Denmark - Taxes on goods and services (% value added of industry and services)

Taxes on goods and services (% value added of industry and services) in Denmark was 15.80 as of 2019. Its highest value over the past 47 years was 21.30 in 1986, while its lowest value was 15.49 in 1975.

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, and World Bank and OECD value added estimates.

See also:

Year Value
1972 17.30
1973 17.30
1974 15.78
1975 15.49
1976 16.33
1977 17.95
1978 19.16
1979 20.09
1980 19.52
1981 19.29
1982 18.45
1983 18.79
1984 19.18
1985 19.38
1986 21.30
1987 20.45
1988 20.29
1989 19.17
1990 18.54
1991 17.66
1992 17.61
1993 17.65
1994 18.36
1995 17.71
1996 18.30
1997 18.39
1998 19.39
1999 19.32
2000 18.21
2001 18.22
2002 18.39
2003 18.10
2004 18.38
2005 18.77
2006 18.67
2007 19.11
2008 17.58
2009 17.36
2010 17.16
2011 17.23
2012 17.36
2013 17.02
2014 16.65
2015 16.56
2016 16.58
2017 16.40
2018 16.47
2019 15.80

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