Taxes on international trade (% of revenue)

This indicator measures the proportion of government revenue derived from taxes levied on international trade activities, encompassing a variety of financial sources. It includes import and export duties, profits from state-controlled monopolies, and various exchange-related taxes. By analyzing this revenue segment, one can gain insights into a country's trade policy effectiveness, its reliance on external commerce, and the economic impact of trade regulations. Higher percentages might indicate a significant dependence on trade taxes, which could influence national economic stability and growth prospects. Conversely, lower figures may suggest a more diversified revenue stream and a potential reduction in trade barriers, signaling a more open economy that could foster competitive advantages in the global market. Source: