Lesotho - Customs and other import duties (% of tax revenue)

Customs and other import duties (% of tax revenue) in Lesotho was 16.62 as of 2019. Its highest value over the past 37 years was 79.74 in 1984, while its lowest value was 14.60 in 2011.

Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.

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

See also:

Year Value
1982 69.92
1983 72.96
1984 79.74
1985 75.69
1986 62.55
1987 60.20
1988 59.02
1989 59.36
1991 23.57
1992 24.49
1993 27.66
1994 27.09
1995 26.03
1996 27.52
1997 26.19
1998 24.08
1999 25.74
2000 23.98
2001 23.54
2002 22.29
2003 17.96
2004 21.35
2005 22.63
2006 28.62
2007 26.38
2008 26.33
2009 25.01
2010 15.91
2011 14.60
2012 23.10
2013 22.15
2014 21.93
2015 18.88
2016 14.88
2017 18.20
2018 15.45
2019 16.62

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance