United Kingdom's taxes on international trade (current LCU) was 5.62 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 19,982% from 28 million in 2019 (188.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.62 billion | 2024 |
| Five years earlier | 28 million | 2019 |
| Highest | 6.15 billion | 2022 |
| Lowest | 1 million | 1991 |
| Average since 2019 | 3.81 billion | 2019–2024 |
| First recorded | 352 million | 1972 |
Over five years it is up 19,982% from 28 million in 2019 (188.78% a year on average, compounded). Since 1972 it is up 1,497% from 352 million in 1972 (5.47% a year on average, compounded). The World Bank has no value for 27 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2024, United Kingdom's taxes on international trade (current LCU) fell 3% on 2023 (from 5.79 billion to 5.62 billion).
Across the 21 yearly changes before that (1973 to 2023), the average change was +151% and a typical year strayed about 467.1% from that (the standard deviation). This year's change was 0.3 standard deviations below 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 1,861.7% in 2021 and the biggest yearly fall was 97.2% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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, United Kingdom had the 40th highest value of the 68 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 United Kingdom in the 2024 ranking
What this measures
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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 26 values
| Year | Taxes on international trade (current LCU) |
|---|---|
| 2024 | 5,623,000,000 |
| 2023 | 5,794,000,000 |
| 2022 | 6,146,000,000 |
| 2021 | 5,022,000,000 |
| 2020 | 256,000,000 |
| 2019 | 28,000,000 |
| 2018 | no data |
| 2017 | no data |
| 2016 | no data |
| 2015 | no data |
| 2014 |
Taxes on international trade (current LCU) in nearby economies
- Albania — 9.01 billion (2024)
- Armenia — 76.17 billion (2024)
- Azerbaijan — 1.9 billion (2024)
- Belarus — 8.03 billion (2024)
- Bosnia and Herzegovina — 2,739 (2024)
- Bulgaria — 11.72 million (2024)
- Croatia — 61,000 (2020)
- Cyprus — 14.9 million (2019)
- Denmark — 482 million (2024)
- France — 40 million (2024)
More public sector data for United Kingdom
- Arms imports (SIPRI trend indicator values) — 609 million (2025)
- Military expenditure (current USD) — 88.98 billion (2025)
- Military expenditure (current LCU) — 71.18 billion (2025)
- Military expenditure (% of GDP) — 2.35% (2025)
- Arms exports (SIPRI trend indicator values) — 702 million (2025)
- Net incurrence of liabilities, total (current LCU) — 203.14 billion (2024)
- Net incurrence of liabilities, total (% of GDP) — 7.03% (2024)
- Net investment in nonfinancial assets (current LCU) — 69.25 billion (2024)
- Net investment in nonfinancial assets (% of GDP)
Reading data like this
Questions people ask
- What is United Kingdom's taxes on international trade (current LCU)?
- 5.62 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 1,497% from 352 million in 1972 (5.47% a year on average, compounded). The highest value was 6.15 billion in 2022 and the lowest 1 million in 1991.
- How does United Kingdom rank?
- 40th highest of 68 economies with data for 2024.
- Is the latest change in taxes on international trade (current LCU) unusual for United Kingdom?
- In 2024, United Kingdom's taxes on international trade (current LCU) fell 3% on 2023 (from 5.79 billion to 5.62 billion). Across the 21 yearly changes before that (1973 to 2023), the average change was +151% and a typical year strayed about 467.1% from that (the standard deviation). This year's change was 0.3 standard deviations below 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.INTT.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in