Standardised coverage and timely analysis helping you to understa...
Standardised coverage and timely analysis helping you to understand the industrial and commercial makeup of the world’s largest economies. Providing actionable
insight on industries and supply chains.
In 2020, Brazil generated less public revenue compared to 2019, mainly due to the adverse effects of the COVID-19 pandemic on the economy. The country’s annual real GDP declined by 4.7%, reflecting the impact of economic shutdowns which weakened…
In 2020, Canada’s public revenue dropped, compared to 2019, amid the effects of the COVID-19 pandemic. The decrease is largely associated with the overall economic downturn, resulting in a 5.8% real GDP contraction. The downturn was felt across…
India was among the worst hit economies by the global pandemic, recording a 9.9% contraction in real GDP in 2020, but the country is anticipated to see a swift recovery from 2021 onwards, driving public sector growth. Indian GDP is forecast to grow…
Russian public revenue contracted in 2020, amid the effects of the COVID-19 pandemic on the economy and the drop in oil output and prices. Russia’s GDP contracted by 3.7% in real terms in 2020, due to limited economic activity and widespread lockdown…
In 2019, China’s government continued to see an increase in revenue, but at a slightly slower rate. Personal and business tax cuts, introduced in 2018, which were intended to spur the slowing economy, reduced public tax revenue. The tax reduction…
In 2019, the US economy continued to expand, positively affecting the revenue of government and membership organisations. Favourable fiscal conditions, high employment and growth in real wages contributed to the increase. However, revenue expansion…
In 2019, the UK’s public revenue continued to increase. Due to high employment and higher average salaries, the revenue from personal income taxes increased over the year, contributing to overall industry growth. Moreover, the tax contribution from…