Australia - Revenue, excluding grants (% of GDP)

Revenue, excluding grants (% of GDP) in Australia was 26.08 as of 2019. Its highest value over the past 47 years was 27.09 in 2001, while its lowest value was 19.45 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
1972 20.39
1973 19.45
1974 20.30
1975 22.07
1976 22.57
1977 22.96
1978 23.04
1979 22.21
1980 22.70
1981 23.63
1982 23.79
1983 24.21
1984 23.56
1985 25.10
1986 25.46
1987 26.17
1988 25.63
1989 24.73
1990 24.44
1991 24.21
1992 22.71
1993 22.01
1994 22.22
1995 23.05
1996 23.66
1997 24.19
1998 24.12
1999 25.13
2000 25.92
2001 27.09
2002 26.00
2003 26.60
2004 26.57
2005 27.02
2006 26.97
2007 26.42
2008 26.61
2009 24.50
2010 23.32
2011 22.72
2012 23.45
2013 24.47
2014 24.38
2015 24.52
2016 24.87
2017 24.82
2018 25.82
2019 26.08

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