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

Taxes on goods and services (% of revenue) in Thailand was 40.70 as of 2019. Its highest value over the past 47 years was 50.19 in 1983, while its lowest value was 36.86 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
1972 45.14
1973 45.37
1974 45.50
1975 44.20
1976 46.94
1977 47.62
1978 45.95
1979 46.41
1980 46.26
1981 45.22
1982 47.63
1983 50.19
1984 46.20
1985 45.62
1986 47.99
1987 49.47
1988 47.29
1989 46.79
1990 43.35
1991 44.79
1992 42.92
1993 41.15
1994 40.55
1995 40.60
1996 41.67
1997 42.63
1998 47.86
1999 44.78
2000 42.05
2001 38.74
2002 42.27
2003 40.05
2004 40.09
2005 40.12
2006 39.94
2007 39.76
2008 36.86
2009 38.25
2010 40.22
2011 39.45
2012 39.10
2013 42.34
2014 41.72
2015 42.66
2016 42.56
2017 43.39
2018 42.32
2019 40.70

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