European Union - Revenue, excluding grants (% of GDP)

Revenue, excluding grants (% of GDP) in European Union was 35.77 as of 2019. Its highest value over the past 46 years was 37.66 in 1996, while its lowest value was 25.96 in 1973.

Definition: 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.

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

See also:

Year Value
1973 25.96
1974 26.36
1975 26.60
1976 27.64
1977 28.22
1978 28.56
1979 28.79
1980 29.91
1981 30.34
1982 31.12
1983 31.63
1984 31.69
1985 32.10
1986 32.53
1987 32.74
1988 32.36
1989 32.51
1990 31.70
1991 33.74
1992 34.16
1993 33.92
1994 33.92
1995 37.18
1996 37.66
1997 37.55
1998 36.82
1999 37.17
2000 36.59
2001 36.12
2002 35.66
2003 35.63
2004 35.15
2005 35.33
2006 35.56
2007 35.64
2008 35.68
2009 35.59
2010 35.67
2011 35.83
2012 36.48
2013 36.90
2014 36.87
2015 36.56
2016 36.46
2017 35.68
2018 35.82
2019 35.77

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