New Zealand - Tax revenue (% of GDP)

Tax revenue (% of GDP) in New Zealand was 28.16 as of 2019. Its highest value over the past 47 years was 33.25 in 1987, while its lowest value was 24.47 in 1972.

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
1972 24.47
1973 26.05
1974 28.36
1975 27.98
1976 27.56
1977 29.60
1978 28.21
1979 29.16
1980 29.32
1981 30.05
1982 30.51
1983 28.31
1984 28.66
1985 29.69
1986 30.18
1987 33.25
1988 32.70
2001 28.56
2002 28.21
2003 29.25
2004 29.26
2005 30.31
2006 31.99
2007 30.11
2008 31.53
2009 29.69
2010 26.15
2011 25.67
2012 26.91
2013 26.72
2014 26.85
2015 27.42
2016 27.27
2017 27.28
2018 27.43
2019 28.16

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