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Correlation of tax revenue and inflation by country

Updated: 64d ago

This scatter chart displays tax revenue (% of GDP) against inflation (annual %). The data is about countries.

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This chart uses 2 fields, including filters:

  • 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.

This chart is based on data from: SIPRI, World Bank, Reporters Without Borders.

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