Dominican Republic - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Dominican Republic was 51.86 as of 2019. Its highest value over the past 47 years was 57.82 in 2008, while its lowest value was 16.15 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.

See also:

Year Value
1972 19.30
1973 18.34
1974 16.75
1975 16.15
1976 21.96
1977 23.64
1978 23.94
1979 25.15
1980 22.06
1981 26.08
1982 33.37
1983 31.51
1984 33.96
1985 34.42
1986 34.74
1987 26.00
1988 21.23
1989 20.16
1990 22.97
1991 21.01
1992 26.15
1993 28.34
1994 33.98
1995 34.19
1996 34.03
1997 34.81
1998 35.68
1999 30.16
2000 25.65
2001 35.35
2002 35.61
2003 41.91
2004 41.21
2005 47.88
2006 53.90
2007 55.76
2008 57.82
2009 57.14
2010 57.10
2011 57.15
2012 54.66
2013 54.99
2014 52.70
2015 42.67
2016 48.98
2017 49.11
2018 52.06
2019 51.86

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