Iraq - Taxes on goods and services
Taxes on goods and services (current LCU)
The value for Taxes on goods and services (current LCU) in Iraq was 374,431,000,000 as of 2019. As the graph below shows, over the past 5 years this indicator reached a maximum value of 798,292,000,000 in 2016 and a minimum value of 264,431,000,000 in 2014.
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.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2014 | 264,431,000,000 |
| 2015 | 329,429,000,000 |
| 2016 | 798,292,000,000 |
| 2017 | 295,654,000,000 |
| 2018 | 311,993,000,000 |
| 2019 | 374,431,000,000 |
Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) in Iraq was 0.35 as of 2019. Its highest value over the past 5 years was 1.47 in 2016, while its lowest value was 0.25 in 2014.
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.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2014 | 0.25 |
| 2015 | 0.55 |
| 2016 | 1.47 |
| 2017 | 0.39 |
| 2018 | 0.30 |
| 2019 | 0.35 |
Taxes on goods and services (% value added of industry and services)
Taxes on goods and services (% value added of industry and services) in Iraq was 0.138 as of 2019. Its highest value over the past 5 years was 0.418 in 2016, while its lowest value was 0.104 in 2014.
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.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.
See also:
| Year | Value |
|---|---|
| 2014 | 0.104 |
| 2015 | 0.175 |
| 2016 | 0.418 |
| 2017 | 0.136 |
| 2018 | 0.118 |
| 2019 | 0.138 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
