The country was number 12 in 2023, Switzerland overtook 0.3 Percent of GDP. Belgium, Australia and Ireland respectively came in numbers 2, 3 and 4 in this ranking.
How does India rank in Tax Expenditure on Petroleum for All Beneficiaries or Sectors?
| # | 34 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 0.71 | 2023 | +3.03% | +0.48% | View data |
| 2 | 2 Belgium | 0.63 | 2023 | +1.46% | +1.12% | View data |
| 3 | 3 Australia | 0.51 | 2023 | +4.08% | +2.63% | View data |
| 4 | 4 Ireland | 0.46 | 2023 | +0.66% | -4.7% | View data |
| 5 | 5 Finland | 0.41 | 2023 | +0.73% | +1.36% | View data |
| 10 | 10 Italy | 0.33 | 2023 | -1.81% | -2.45% | View data |
| 11 | 11 Switzerland | 0.32 | 2023 | +10.42% | +0.25% | View data |
| 12 | 12 India | 0.3 | 2023 | +1.34% | +4.51% | |
| 13 | 13 Latvia | 0.29 | 2023 | -2.01% | -1.5% | View data |
| 14 | 14 Argentina | 0.28 | 2023 | -3.81% | -1.45% | View data |