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Economy > Tax Stats: compare key data on San Marino & United Kingdom

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Definitions

  • GDP > Constant LCU: GDP (constant LCU). GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • GDP > Constant LCU per capita: GDP (constant LCU). GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency. Figures expressed per capita for the same year.
  • GDP > Current LCU: GDP (current LCU). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • GDP > Current LCU per capita: GDP (current LCU). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency. Figures expressed per capita for the same year.
  • GDP > Current US$: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Current US$ per capita: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • GDP per capita > Constant LCU: GDP per capita (constant LCU). GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • GNI per capita, Atlas method > Current US$: GNI per capita, Atlas method (current US$). GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
  • Social security contributions: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Tax payments > Number: Tax payments (number). Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
  • Tax payments > Number per million: Tax payments (number). Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent. Figures expressed per million population for the same year.
  • Tax rates: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Taxes on income > Profits and capital gains > Current LCU: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Taxes on income, profits and capital gains > Current LCU: Taxes on income, profits and capital gains (current LCU). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income, profits and capital gains > Current LCU per capita: Taxes on income, profits and capital gains (current LCU). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation. Figures expressed per capita for the same year.
  • Other taxes > Current LCU: Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes."
  • Tax revenue > Current LCU: 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."
  • Social contributions > Current LCU: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.
  • Revenue, excluding grants > % of GDP: Revenue, excluding grants (% of GDP). Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.
  • Grants and other revenue > % of revenue: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • GNI > Constant 2000 US$, % of GDP: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars. Figures expressed as a proportion of GDP for the same year
  • Social contributions > % of revenue: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.
  • Taxes on goods and services > Current LCU: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Other taxes > % of revenue: Other taxes (% of revenue). Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.
  • Profit tax > % of commercial profits: Profit tax (% of commercial profits). Profit tax is the amount of taxes on profits paid by the business.
  • Other taxes payable by businesses > % of commercial profits: Other taxes payable by businesses (% of commercial profits). Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.
  • Total tax rate > % of commercial profits: Total tax rate (% of commercial profits). Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
  • GDP > Current US$, % of GDP: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed as a proportion of GDP for the same year
  • GNI > Constant 2000 US$ per capita: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars. Figures expressed per capita for the same year.
  • 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."
  • Grants and other revenue > Current LCU: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Revenue > Excluding grants > Current LCU: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Social security contributions > Current LCU: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Taxes on income > Profits and capital gains including income tax > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Taxes on income, profits and capital gains > % of total taxes: Taxes on income, profits and capital gains (% of total taxes). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income, profits and capital gains > % of revenue: Taxes on income, profits and capital gains (% of revenue). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income > Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • GNI > Constant 2000 US$: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars.
  • Labor tax and contributions > % of commercial profits: Labor tax and contributions (% of commercial profits). Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
  • Taxes on income > Profits and capital gains > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • GDP growth > Annual %: GDP growth (annual %). Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • GDP per capita > Current LCU: GDP per capita (current LCU). GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • Taxes on goods and services > % of revenue: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Taxes on income > Profits and capital gains including income tax > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
STAT San Marino United Kingdom HISTORY
GDP > Constant LCU 754.28 million
Ranked 188th.
1.31 trillion
Ranked 62nd. 1742 times more than San Marino

GDP > Constant LCU per capita 24,690.95
Ranked 107th. 19% more than United Kingdom
20,784.57
Ranked 113th.

GDP > Current LCU 1.3 billion
Ranked 188th.
1.56 trillion
Ranked 76th. 1206 times more than San Marino

GDP > Current LCU per capita 42,456.38
Ranked 102nd. 72% more than United Kingdom
24,746.17
Ranked 129th.

GDP > Current US$ $1.90 billion
Ranked 167th.
$2.47 trillion
Ranked 7th. 1301 times more than San Marino

GDP > Current US$ per capita $62,188.93
Ranked 9th. 59% more than United Kingdom
$39,093.47
Ranked 22nd.

GDP per capita > Constant LCU 24,690.95
Ranked 107th. 19% more than United Kingdom
20,784.57
Ranked 113th.

GNI per capita, Atlas method > Current US$ $51,470.00
Ranked 10th. 33% more than United Kingdom
$38,670.00
Ranked 19th.

Social security contributions 22.53%
Ranked 32nd. 7% more than United Kingdom
21.13%
Ranked 34th.

Tax payments > Number 19
Ranked 117th. 2 times more than United Kingdom
8
Ranked 162nd.

Tax payments > Number per million 608.06
Ranked 3rd. 4806 times more than United Kingdom
0.127
Ranked 177th.

Tax rates 45.47
Ranked 5th. 19% more than United Kingdom
38.26
Ranked 18th.

