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

Taxes on goods and services (% of revenue) in Singapore was 18.11 as of 2019. Its highest value over the past 47 years was 26.21 in 2009, while its lowest value was 13.39 in 1983.

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 17.39
1973 17.58
1974 16.12
1975 14.53
1976 14.69
1977 15.36
1978 15.83
1979 16.84
1980 15.79
1981 13.83
1982 14.21
1983 13.39
1984 13.96
1985 13.78
1986 13.88
1987 14.47
1988 19.48
1989 19.59
1990 16.00
1991 16.19
1992 15.80
1993 15.22
1994 20.17
1995 20.24
1996 16.99
1997 16.79
1998 14.88
1999 16.35
2000 18.04
2001 18.41
2002 18.52
2003 24.75
2004 23.63
2005 23.41
2006 22.21
2007 23.26
2008 21.74
2009 26.21
2010 26.20
2011 25.27
2012 23.72
2013 23.72
2014 23.57
2015 23.17
2016 22.90
2017 19.78
2018 21.09
2019 18.11

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