Denmark - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in Denmark was 47.04 as of 2019. Its highest value over the past 47 years was 48.05 in 2014, while its lowest value was 32.92 in 1983.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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

See also:

Year Value
1972 39.76
1973 43.58
1974 47.09
1975 42.40
1976 39.67
1977 37.79
1978 36.89
1979 35.16
1980 35.20
1981 35.04
1982 34.93
1983 32.92
1984 34.78
1985 36.42
1986 36.97
1987 36.98
1988 38.14
1989 38.35
1990 36.38
1991 37.47
1992 37.15
1993 37.63
1994 38.75
1995 40.89
1996 39.92
1997 40.06
1998 37.96
1999 37.76
2000 38.30
2001 35.16
2002 35.03
2003 35.71
2004 36.57
2005 38.80
2006 37.21
2007 41.96
2008 41.54
2009 42.03
2010 41.26
2011 40.35
2012 41.87
2013 43.24
2014 48.05
2015 45.28
2016 44.67
2017 45.15
2018 42.84
2019 47.04

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