The Global Goods and Services Tax Revenue Perceived by Social Security Funds indicates varied performance across countries in 2023. France showed a significant increase of 14.76%, further solidifying its leading position in 2024 with a forecasted value of $82.54 million. Conversely, Ghana experienced an 11.98% decline, positioning its revenue lower at $43.44 million. Belgium exhibited a steady growth of 4.34%, whereas Portugal and Hungary had marginal changes of 0.33% and -0.59%, respectively.
Future trends to watch include:
- The impact of economic policies on tax revenues in emerging markets like Ghana.
- Sustained growth strategies within the EU, particularly for Belgium and France.
- Potential economic recalibrations affecting smaller economies such as Portugal and Hungary.
Top countries in Goods and Services Tax Revenue Perceived by Social Security Funds by Country
| # | 5 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 82.54 | 2023 | +4.04% | +14.76% | View data |
| 2 | 2 Ghana | 43.44 | 2023 | -2.36% | -11.98% | View data |
| 3 | 3 Belgium | 2.8 | 2023 | +2.74% | +4.34% | View data |
| 4 | 4 Portugal | 1.28 | 2023 | +0.78% | +0.33% | View data |
| 5 | 5 Hungary | 0.48 | 2023 | +3.12% | -0.59% | View data |
