Australia - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Australia was 23.41 as of 2019. Its highest value over the past 47 years was 24.89 in 2001, while its lowest value was 17.02 in 1973.

Definition: 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.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 17.84
1973 17.02
1974 18.05
1975 19.87
1976 20.29
1977 20.53
1978 20.40
1979 19.76
1980 20.41
1981 21.46
1982 21.58
1983 21.71
1984 21.01
1985 22.50
1986 22.57
1987 23.22
1988 23.14
1989 22.65
1990 22.44
1991 22.33
1992 20.64
1993 19.98
1994 20.01
1995 21.17
1996 21.89
1997 22.39
1998 22.24
1999 22.45
2000 23.06
2001 24.89
2002 23.58
2003 24.32
2004 24.28
2005 24.78
2006 24.54
2007 24.07
2008 24.23
2009 22.04
2010 20.50
2011 20.33
2012 21.11
2013 21.96
2014 21.91
2015 21.88
2016 22.27
2017 22.09
2018 23.19
2019 23.41

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance