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

Taxes on goods and services (% of revenue) in Peru was 35.59 as of 2019. Its highest value over the past 47 years was 55.36 in 1985, while its lowest value was 32.69 in 1972.

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
1972 32.69
1973 32.69
1974 35.82
1975 35.96
1976 41.23
1977 41.51
1978 46.39
1979 41.38
1980 37.19
1981 41.30
1982 47.08
1983 51.71
1984 47.29
1985 55.36
1986 46.99
1987 52.19
1988 50.87
1989 54.47
1990 49.90
1991 53.17
1992 50.67
1993 48.90
1994 50.20
1995 45.61
1996 42.53
1997 42.86
1998 41.84
1999 41.71
2000 39.97
2001 40.74
2002 43.60
2003 44.53
2004 44.77
2005 40.49
2006 36.68
2007 35.89
2008 37.13
2009 39.29
2010 39.06
2011 36.15
2012 35.07
2013 35.87
2014 36.01
2015 37.87
2016 35.39
2017 35.34
2018 36.47
2019 35.59

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