South Asia - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in South Asia was 45.73 as of 2018. Its highest value over the past 28 years was 45.73 in 2018, while its lowest value was 27.61 in 2008.

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
1990 35.89
1991 34.48
1992 38.11
1993 35.84
1994 38.39
1995 36.45
1996 34.83
1997 33.84
1998 33.93
1999 33.28
2000 32.15
2001 31.32
2002 31.35
2003 31.73
2004 31.11
2005 32.32
2006 28.61
2007 28.18
2008 27.61
2009 28.76
2010 29.74
2011 30.96
2012 29.09
2013 28.59
2014 28.22
2015 31.29
2016 32.93
2017 40.58
2018 45.73

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: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance