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

Taxes on goods and services (% of revenue) in Italy was 24.26 as of 2019. Its highest value over the past 46 years was 34.01 in 1974, while its lowest value was 21.07 in 2009.

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
1973 33.84
1974 34.01
1975 30.17
1976 29.46
1977 28.89
1978 25.36
1979 25.70
1980 26.36
1981 25.71
1982 24.44
1983 25.00
1984 26.01
1985 25.27
1986 24.04
1987 23.97
1988 30.24
1989 30.19
1995 22.44
1996 21.19
1997 21.35
1998 24.41
1999 24.71
2000 24.63
2001 23.51
2002 23.75
2003 22.89
2004 23.42
2005 23.77
2006 23.68
2007 22.75
2008 21.65
2009 21.07
2010 22.76
2011 23.36
2012 23.57
2013 23.37
2014 24.22
2015 23.91
2016 24.25
2017 24.44
2018 24.46
2019 24.26

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