Revenue, excluding grants in Late-demographic dividend
Late-demographic dividend: Revenue, excluding grants was 18.6% in 2024. ▲ Rising
Revenue, excluding grants in Late-demographic dividend, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Late-demographic dividend recorded 18.6% for revenue, excluding grants in 2024.
Compared with earlier readings it is down 3.1% on the previous year and down 2.7% over ten years.
Over the whole period, revenue, excluding grants in Late-demographic dividend peaked at 20.0% in 2007 and was at its lowest, 14.7%, in 2005.
Late-demographic dividend ranks 22nd of 35 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Revenue, excluding grants in Late-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 14.7% | — |
| 2006 | 15.0% | +1.9% |
| 2007 | 20.0% | +33.7% |
| 2008 | 16.5% | -17.6% |
| 2009 | 15.7% | -4.7% |
| 2010 | 16.8% | +6.8% |
| 2011 | 17.0% | +1.1% |
| 2012 | 16.8% | -1.1% |
| 2013 | 16.4% | -2.0% |
| 2014 | 19.1% | +16.2% |
| 2015 | 19.1% | -0.3% |
| 2016 | 18.8% | -1.2% |
| 2017 | 18.7% | -0.5% |
| 2018 | 19.6% | +4.5% |
| 2019 | 19.4% | -0.8% |
| 2020 | 17.7% | -8.8% |
| 2021 | 18.4% | +3.7% |
| 2022 | 18.8% | +2.5% |
| 2023 | 19.2% | +2.0% |
| 2024 | 18.6% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.4% | 14.7% | 20.0% | 5 |
| 2010s | 18.2% | 16.4% | 19.6% | 10 |
| 2020s | 18.5% | 17.7% | 19.2% | 5 |
Countries ranked near Late-demographic dividend
More economy & growth data for Late-demographic dividend
- Foreign direct investment, net outflows (BoP, current US$), gaps 244.79 billion BoP, current US$ (2025)
- Gross capital formation (current US$), per unit of GDP 0.3356 current US$ per US$ of GDP (2024)
- GDP growth 4.5% (2025)
- GDP 28.99 trillion constant 2015 US$ (2025)
- GDP 31.87 trillion current US$ (2025)
- Inflation, GDP deflator 3.7% (2025)
- Gross fixed capital formation (current US$), per capita 4,235 current US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 1.15 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.3289 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 4,321 current US$ per person (2024)
Frequently asked questions
- What is revenue, excluding grants in Late-demographic dividend?
- Revenue, excluding grants in Late-demographic dividend was 18.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Late-demographic dividend?
- The highest recorded value was 20.0% in 2007.
- What is the lowest revenue, excluding grants recorded in Late-demographic dividend?
- The lowest recorded value was 14.7% in 2005.
- How does Late-demographic dividend rank for revenue, excluding grants?
- Late-demographic dividend ranks 22nd out of 35 groups with data for 2024.
- Is revenue, excluding grants rising or falling in Late-demographic dividend?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is rising.
- Where does this Late-demographic dividend data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.