Lithuania - Taxes on goods and services (% value added of industry and services)

Taxes on goods and services (% value added of industry and services) in Lithuania was 12.92 as of 2019. Its highest value over the past 24 years was 15.66 in 1998, while its lowest value was 12.18 in 2004.

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, and World Bank and OECD value added estimates.

See also:

Year Value
1995 13.34
1996 12.81
1997 15.45
1998 15.66
1999 15.36
2000 13.82
2001 13.47
2002 13.70
2003 12.73
2004 12.18
2005 12.47
2006 12.58
2007 13.02
2008 12.94
2009 12.60
2010 13.00
2011 12.82
2012 12.32
2013 12.19
2014 12.40
2015 12.98
2016 12.98
2017 13.07
2018 12.86
2019 12.92

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance