San Marino: Tax revenue (current LCU)

Key figures

What the numbers say

In 2024, San Marino's tax revenue (current LCU) rose 4.5% on 2023 (from 323.78 million to 338.38 million).

Across the 21 yearly changes before that (2003 to 2023), the average change was +2.3% and a typical year strayed about 9.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 24.3% in 2021 and the biggest yearly fall was 13.2% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 13.15 million a year. A straight line explains 77% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, San Marino had the 91st highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to San Marino in the 2024 ranking

• Fiji — 87th of 91: 3.24 billion
• Solomon Islands — 88th of 91: 3.12 billion
• Bahamas, The — 89th of 91: 2.74 billion
• Naoero — 91st of 91: 54.84 million

What this measures

Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 24 values

Tax revenue (current LCU) in nearby economies

• Albania — 453.59 billion (2024)
• Armenia — 2.28 trillion (2024)
• Austria — 127.38 billion (2024)
• Azerbaijan — 21.89 billion (2024)
• Belarus — 33.27 billion (2024)
• Belgium — 142.33 billion (2024)
• Bosnia and Herzegovina — 10.87 billion (2024)
• Bulgaria — 21.66 billion (2024)
• Croatia — 16.77 billion (2023)
• Cyprus — 8.32 billion (2024)
• Czechia — 1.5 trillion (2024)
• Denmark

More public sector data for San Marino

• Central government debt, total (current LCU) — 1.77 billion (2024)
• Grants and other revenue (current LCU) — 203.86 million (2024)
• Grants and other revenue (% of revenue) — 26.04% (2024)
• Social contributions (current LCU) — 240.73 million (2024)
• Social contributions (% of revenue) — 30.75% (2024)
• Revenue, excluding grants (current LCU) — 778.32 million (2024)
• Taxes on goods and services (current LCU) — 147.33 million (2024)
• Taxes on goods and services (% of revenue) — 18.82% (2024)
• Customs and other import duties (current LCU) — 2.33 million (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is San Marino's tax revenue (current LCU)?

338.38 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 99.87% from 258 billion in 1995 (20.45% a year on average, compounded). The highest value was 258 billion in 1995 and the lowest 210.47 million in 2011.

How does San Marino rank?

91st highest of 91 economies with data for 2024.

Is the latest change in tax revenue (current LCU) unusual for San Marino?

In 2024, San Marino's tax revenue (current LCU) rose 4.5% on 2023 (from 323.78 million to 338.38 million). Across the 21 yearly changes before that (2003 to 2023), the average change was +2.3% and a typical year strayed about 9.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.TAX.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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