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

Taxes on goods and services (% of revenue) in Belgium was 26.86 as of 2019. Its highest value over the past 24 years was 26.89 in 1999, while its lowest value was 24.08 in 2014.

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
1995 25.44
1996 26.13
1997 26.20
1998 25.86
1999 26.89
2000 26.74
2001 25.62
2002 24.23
2003 24.59
2004 25.14
2005 25.26
2006 25.35
2007 25.41
2008 24.44
2009 25.12
2010 25.38
2011 24.73
2012 24.97
2013 24.30
2014 24.08
2015 24.85
2016 26.53
2017 26.08
2018 25.95
2019 26.86

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