01202013.022.92%0.382020
Flag of the Bahamas.svg  Bahamas 13.1416.43%2.16202211.2114.38%1.612021
Flag of Bosnia and Herzegovina.svg  Bosnia and Herzegovina 24.5319.09%4.68202239.1121.70%8.492021
Flag of Belarus.svg  Belarus 73.7811.23%8.292022149721.0021.87%32746.472020
Flag of Belize.svg  Belize 2.2721.34%0.4820175.9020.54%1.212022
Flag of Bolivia.svg  Bolivia —16.96%—2007
Flag of Brazil.svg  Brazil 1951.9214.73%287.4420228898.7324.83%2209.552021
Flag of Barbados.svg  Barbados 4.8527.39%1.33201611.3329.42%3.332022
Flag of Brunei.svg  Brunei 22.9412.06%2.772022
Flag of Bhutan.svg  Bhutan 2.4612.28%0.302020175.4312.75%22.372020
Flag of Botswana.svg  Botswana 20.3219.65%3.992022235.4221.45%50.502022
Flag of the Central African Republic.svg  Central African Republic 2.528.21%0.2120211281.568.17%104.732012
Flag of Canada (Pantone).svg  Canada 2161.4812.83%277.2320222509.6228.30%710.302021
Flag of Switzerland (Pantone).svg  Switzerland 818.439.10%74.482022730.8121.60%157.882021
Flag of Chile.svg  Chile 302.1221.27%64.272022240400.0019.60%47108.442021
Flag of the People's Republic of China.svg  China 17881.787.70%1377.052022114500.0016.29%18656.912021
Flag of Cote d'Ivoire.svg  Ivory Coast 70.1711.94%8.38202243681.4812.86%5617.002022
Flag of Cameroon.svg  Cameroon 44.9911.35%5.11202123243.6612.85%2986.232019
Flag of the Democratic Republic of the Congo.svg  Democratic Republic of the Congo 65.8011.41%7.512022126300.0011.99%15147.002022
Flag of the Republic of the Congo.svg  Republic of the Congo 14.836.51%0.9720217798.688.73%681.002022
Flag of Colombia.svg  Colombia 345.3315.28%52.762022181200.0014.18%25694.211999
Flag of the Comoros.svg  Comoros 575.697.71%44.362022
Flag of Cape Verde.svg  Cape Verde 1.8218.39%0.332020180.7417.79%32.152020
Flag of Costa Rica.svg  Costa Rica 69.2414.35%9.94202240112.9314.00%5616.992021
Flag of Cuba.svg  Cuba 545.2213.27%72.372021
Flag of Cyprus.svg  Cyprus 29.2524.71%7.23202224.0224.11%5.792021
Flag of the Czech Republic.svg  Czech Republic 290.5713.13%38.1620226108.7217.39%1062.412021
Flag of Germany.svg  Germany 4082.4711.23%458.4520223601.7524.63%887.242021
Flag of Djibouti.svg  Djibouti 565.3411.34%64.102020
Flag of Dominica.svg  Dominica 1.6521.90%0.362022
Flag of Denmark.svg  Denmark 400.1730.56%122.2820222504.1847.18%1181.432021
Flag of the Dominican Republic.svg  Dominican Republic 113.5413.82%15.6920226185.2313.97%864.002022
Flag of Ecuador.svg  Ecuador 116.5913.04%15.202022106.1713.88%14.742021
Flag of Egypt.svg  Egypt 329.3712.52%41.2320156152.6012.02%739.632020
Flag of Eritrea.svg  Eritrea 7.8819.53%1.542002
Flag of Spain.svg  Spain 1417.8015.82%224.2420221206.8424.66%297.592021
Flag of Estonia.svg  Estonia 37.9221.01%7.97202231.4521.91%6.892021
Flag of Ethiopia.svg  Ethiopia 126.774.51%5.7120222690.759.98%268.462019
Flag of Finland.svg  Finland 281.8921.08%59.412022250.5931.14%78.032021
Flag of Fiji.svg  Fiji 4.3115.87%0.68202110.6518.81%2.002022
Flag of France.svg  France 2779.0924.62%684.2220222498.8230.50%762.222021
Flag of the Federated States of Micronesia.svg  Federated States of Micronesia 0.377.05%0.0320200.4111.26%0.052021
Flag of Gabon.svg  Gabon 20.229.13%1.852021
Flag of the United Kingdom.svg  United Kingdom 3088.8427.30%843.3520222270.2527.36%621.102021
Flag of Georgia.svg  Georgia 24.9822.90%5.72202260.0022.58%13.552021
Flag of Ghana.svg  Ghana 74.2612.30%9.132022615.2613.09%80.532022
Flag of Guinea.svg  Guinea —7.44%—1992178000.0011.41%20316.002022
Flag of The Gambia.svg  Gambia —18.20%—1990120.949.23%11.162022
Flag of Guinea-Bissau.svg  Guinea-Bissau 1.499.16%0.1420191061.069.40%99.702022
Flag of Equatorial Guinea.svg  Equatorial Guinea 13.496.69%0.90202210209.834.99%509.002022
Flag of Greece.svg  Greece 217.5827.81%60.502022181.6826.35%47.872021
Flag of Grenada.svg  Grenada 3.2222.19%0.712022
Flag of Guatemala.svg  Guatemala 95.0011.90%11.302022672.9011.49%77.292021
Flag of Guyana.svg  Guyana 1078.7320.99%226.442019
Flag of Hong Kong.svg  Hong Kong 2675.7914.05%375.902020
Flag of Honduras.svg  Honduras 23.3515.07%3.522020684.2015.78%107.952021
Flag of Croatia.svg  Croatia 72.0021.41%15.41202258.2124.55%14.292021
Flag of Haiti.svg  Haiti 2168.225.07%109.872022
Flag of Hungary.svg  Hungary 177.0123.43%41.47202255125.5623.94%13194.782021
Flag of Indonesia.svg  Indonesia 1319.0811.60%153.08202219590000.0010.39%2035000.002022
Flag of India.svg  India 2702.9312.02%324.822018272300.0017.05%46429.042022
Flag of Ireland.svg  Ireland 533.1417.27%92.082022426.2817.86%76.162021
Flag of Iran.svg  Iran —7.36%—200912250000.005.79%709652.002014
Flag of Iraq.svg  Iraq 233.641.34%3.142019130600.001.38%1800.002009
Flag of Iceland.svg  Iceland 28.7022.52%6.4620223244.9032.12%1042.362021
Flag of Israel.svg  Israel 525.0025.01%131.3120221578.0427.18%428.982021
Flag of Italy.svg  Italy 2066.9724.92%515.1620221787.6829.58%528.772021
Flag of Jamaica.svg  Jamaica 13.8125.71%3.5520202475.6227.55%682.062022
Flag of Jordan.svg  Jordan 48.6517.51%8.52202234.6217.47%6.052022
Flag of Japan.svg  Japan —11.38%—1993549400.0020.00%109882.702021
Flag of Kazakhstan.svg  Kazakhstan 197.119.45%18.622021103900.0019.82%20590.002022
Flag of Kenya.svg  Kenya 109.7013.26%14.55202113671.1414.52%1985.102022
Flag of Kyrgyzstan.svg  Kyrgyzstan 12.1319.54%2.372022919.4524.48%225.082022
Flag of Cambodia.svg  Cambodia 26.9616.36%4.412021110500.0016.37%18084.222021
Flag of Kiribati.svg  Kiribati 0.2720.22%0.0520220.3027.38%0.082021
Flag of Saint Kitts and Nevis.svg  Saint Kitts and Nevis 0.8815.04%0.1320202.3915.03%0.362020
Flag of South Korea.svg  South Korea 1673.9218.44%308.7520222072000.0022.05%456875.002021
Flag of Kosovo.svg Kosovo 8.9224.86%2.222022
Flag of Kuwait.svg  Kuwait —1.49%—199832.452.16%0.702020
Flag of Laos.svg  Laos 15.4712.11%1.872022217400.0010.62%23082.002022
Flag of Lebanon.svg  Lebanon 23.135.68%1.322021271915.975.68%15457.872021
Flag of Liberia 23px.svg  Liberia —12.46%—20133.9712.41%0.492022
Flag of Libya.svg  Libya 116.761.03%1.202012
Flag of Saint Lucia.svg  Saint Lucia 2.0018.23%0.3620175.6319.10%1.072022
Flag of Liechtenstein.svg  Liechtenstein 6.0121.14%1.272020
Flag of Sri Lanka.svg  Sri Lanka 74.147.28%5.40202223688.227.39%1751.002022
Flag of Lesotho.svg  Lesotho 2.2931.31%0.72202241.8933.15%13.892022
Flag of Lithuania.svg  Lithuania 71.0121.10%14.99202256.1822.12%12.432021
Flag of Luxembourg.svg  Luxembourg 81.6425.97%21.20202272.3028.01%20.252021
Flag of Latvia.svg  Latvia 40.4222.79%9.21202233.5920.83%7.002021
Flag of Macau.svg  Macau 24.4617.07%4.182022241.1619.42%46.832021
Flag of Morocco.svg  Morocco 130.9122.12%28.9520221385.2421.24%294.202022
