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Relationship between inflation and tax revenue in the United States and in 2021

25 days ago
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This scatter chart displays inflation (annual %) against tax revenue (% of GDP) and is filtered where the country is the United States and the date is 2021. The data is about countries per year.

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Legend

There are 4 fields used on this chart, including filters:

  • Date (year): Year period during which the metrics are collected.
  • Country: Name of country.
  • Inflation (annual %): Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Tax Revenue (% of GDP): Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Details

This chart is based on data from: World Bank.

This chart can be used under the CC BY 4.0 license.