Revenue, excluding grants in Low & middle income
Low & middle income: Revenue, excluding grants was 18.5% in 2024. ▲ Rising
Revenue, excluding grants in Low & middle income, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, revenue, excluding grants in Low & middle income stood at 18.5%.
Compared with earlier readings it is down 0.4% on the previous year and up 1.7% over ten years.
Over the whole period, revenue, excluding grants in Low & middle income peaked at 18.9% in 2019 and was at its lowest, 12.6%, in 2005.
That places Low & middle income 25th out of 35 groups with data for 2024, putting it 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 Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 12.6% | — |
| 2006 | 13.4% | +6.1% |
| 2007 | 17.6% | +31.7% |
| 2008 | 15.5% | -11.8% |
| 2009 | 15.0% | -3.2% |
| 2010 | 16.0% | +6.3% |
| 2011 | 16.0% | +0.2% |
| 2012 | 16.1% | +0.7% |
| 2013 | 16.0% | -0.9% |
| 2014 | 18.2% | +13.7% |
| 2015 | 18.3% | +0.8% |
| 2016 | 18.0% | -1.6% |
| 2017 | 18.0% | -0.4% |
| 2018 | 18.5% | +2.8% |
| 2019 | 18.9% | +2.2% |
| 2020 | 17.2% | -8.9% |
| 2021 | 17.8% | +3.4% |
| 2022 | 17.4% | -2.3% |
| 2023 | 18.5% | +6.7% |
| 2024 | 18.5% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.8% | 12.6% | 17.6% | 5 |
| 2010s | 17.4% | 16.0% | 18.9% | 10 |
| 2020s | 17.9% | 17.2% | 18.5% | 5 |
Countries ranked near Low & middle income
More economy & growth data for Low & middle income
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 267.99 billion BoP, current US$ (2025)
- GDP (current US$), per capita 6,107 current US$ per person (2025)
- Services, value added (current US$), per capita 3,519 current US$ per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.02 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5412 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 3,305 constant 2015 US$ per person (2025)
- GDP (current US$), annual growth rate 5.03 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9385 constant 2015 US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), annual growth rate 0.7748 % change on previous year (2024)
Frequently asked questions
- What is revenue, excluding grants in Low & middle income?
- Revenue, excluding grants in Low & middle income was 18.5% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Low & middle income?
- The highest recorded value was 18.9% in 2019.
- What is the lowest revenue, excluding grants recorded in Low & middle income?
- The lowest recorded value was 12.6% in 2005.
- How does Low & middle income rank for revenue, excluding grants?
- Low & middle income ranks 25th out of 35 groups with data for 2024.
- Is revenue, excluding grants rising or falling in Low & middle income?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is rising.
- Where does this Low & middle income 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.
Download this data
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.