Taxes on goods and services (% value added of industry and services)
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Description: The map below shows how Taxes on goods and services (% value added of industry and services) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Macao SAR, China, with a value of 50.18. The country with the lowest value in the world is Kuwait, with a value of 0.01.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.