Norway - Taxes on income, profits and capital gains (% of total taxes)

Taxes on income, profits and capital gains (% of total taxes) in Norway was 47.03 as of 2019. Its highest value over the past 47 years was 59.79 in 2008, while its lowest value was 25.57 in 1973.

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 30.91
1973 25.57
1974 27.33
1975 26.27
1976 27.10
1977 26.59
1978 27.97
1979 31.97
1980 40.05
1981 41.97
1982 41.01
1983 38.57
1984 39.83
1985 38.05
1986 33.28
1987 27.59
1988 28.29
1989 27.78
1990 31.64
1991 33.26
1992 27.66
1993 28.31
1994 29.09
1995 33.00
1996 36.45
1997 36.50
1998 34.82
1999 37.57
2000 49.43
2001 48.81
2002 50.31
2003 49.28
2004 53.16
2005 56.39
2006 57.76
2007 55.49
2008 59.79
2009 53.40
2010 54.78
2011 57.85
2012 57.56
2013 54.00
2014 50.35
2015 45.72
2016 42.64
2017 44.36
2018 48.39
2019 47.03

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