Uruguay - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Uruguay was 18.15 as of 2019. Its highest value over the past 47 years was 21.82 in 2016, while its lowest value was 10.45 in 1973.

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
1972 13.68
1973 10.45
1974 12.71
1975 12.24
1976 15.52
1977 15.85
1978 16.02
1979 14.45
1980 15.83
1981 16.74
1982 14.01
1983 15.12
1984 13.87
1985 15.95
1986 16.76
1987 15.97
1988 15.19
1989 14.53
1990 16.20
1991 16.79
1992 17.24
1993 19.39
1994 19.03
1995 16.88
1996 17.35
1997 16.78
1998 16.98
1999 15.28
2000 14.70
2001 15.31
2002 15.78
2003 17.21
2004 17.85
2005 17.90
2006 18.99
2007 18.41
2008 18.24
2009 18.72
2010 18.89
2011 19.10
2012 18.82
2013 19.04
2014 18.56
2015 18.51
2016 21.82
2017 18.29
2018 18.56
2019 18.15

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