Flag of Moldova.svg  Moldova 14.5118.94%2.752022272.9221.09%57.552022
Flag of Madagascar.svg  Madagascar 15.309.25%1.42202262395.119.23%5762.002022
Flag of Maldives.svg  Maldives 5.2519.45%1.02202183.0018.92%15.712021
Flag of Mexico.svg  Mexico 1463.3213.44%196.63202225803.5113.87%3579.472021
Flag of the Marshall Islands.svg  Marshall Islands 0.2417.23%0.0420200.2417.00%0.042020
Flag of North Macedonia.svg  North Macedonia 14.0017.39%2.442021720.4117.45%125.702021
Flag of Mali.svg  Mali 17.4714.16%2.47202011856.2113.42%1591.002022
Flag of Malta.svg  Malta 18.3623.37%4.29202215.0024.23%3.642021
Flag of Myanmar.svg  Myanmar 75.076.02%4.522019105300.006.44%6777.882019
Flag of Montenegro.svg  Montenegro 4.9626.66%1.322021
Flag of Mongolia.svg  Mongolia 15.2916.91%2.58202143555.4923.19%10101.002021
Flag of Mozambique.svg  Mozambique 18.4123.25%4.2820221145.4621.33%244.302022
Flag of Mauritania.svg  Mauritania 3809.4612.52%477.002022
Flag of Mauritius.svg  Mauritius 12.9319.05%2.462022564.3117.85%100.742022
Flag of Malawi.svg  Malawi 13.1312.78%1.68202211778.008.31%978.302022
Flag of Malaysia 23px.svg  Malaysia 407.0311.65%47.4420221788.1811.68%208.802022
Flag of Namibia.svg  Namibia 12.5727.17%3.412022202.0026.70%53.932022
Flag of Niger.svg  Niger —11.76%—19809474.529.55%905.002022
Flag of Nigeria.svg  Nigeria 32995.387.17%2366.002007
Flag of Nicaragua.svg  Nicaragua 15.6519.84%3.112022492.8520.61%101.602021
Flag of the Netherlands.svg  Netherlands 1009.4024.11%243.382022856.3626.57%227.532021
Flag of Norway.svg  Norway 593.7331.27%185.6820224211.6232.03%1349.032021
Flag of Nepal.svg  Nepal 36.9217.49%6.4620214851.6320.65%1002.002022
Flag of Nauru.svg  Nauru 0.1244.35%0.0620200.2044.31%0.092021
Flag of New Zealand.svg  New Zealand 246.7329.93%73.862022352.3734.47%121.452021
Flag of Oman.svg  Oman 44.093.49%1.542022
Flag of Pakistan.svg  Pakistan —7.50%—200055795.5211.31%6312.982021
Flag of Panama.svg  Panama 67.417.46%5.03202171.977.65%5.512022
Flag of Peru.svg  Peru 226.3515.92%36.042021876.6815.68%137.472021
Flag of the Philippines.svg  Philippines 404.3514.62%59.11202219410.5714.13%2742.722021
Flag of Palau.svg  Palau 0.2617.93%0.0520200.2618.15%0.052020
Flag of Papua New Guinea.svg  Papua New Guinea 31.6014.79%4.672022110.0912.56%13.832022
Flag of Poland.svg  Poland 689.7617.27%119.1120222623.9523.74%622.892021
Flag of Portugal.svg  Portugal 255.2023.05%58.822022214.7424.78%53.212021
Flag of Paraguay.svg  Paraguay 41.9510.27%4.312022270600.009.76%26409.262021
Flag of Palestine.svg  Palestine 18.1121.47%3.89202158.506.65%3.892021
Flag of Qatar.svg  Qatar 409.944.43%18.172008
Flag of Romania.svg  Romania 298.8916.02%47.8820221187.4015.83%187.952021
Flag of Russia.svg  Russia 2266.0310.97%248.592022107700.0023.07%24845.762020
Flag of Rwanda.svg  Rwanda 10.1715.07%1.53202013091.3414.34%1877.002022
Flag of Saudi Arabia.svg  Saudi Arabia 1108.577.77%86.1620223174.694.41%140.002018
Flag of Sudan.svg  Sudan 42.637.39%3.1520165173.853.05%157.802020
Flag of Senegal.svg  Senegal 27.6218.70%5.17202217092.7118.50%3163.002022
Flag of Singapore.svg  Singapore 498.4712.03%59.982022643.5511.45%73.702022
Flag of the Solomon Islands.svg  Solomon Islands 1.5720.67%0.32202213.0220.64%2.692022
Flag of Sierra Leone.svg  Sierra Leone 55331.9510.70%5921.002022
Flag of El Salvador.svg  El Salvador 29.0419.69%5.72202128.7419.90%5.722021
Flag of San Marino.svg  San Marino 1.8617.30%0.3220211.6017.04%0.272022
Flag of Somalia.svg  Somalia 9.200.00%0.0020208.162.23%0.182022
Flag of Serbia.svg  Serbia 63.5625.11%15.9620226270.1025.70%1611.632021
Flag of Sao Tome and Principe.svg  São Tomé and Príncipe 12.8311.55%1.482022
Flag of Suriname.svg  Suriname 86.7719.19%16.652022
Flag of Slovakia.svg  Slovakia 115.5819.50%22.54202298.5219.79%19.502021
Flag of Slovenia.svg  Slovenia 60.0618.14%10.89202252.2121.03%10.982021
Flag of Sweden.svg  Sweden 590.4127.11%160.0820225462.0433.50%1829.722021
Flag of Eswatini.svg  Eswatini 4.8524.13%1.17202173.0124.71%18.042022
Flag of Seychelles.svg  Seychelles 1.3826.18%0.36202027.3427.03%7.392022
Flag of Syria.svg  Syria 2448.0610.54%258.002008
Flag of Chad.svg  Chad 6130.697.87%482.782018
Flag of Togo (3-2).svg  Togo 8.1714.19%1.1620224230.5113.16%556.532019
Flag of Thailand.svg  Thailand 495.6514.38%71.28202216166.6015.57%2517.072021
Flag of Tajikistan.svg  Tajikistan 10.7110.34%1.112022115.7419.54%22.622022
Flag of Turkmenistan.svg  Turkmenistan 83.6011.02%9.212008
Flag of East Timor.svg  Timor-Leste 3.2021.67%0.6920221.658.71%0.142016
Flag of Tonga.svg  Tonga 0.4821.30%0.1020201.1418.48%0.212022
Flag of Trinidad and Tobago.svg  Trinidad and Tobago 23.7816.55%3.932019188.4320.26%38.172022
Flag of Tunisia.svg  Tunisia —20.12%—2012119.6322.44%26.852020
Flag of Turkey.svg  Turkey 907.1216.09%145.9720227248.7918.19%1318.462021
Flag of Tuvalu.svg  Tuvalu 0.0914.02%0.012022
Flag of Tanzania.svg  Tanzania 79.1611.47%9.082023178400.0011.21%20000.002022
Flag of Uganda.svg  Uganda 45.5712.55%5.722022173100.0011.80%20425.002022
Flag of Ukraine.svg  Ukraine 161.9916.69%27.0420225459.5724.88%1358.572021
Flag of Uruguay.svg  Uruguay 53.6718.51%9.9420202583.5520.11%519.432021
Flag of the United States (23px).png  United States 25744.1112.18%3135.09202223315.0819.96%4654.532021
Flag of Uzbekistan.svg  Uzbekistan 60.2214.79%8.902020738400.0018.72%138258.002021
Flag of Saint Vincent and the Grenadines.svg  Saint Vincent and the Grenadines 0.8423.80%0.2020172.3626.67%0.632021
Flag of Venezuela.svg  Venezuela 6025.3320.19%1216.392015
Flag of Vietnam.svg  Vietnam 8480000.0013.92%1180000.002021
Flag of Vanuatu.svg  Vanuatu 0.9515.88%0.152021106.3510.85%11.542021
Flag of Samoa.svg  Samoa 0.8425.02%0.2120212.1725.36%0.552022
Flag of Yemen.svg  Yemen 7586.557.04%534.002012
Flag of South Africa.svg  South Africa 405.2726.11%105.8220226192.5027.48%1701.832021
Flag of Zambia.svg  Zambia 22.1016.78%3.712021483.4116.44%79.492022
Flag of Zimbabwe.svg  Zimbabwe 34.167.21%2.4620183185.6214.89%474.262021
SIDS (Small Island Developing States) ——
SIDS: Pacific9.4918.02%1.712021
LDCs (Least developed countries) 1150.5010.56%121.512019
Low & middle income economies (WB)36438.6410.70%3899.252022
Low-income economies (WB)383.7410.14%38.922016
Middle-income economies (WB)35907.8710.70%3841.912022
Lower middle income economies (WB)5979.7412.32%736.722018
Upper middle income economies (WB)28567.5910.52%3006.382022
High-income economies (WB)64444.4516.39%10559.252022
European Union 16761.5019.94%3341.612022
OECD (Organisation for Economic Co-operation and Development)60170.0916.79%10103.232022
  1. 1 2 Values expressed in billions of national currency units

Notes:
WB: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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.
UN-WIDER: Total taxes consists of taxes, social contributions, grants receivable, and other revenue. Data are in current national currency.

Related Research Articles

<span class="mw-page-title-main">Economy of Cameroon</span>

The economy of Cameroon was one of the most prosperous in Africa for a quarter of a century after independence. The drop in commodity prices for its principal exports – petroleum, cocoa, coffee, and cotton – in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per capita GDP fell by more than 60% from 1986 to 1994. The current account and fiscal deficits widened, and foreign debt grew. Yet because of its oil reserves and favorable agricultural conditions, Cameroon still has one of the best-endowed primary commodity economies in sub-Saharan Africa.

<span class="mw-page-title-main">Economy of Latvia</span>

The economy of Latvia is an open economy in Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. Latvia is ranked the 14th in the world by the Ease of Doing Business Index prepared by the World Bank Group. According to the Human Development Report 2023/24 by the United Nations Development Programme, has a HDI score of a 0.879. Due to its geographical location, transit services are highly developed, along with timber and wood processing, agriculture and food products, and manufacturing of machinery and electronic devices.

<span class="mw-page-title-main">Economy of Nauru</span>

The economy of Nauru is tiny, based on a population in 2019 of only 11,550 people. The economy has historically been based on phosphate mining. With primary phosphate reserves exhausted by the end of the 2010s, Nauru has sought to diversify its sources of income. In 2020, Nauru's main sources of income were the sale of fishing rights in Nauru's territorial waters, and revenue from the Regional Processing Centre.

<span class="mw-page-title-main">Economy of Panama</span>

The economy of Panama is based mainly on the tourism and services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Services include banking, commerce, insurance, container ports, and flagship registry, medical and health and tourism. Historically, the Panama Canal was the key source of Panama's income, but its importance has been displaced by the services sector.

<span class="mw-page-title-main">Economy of the Republic of the Congo</span>

The economy of the Republic of the Congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services. Government spending is characterized by budget problems and overstaffing. Petroleum has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Nowadays the Republic of the Congo is increasingly converting natural gas to electricity rather than burning it, greatly improving energy prospects.

<span class="mw-page-title-main">Economy of Saint Lucia</span>

Once a single-crop agricultural economy, Saint Lucia has shifted to a tourism and banking serviced-based economy. Tourism, the island's biggest industry and main source of jobs, income and foreign exchange, accounts for 65% of its GDP. Agriculture, which was once the biggest industry, now contributes to less than 3% of GDP, but still accounts for 20% of jobs. The banana industry is now on a decline due to strong competition from low-cost Latin American producers and reduced European trade preferences, but the government has helped revitalize the industry, with 13,734 tonnes exported in 2018. Agricultural crops grown for export are bananas, mangoes, and avocados. The island is considered to have the most diverse and well-developed manufacturing industry in the eastern Caribbean.

<span class="mw-page-title-main">Economy of Senegal</span>

The economy of Senegal is driven by mining, construction, tourism, fishing and agriculture, which are the main sources of employment in rural areas, despite abundant natural resources in iron, zircon, gas, gold, phosphates, and numerous oil discoveries recently. Senegal's economy gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services. As one of the dominant parts of the economy, the agricultural sector of Senegal is highly vulnerable to environmental conditions, such as variations in rainfall and climate change, and changes in world commodity prices.

<span class="mw-page-title-main">Economy of Sierra Leone</span>

The economy of Sierra Leone is $4.558 billion by gross domestic product as of 2024. Since the end of the Sierra Leone Civil War in 2002, the economy is gradually recovering with a gross domestic product growth rate between 4 and 7%. In 2008 it in PPP ranked between 147th by World Bank, and 153rd by CIA, largest in the world.

<span class="mw-page-title-main">Economy of the Gambia</span>

The economy of the Gambia is heavily reliant on agriculture. The Gambia has no significant mineral or other natural resources, and has a limited agricultural base. About 75% of the population depends on crops and livestock for its livelihood. Small-scale manufacturing activity features the processing of peanuts, fish, and animal hides.

<span class="mw-page-title-main">Financial and social rankings of sovereign states in Europe</span> Overview of financial and social rankings of the sovereign states in Europe

This page compares the sovereign states of Europe on economic, financial and social indicators.

<span class="mw-page-title-main">Government debt</span> Total amount of debt owed to lenders by a government/state

A country's gross government debt is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt.

<span class="mw-page-title-main">Economy of Ivory Coast</span>

The economy of Ivory Coast is stable and currently growing, in the aftermath of political instability in recent decades. The Ivory Coast's economy is largely market-based and depends heavily on the agricultural sector. Almost 70% of the Ivorian people are engaged in some form of agricultural activity. The economy grew 82% in the 1960s, reaching a peak growth of 360% in the 1970s, but this proved unsustainable and it shrank by 28% in the 1980s and a further 22% in the 1990s. This decline, coupled with high population growth, resulted in a steady fall in living standards. The gross national product per capita, now rising again, was about US$727 in 1996. It was substantially higher two decades before. Real GDP growth is expected to average 6.5% in 2024–25.

References

  1. ↑ "Tax revenues as a share of GDP, 2022". Our World in Data . Retrieved 2024-09-07.
  2. ↑ World Bank. "GDP (current US$)". databank.worldbank.org. Retrieved 2024-09-07.
  3. ↑ World Bank. "Tax revenue (% of GDP)". databank.worldbank.org. Retrieved 2024-09-07.
  4. ↑ International Monetary Fund. "World Economic Outlook Database". imf.org. Retrieved 2024-09-07.
  5. ↑ Organisation for Economic Co-operation and Development. "Global Revenue Statistics Database". data-explorer.oecd.org. Retrieved 2024-09-07.
  6. ↑ World Bank. "GDP (current US$)". databank.worldbank.org. Retrieved 2024-09-07.
  7. ↑ World Bank. "Tax revenue (% of GDP)". databank.worldbank.org. Retrieved 2024-09-07.
  8. ↑ UNU-WIDER. "Total taxes". www5.wider.unu.edu. GRD – The Government Revenue Dataset. Retrieved 2024-09-07.

See also


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.