Denmark - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Denmark was 34.28 as of 2019. Its highest value over the past 47 years was 36.50 in 2014, while its lowest value was 26.49 in 1976.

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 29.01
1973 28.92
1974 29.11
1975 26.72
1976 26.49
1977 27.07
1978 28.14
1979 28.60
1980 28.53
1981 28.05
1982 27.10
1983 27.81
1984 29.01
1985 30.50
1986 32.74
1987 32.22
1988 32.45
1989 31.40
1990 29.72
1991 29.13
1992 29.49
1993 30.85
1994 31.56
1995 31.66
1996 31.88
1997 31.75
1998 32.05
1999 31.93
2000 31.59
2001 30.17
2002 30.12
2003 30.14
2004 31.29
2005 33.07
2006 31.86
2007 35.09
2008 33.42
2009 33.18
2010 32.74
2011 32.75
2012 33.45
2013 33.82
2014 36.50
2015 33.92
2016 33.30
2017 33.40
2018 32.18
2019 34.28

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