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

Taxes on goods and services (% of revenue) in Uruguay was 28.14 as of 2019. Its highest value over the past 47 years was 51.06 in 2007, while its lowest value was 25.27 in 1972.

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 25.27
1973 34.00
1974 38.72
1975 48.18
1976 43.66
1977 42.68
1978 42.24
1979 41.56
1980 43.34
1981 43.90
1982 43.19
1983 39.24
1984 43.41
1985 44.72
1986 43.61
1987 41.37
1988 43.23
1989 43.64
1990 36.37
1991 36.00
1992 36.58
1993 30.27
1994 29.90
1995 33.01
1996 33.64
1997 41.08
1998 40.20
1999 43.17
2000 35.14
2001 45.46
2002 45.75
2003 49.09
2004 50.81
2005 50.65
2006 50.62
2007 51.06
2008 47.76
2009 40.55
2010 39.90
2011 36.55
2012 36.09
2013 33.77
2014 33.46
2015 33.11
2016 27.24
2017 30.47
2018 28.23
2019 28.14

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