Portugal - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Portugal was 22.20 as of 2019. Its highest value over the past 46 years was 22.79 in 2015, while its lowest value was 11.49 in 1973.

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
1973 11.49
1974 11.78
1975 12.31
1976 13.84
1977 14.11
1978 13.46
1979 13.77
1980 15.18
1981 16.09
1982 16.59
1983 18.34
1984 18.01
1985 17.62
1986 17.55
1987 15.57
1988 16.99
1989 17.74
1990 17.67
1991 18.29
1992 20.03
1993 18.59
1994 19.35
1995 19.69
1996 20.52
1997 20.26
1998 20.41
1999 20.93
2000 20.88
2001 20.51
2002 20.83
2003 19.88
2004 19.98
2005 20.58
2006 21.13
2007 21.35
2008 21.05
2009 19.06
2010 19.64
2011 21.13
2012 20.77
2013 22.66
2014 22.65
2015 22.79
2016 22.33
2017 22.37
2018 22.65
2019 22.20

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