European Union - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in European Union was 18.22 as of 2019. Its highest value over the past 46 years was 25.98 in 1991, while its lowest value was 16.29 in 2011.

Definition: 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.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1973 20.16
1974 21.30
1975 20.52
1976 20.10
1977 20.96
1978 20.86
1979 21.45
1980 20.88
1981 21.21
1982 19.79
1983 20.88
1984 20.18
1985 22.76
1986 19.41
1987 18.26
1988 19.43
1989 20.33
1990 20.90
1991 25.98
1992 19.95
1993 18.81
1994 19.16
1995 23.30
1996 21.40
1997 22.73
1998 22.86
1999 21.93
2000 23.10
2001 21.41
2002 21.63
2003 19.85
2004 20.06
2005 20.17
2006 19.72
2007 20.66
2008 21.02
2009 18.90
2010 17.56
2011 16.29
2012 16.67
2013 16.47
2014 17.65
2015 17.49
2016 18.53
2017 18.76
2018 18.58
2019 18.22

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: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance