Philippines - Customs and other import duties (% of tax revenue)

Customs and other import duties (% of tax revenue) in Philippines was 22.29 as of 2019. Its highest value over the past 29 years was 33.37 in 1993, while its lowest value was 18.24 in 1998.

Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1990 28.40
1991 33.00
1992 32.51
1993 33.37
1994 28.21
1995 31.43
1996 28.42
1997 23.00
1998 18.24
1999 20.04
2000 20.65
2001 20.25
2002 18.96
2003 19.28
2004 20.24
2005 20.09
2006 23.04
2007 22.45
2008 24.80
2009 22.44
2010 23.70
2011 22.05
2012 21.30
2013 19.86
2014 21.48
2015 20.24
2016 20.01
2017 20.36
2018 23.12
2019 22.29

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance