Bahrain - Taxes on goods and services (current LCU)

The value for Taxes on goods and services (current LCU) in Bahrain was 32,800,000 as of 2004. As the graph below shows, over the past 30 years this indicator reached a maximum value of 32,800,000 in 2004 and a minimum value of 1,200,000 in 1974.

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.

Year Value
1974 1,200,000
1975 2,000,000
1976 4,200,000
1977 5,800,000
1978 3,800,000
1979 5,700,000
1980 6,100,000
1981 8,100,000
1982 10,900,000
1983 12,300,000
1984 14,900,000
1985 17,600,000
1986 17,500,000
1987 16,300,000
1988 16,600,000
1989 19,000,000
1990 18,700,000
1991 18,500,000
1992 21,700,000
1993 26,400,000
1994 24,400,000
1995 30,200,000
1996 28,400,000
1997 23,800,000
1998 22,300,000
1999 23,100,000
2000 25,300,000
2001 24,300,000
2002 26,200,000
2003 30,700,000
2004 32,800,000

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