Revenue, excluding grants in Upper middle income
Upper middle income: Revenue, excluding grants was 18.5% in 2024. ▲ Rising
Revenue, excluding grants in Upper middle income, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for revenue, excluding grants in Upper middle income is 18.5%, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and down 1.9% over ten years.
Over the whole period, revenue, excluding grants in Upper middle income peaked at 19.2% in 2018 and was at its lowest, 12.1%, in 2005.
Upper middle income ranks 24th 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 Upper middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 12.1% | — |
| 2006 | 12.7% | +4.7% |
| 2007 | 17.8% | +39.9% |
| 2008 | 15.4% | -13.2% |
| 2009 | 15.2% | -1.5% |
| 2010 | 16.0% | +5.5% |
| 2011 | 16.2% | +0.9% |
| 2012 | 16.2% | +0.4% |
| 2013 | 16.1% | -0.7% |
| 2014 | 18.9% | +17.1% |
| 2015 | 19.1% | +1.1% |
| 2016 | 18.8% | -1.4% |
| 2017 | 18.7% | -0.5% |
| 2018 | 19.2% | +2.7% |
| 2019 | 19.0% | -1.0% |
| 2020 | 17.1% | -10.2% |
| 2021 | 17.9% | +4.6% |
| 2022 | 18.2% | +1.8% |
| 2023 | 18.5% | +1.9% |
| 2024 | 18.5% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.6% | 12.1% | 17.8% | 5 |
| 2010s | 17.8% | 16.0% | 19.2% | 10 |
| 2020s | 18.0% | 17.1% | 18.5% | 5 |
Countries ranked near Upper middle income
More economy & growth data for Upper middle income
- Gross domestic savings (current US$), per unit of GDP 0.3529 current US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 4.21 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9359 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 10,192 constant 2015 US$ per person (2025)
- Gross domestic savings (current US$), annual growth rate 2.62 % change on previous year (2024)
- GNI, Atlas method (current US$), annual growth rate 5.8 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 10,938 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- GDP (current US$), per capita 10,890 current US$ per person (2025)
- Gross domestic savings (current US$), per capita 3,686 current US$ per person (2024)
Frequently asked questions
- What is revenue, excluding grants in Upper middle income?
- Revenue, excluding grants in Upper 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 Upper middle income?
- The highest recorded value was 19.2% in 2018.
- What is the lowest revenue, excluding grants recorded in Upper middle income?
- The lowest recorded value was 12.1% in 2005.
- How does Upper middle income rank for revenue, excluding grants?
- Upper middle income ranks 24th out of 35 groups with data for 2024.
- Is revenue, excluding grants rising or falling in Upper middle income?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is rising.
- Where does this Upper 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.
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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.