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

Taxes on goods and services (% of revenue) in Denmark was 33.90 as of 2019. Its highest value over the past 47 years was 50.20 in 1979, while its lowest value was 33.31 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
1972 43.40
1973 45.81
1974 41.11
1975 43.01
1976 44.62
1977 48.81
1978 49.32
1979 50.20
1980 47.70
1981 47.14
1982 46.02
1983 44.78
1984 43.03
1985 41.96
1986 43.41
1987 42.64
1988 42.49
1989 41.29
1990 41.63
1991 41.09
1992 39.87
1993 38.15
1994 39.27
1995 38.48
1996 38.96
1997 39.86
1998 41.73
1999 41.55
2000 39.74
2001 40.74
2002 42.00
2003 41.58
2004 40.16
2005 39.27
2006 40.41
2007 38.82
2008 37.24
2009 37.41
2010 36.64
2011 36.15
2012 36.19
2013 35.74
2014 33.31
2015 35.97
2016 36.79
2017 36.02
2018 37.18
2019 33.90

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