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Economy > Government Stats: compare key data on Australia & China

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Definitions

  • Finance minister: The name of each country's finance minister. A finance minister is a cabinet member in charge of overseeing and regulating the economic and monetary activity of a country. Certain countries have different titles for their finance minister, such as the UK's "Chancellor of the Exchequer" or the United States' "Secretary of the Treasury".
  • Revenue > Tax > Maximum tax rate for individuals: Individual (max).

    No date was available from the Wikipedia article, so we used the date of retrieval.

    Mexico had range specified: 29%-3%

  • Revenue > Tax > Sales tax, VAT or GST: VAT / GST / Sales.

    No date was available from the Wikipedia article, so we used the date of retrieval.

    India had range specified: 14.5% - 5.5%

    Uzbekistan had range specified: 0- 20%

  • Revenue > Tax > Tax burden, % of GDP: Overall taxes, including all forms of direct and indirect taxation at all levels of government, as a percentage of GDP.
  • Revenue > Tax revenue as percentage of GDP: Heritage Foundation (2012).
  • Sovereign wealth funds > Assets: Assets (US$Billion).

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • Sovereign wealth funds > Origin: Origin.

    No date was available from the Wikipedia article, so we used the date of retrieval.

STAT Australia China
Finance minister Joe Hockey Lou Jiwei
Revenue > Tax > Maximum tax rate for individuals 0.0
Ranked 1st.
5%
Ranked 18th.
Revenue > Tax > Sales tax, VAT or GST 10%
Ranked 54th.
17%
Ranked 25th. 70% more than Australia
Revenue > Tax > Tax burden, % of GDP 25.6
Ranked 58th. 35% more than China
19
Ranked 93th.
Revenue > Tax revenue as percentage of GDP 30.8
Ranked 43th. 81% more than China
17
Ranked 105th.
Sovereign wealth funds > Assets 89 billion USD
Ranked 12th.
1,308.7 billion USD
Ranked 1st. 15 times more than Australia
Sovereign wealth funds > Origin Non-commodity Non-commodity

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