European Union - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in European Union was 33.53 as of 2019. Its highest value over the past 46 years was 35.13 in 2016, while its lowest value was 25.61 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
1973 33.78
1974 32.51
1975 30.17
1976 29.46
1977 28.89
1978 29.19
1979 30.19
1980 29.64
1981 29.71
1982 29.60
1983 29.84
1984 29.41
1985 29.78
1986 29.57
1987 29.65
1988 30.24
1989 29.73
1990 30.97
1991 25.61
1992 27.40
1993 28.39
1994 32.05
1995 29.99
1996 30.33
1997 31.07
1998 31.64
1999 32.27
2000 31.92
2001 32.39
2002 32.55
2003 33.02
2004 34.37
2005 35.11
2006 34.58
2007 33.83
2008 33.25
2009 33.27
2010 33.85
2011 34.03
2012 34.26
2013 33.70
2014 33.14
2015 34.14
2016 35.13
2017 33.83
2018 33.30
2019 33.53

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