Australia - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Australia was 19.45 as of 2019. Its highest value over the past 47 years was 25.82 in 2003, while its lowest value was 17.91 in 2000.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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

See also:

Year Value
1972 21.90
1973 22.12
1974 21.68
1975 19.06
1976 20.67
1977 19.40
1978 19.41
1979 22.25
1980 23.37
1981 23.03
1982 22.04
1983 23.65
1984 25.30
1985 24.54
1986 23.97
1987 22.73
1988 22.76
1989 21.79
1990 21.42
1991 21.23
1992 20.28
1993 20.15
1994 21.39
1995 21.58
1996 21.49
1997 20.52
1998 20.24
1999 19.29
2000 17.91
2001 24.28
2002 25.43
2003 25.82
2004 25.32
2005 24.18
2006 23.63
2007 23.19
2008 22.56
2009 22.66
2010 24.36
2011 23.97
2012 22.18
2013 23.02
2014 23.49
2015 21.32
2016 21.66
2017 21.11
2018 20.44
2019 19.45

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