Taxes on income > Profits and capital gains > Current LCU 100.26 million
Ranked 95th.
207.43 billion
Ranked 24th. 2069 times more than San Marino

Taxes on income, profits and capital gains > Current LCU 88.2 million
Ranked 100th.
199.9 billion
Ranked 33th. 2266 times more than San Marino

Taxes on income, profits and capital gains > Current LCU per capita 2,840.84
Ranked 57th.
3,185.45
Ranked 53th. 12% more than San Marino

Other taxes > Current LCU 28.41 million
Ranked 80th.
55.13 billion
Ranked 14th. 1941 times more than San Marino

Tax revenue > Current LCU 261.95 million
Ranked 98th.
412.21 billion
Ranked 31st. 1574 times more than San Marino

Social contributions > Current LCU 102570500 101426000000
Revenue, excluding grants > % of GDP 45.56%
Ranked 6th. 25% more than United Kingdom
36.33%
Ranked 21st.

Grants and other revenue > % of revenue 29.59%
Ranked 18th. 6 times more than United Kingdom
5.21%
Ranked 75th.

GNI > Constant 2000 US$, % of GDP 87.7%
Ranked 183th.
97.83%
Ranked 2nd. 12% more than San Marino

Social contributions > % of revenue 20.56%
Ranked 33th.
21.86%
Ranked 29th. 6% more than San Marino

Taxes on goods and services > Current LCU 123.23 million
Ranked 96th.
149.65 billion
Ranked 34th. 1214 times more than San Marino

Other taxes > % of revenue 2.77%
Ranked 43th.
6.52%
Ranked 14th. 2 times more than San Marino

Profit tax > % of commercial profits 12.4%
Ranked 119th.
21.6%
Ranked 56th. 74% more than San Marino

Other taxes payable by businesses > % of commercial profits 0.3%
Ranked 165th.
1.7%
Ranked 123th. 6 times more than San Marino

Total tax rate > % of commercial profits 42.2%
Ranked 75th. 24% more than United Kingdom
34%
Ranked 119th.

GDP > Current US$, % of GDP 100%
Ranked 98th.
101.5%
Ranked 24th. 2% more than San Marino

GNI > Constant 2000 US$ per capita $40,513.44
Ranked 13th. 8% more than United Kingdom
$37,677.83
Ranked 14th.

Tax revenue > % of GDP 22.37%
Ranked 29th.
28.46%
Ranked 5th. 27% more than San Marino

Grants and other revenue > Current LCU 161.85 million
Ranked 90th.
29.14 billion
Ranked 41st. 180 times more than San Marino

Revenue > Excluding grants > Current LCU 532.4 million
Ranked 98th.
554.19 billion
Ranked 32nd. 1041 times more than San Marino

Social security contributions > Current LCU 123.22 million
Ranked 67th.
118.27 billion
Ranked 21st. 960 times more than San Marino

Taxes on income > Profits and capital gains including income tax > % of total taxes 38.28%
Ranked 38th.
50.32%
Ranked 16th. 31% more than San Marino

Taxes on income, profits and capital gains > % of total taxes 41.91%
Ranked 39th.
48.11%
Ranked 18th. 15% more than San Marino

Taxes on income, profits and capital gains > % of revenue 16.85%
Ranked 68th.
35.59%
Ranked 19th. 2 times more than San Marino

Taxes on income > Profits and capital gains > % of revenue 19.23%
Ranked 45th.
37.37%
Ranked 8th. 94% more than San Marino

GNI > Constant 2000 US$ $1.21 billion
Ranked 166th.
$2.38 trillion
Ranked 6th. 1975 times more than San Marino

Labor tax and contributions > % of commercial profits 29.4%
Ranked 24th. 3 times more than United Kingdom
10.6%
Ranked 127th.

Taxes on income > Profits and capital gains > % of total taxes 43.69%
Ranked 23th.
50.64%
Ranked 11th. 16% more than San Marino

GDP growth > Annual % 1.9%
Ranked 140th. 15 times more than United Kingdom
0.125%
Ranked 151st.

GDP per capita > Current LCU 42,456.38
Ranked 102nd. 72% more than United Kingdom
24,746.17
Ranked 129th.

Taxes on goods and services > % of revenue 22.53%
Ranked 79th.
26.74%
Ranked 60th. 19% more than San Marino

Taxes on income > Profits and capital gains including income tax > % of revenue 18.33%
Ranked 59th.
37.07%
Ranked 15th. 2 times more than San Marino

SOURCES: World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Government Finance Statistics Yearbook and data files.; World Bank, Doing Business project (http://www.doingbusiness.org/).; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Development Indicators database; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. World Bank World Development Indicators.; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.

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