Lesotho - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Lesotho was 32.88 as of 2019. Its highest value over the past 37 years was 39.99 in 2009, while its lowest value was 22.94 in 2000.

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1982 28.99
1983 34.96
1984 38.69
1985 35.58
1986 31.70
1987 31.91
1988 30.64
1989 34.20
1991 27.76
1992 28.30
1993 29.67
1994 29.87
1995 28.75
1996 26.96
1997 29.21
1998 25.08
1999 24.72
2000 22.94
2001 25.78
2002 24.19
2003 27.11
2004 28.96
2005 28.57
2006 33.92
2007 39.32
2008 38.26
2009 39.99
2010 30.30
2011 30.21
2012 38.08
2013 35.91
2014 36.33
2015 33.77
2016 29.29
2017 33.02
2018 32.35
2019 32.88

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: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance