Central Europe and the Baltics - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Central Europe and the Baltics was 36.18 as of 2019. Its highest value over the past 28 years was 37.76 in 2011, while its lowest value was 25.06 in 1991.

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
1991 25.06
1992 27.40
1993 29.77
1994 32.09
1995 29.99
1996 30.33
1997 31.07
1998 32.62
1999 33.19
2000 33.25
2001 33.92
2002 33.92
2003 34.30
2004 35.52
2005 37.11
2006 36.35
2007 34.62
2008 33.45
2009 34.41
2010 36.37
2011 37.76
2012 36.79
2013 36.63
2014 36.95
2015 36.41
2016 36.44
2017 36.61
2018 36.77
2019 36.18

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