Seychelles - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Seychelles was 34.96 as of 2018. Its highest value over the past 33 years was 36.79 in 1989, while its lowest value was 22.37 in 2008.

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
1985 30.66
1986 31.96
1987 34.86
1988 35.99
1989 36.79
1993 35.36
1994 31.97
1995 27.64
1996 26.94
1997 26.96
1998 26.44
1999 27.22
2000 26.08
2005 27.30
2006 24.69
2007 23.25
2008 22.37
2009 25.24
2010 27.85
2011 31.49
2012 30.41
2013 28.07
2014 30.08
2015 29.60
2016 31.69
2017 31.99
2018 34.96

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