United Kingdom - Tax revenue

Tax revenue (current LCU)

The value for Tax revenue (current LCU) in United Kingdom was 561,718,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 561,718,000,000 in 2019 and a minimum value of 15,665,000,000 in 1972.

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.

Year Value
1972 15,665,000,000
1973 16,561,000,000
1974 20,940,000,000
1975 26,516,000,000
1976 30,810,000,000
1977 35,179,000,000
1978 38,806,000,000
1979 45,405,000,000
1980 58,042,000,000
1981 66,301,000,000
1982 76,257,000,000
1983 79,615,000,000
1984 85,965,000,000
1985 95,822,000,000
1986 100,529,000,000
1987 105,596,000,000
1988 117,637,000,000
1989 128,951,000,000
1990 148,693,000,000
1991 161,001,000,000
1992 163,205,000,000
1993 162,645,000,000
1994 177,335,000,000
1995 197,897,000,000
1996 209,890,000,000
1997 225,764,000,000
1998 249,362,000,000
1999 265,337,000,000
2000 286,704,000,000
2001 292,457,000,000
2002 296,600,000,000
2003 308,677,000,000
2004 332,249,000,000
2005 356,159,000,000
2006 378,807,000,000
2007 400,891,000,000
2008 421,113,000,000
2009 374,005,000,000
2010 406,238,000,000
2011 428,949,000,000
2012 429,294,000,000
2013 446,797,000,000
2014 463,464,000,000
2015 479,974,000,000
2016 506,975,000,000
2017 530,781,000,000
2018 548,734,000,000
2019 561,718,000,000

Tax revenue (% of GDP)

Tax revenue (% of GDP) in United Kingdom was 24.91 as of 2019. Its highest value over the past 47 years was 26.34 in 2008, while its lowest value was 21.07 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 23.02
1973 21.07
1974 23.75
1975 24.27
1976 23.80
1977 23.33
1978 22.15
1979 21.90
1980 23.88
1981 24.64
1982 25.87
1983 24.65
1984 24.78
1985 25.13
1986 24.50
1987 23.16
1988 22.99
1989 22.76
1990 24.15
1991 24.85
1992 24.28
1993 22.98
1994 23.80
1995 23.19
1996 23.03
1997 23.70
1998 24.98
1999 25.46
2000 26.10
2001 25.61
2002 24.92
2003 24.50
2004 25.12
2005 25.45
2006 25.65
2007 25.82
2008 26.34
2009 24.02
2010 25.20
2011 25.69
2012 24.94
2013 24.92
2014 24.70
2015 24.80
2016 25.14
2017 25.31
2018 25.24
2019 24.91

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance