Romania - Revenue, excluding grants (% of GDP)

Revenue, excluding grants (% of GDP) in Romania was 29.73 as of 2019. Its highest value over the past 38 years was 48.29 in 1989, while its lowest value was 25.33 in 1996.

Definition: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1981 41.75
1982 35.12
1983 30.80
1984 35.39
1985 44.14
1986 46.78
1987 47.79
1988 42.48
1989 48.29
1990 34.43
1991 35.75
1992 36.08
1993 31.86
1994 29.89
1995 27.25
1996 25.33
1997 25.87
1998 28.53
1999 30.18
2000 31.12
2001 30.01
2002 30.59
2003 30.66
2004 30.68
2005 30.86
2006 31.45
2007 32.69
2008 30.69
2009 28.58
2010 30.69
2011 31.35
2012 31.33
2013 30.61
2014 31.56
2015 32.88
2016 29.69
2017 28.82
2018 30.02
2019 29.73

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