Key information about US Tax revenue: % of GDP

• United States Tax revenue: % of GDP was reported at 16.5 % in Dec 2024.
• This records an increase from the previous number of 16.1 % for Dec 2023.
• US Tax revenue: % of GDP data is updated yearly, averaging 18.0 % from Dec 1968 to 2024, with 57 observations.
• The data reached an all-time high of 19.5 % in 2000 and a record low of 13.7 % in 2009.
• US Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from monthly Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Individual Income Taxes, Corporation Income Taxes, Social Insurance Taxes, Excise Tax, Estate and Gift Taxes and Customs Duties. The Bureau of the Fiscal Service provides Tax Revenue in USD. The Bureau of Economic Analysis provides Nominal GDP in USD.

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2024 about receipts, federal, GDP, and USA.

Income tax revenue in the United States was 8.4 percent of GDP in 2024. This amounted to a total value of 2.4 trillion U.S. dollars. The share of this expenditure was expected to increase to 10 percent of U.S. GDP by 2035.The annual inflation rate in the U.S. since 1990 can be accessed here.

Actual value and historical data chart for United States Tax Revenue Percent Of GDP

Graph and download economic data for Federal government current tax receipts (NA000327Q) from Q1 1947 to Q2 2025 about receipts, tax, federal, government, GDP, and USA.

Graph and download economic data for Federal government current tax receipts: Taxes on production and imports: Customs duties (B235RC1Q027SBEA) from Q1 1959 to Q2 2025 about receipts, imports, tax, federal, production, government, GDP, and USA.

Graph and download economic data for State and local government current tax receipts (W070RC1Q027SBEA) from Q1 1947 to Q2 2025 about state & local, receipts, tax, government, GDP, and USA.

Federal revenue amounted to **** trillion U.S. dollars in 2024, which was about **** percent of the U.S. GDP. The forecast predicts an increase in federal revenue up to ***** trillion U.S. dollars in 2035, which would be about **** percent of the respective U.S. GDP.

Corporate income tax revenue in the United States amounted to 420 billion U.S. dollars in 2023, which was about 1.6 percent of the U.S. GDP. The forecast predicts an increase in corporate income tax revenue up to 551 billion U.S. dollars in 2034, which would be about 1.2 percent of the projected U.S. GDP.

View quarterly updates and historical trends for US Corporate Profits After Tax. from United States. Source: Bureau of Economic Analysis. Track economic d…

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.

United States US: GDP: Net Taxes on Product data was reported at 574.299 USD bn in 2016. This records an increase from the previous number of 570.462 USD bn for 2015. United States US: GDP: Net Taxes on Product data is updated yearly, averaging 444.027 USD bn from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 574.299 USD bn in 2016 and a record low of 296.773 USD bn in 1997. United States US: GDP: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Nominal. Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Graph and download economic data for Government current tax receipts (W054RC1Q027SBEA) from Q1 1947 to Q2 2025 about receipts, tax, government, GDP, and USA.

In 2022, tax revenues in Brazil represented 33.3 percent of its GDP. This made it the country with the largest volume of taxes in relation to gross domestic product in Latin America and the Caribbean. In Barbados and Argentina, tax revenue was equal to approximately one third of GDP. Guyana, on the other hand, was the nation with the lowest share of tax to GDP, at only 10.6 percent, almost eleven percentage points below the regional average, 21.5 percent.

The USA: Tax revenue, percent of GDP: The latest value from 2023 is 10.65 percent, a decline from 12.6 percent in 2022. In comparison, the world average is 17.30 percent, based on data from 87 countries. Historically, the average for the USA from 1972 to 2023 is 10.87 percent. The minimum value, 7.9 percent, was reached in 2009 while the maximum of 12.97 percent was recorded in 2000.

Tax revenue as a percentage of gross domestic product (GDP) reached 21.5 percent in Latin America and the Caribbean in 2022. Based on an unweighted average among 26 countries in the region, tax revenue as share of GPD has generally stay between 21.5 and 22.9 percent since 2014.

Tax revenue (% of GDP) in North America was reported at 11.41 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. North America - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

United States Radiation: Tax Revenue: % of GDP data was reported at 0.000 % in 2014. This records a decrease from the previous number of 0.000 % for 2013. United States Radiation: Tax Revenue: % of GDP data is updated yearly, averaging 0.000 % from Dec 1994 (Median) to 2014, with 19 observations. The data reached an all-time high of 0.001 % in 1994 and a record low of 0.000 % in 2014. United States Radiation: Tax Revenue: % of GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.ESG: Environmental: Environmentally Related Tax Revenue: Environmental Protection Domains: OECD Member: Annual.

United States CBO Projection: Revenues: Corporate Income Taxes: % of GDP data was reported at 1.628 % in 2018. This records an increase from the previous number of 1.621 % for 2017. United States CBO Projection: Revenues: Corporate Income Taxes: % of GDP data is updated yearly, averaging 1.631 % from Sep 2015 (Median) to 2018, with 4 observations. The data reached an all-time high of 1.947 % in 2015 and a record low of 1.621 % in 2017. United States CBO Projection: Revenues: Corporate Income Taxes: % of GDP data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s USA – Table US.F003: Federal Government Receipts & Outlays: Projection: Congressional Budget Office.

United States Federal Govt Receipts: Individual Income Taxes: as % of GDP data was reported at 8.100 % in 2023. This records a decrease from the previous number of 10.400 % for 2022. United States Federal Govt Receipts: Individual Income Taxes: as % of GDP data is updated yearly, averaging 7.700 % from Sep 1934 (Median) to 2023, with 90 observations. The data reached an all-time high of 10.400 % in 2022 and a record low of 0.700 % in 1935. United States Federal Govt Receipts: Individual Income Taxes: as % of GDP data remains active status in CEIC and is reported by Office of Management and Budget. The data is categorized under Global Database’s United States – Table US.F006: Federal Government Receipts and Outlays: Annual.