Hungary - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Hungary was 37.55 as of 2019. Its highest value over the past 38 years was 40.87 in 1982, 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
1981 38.32
1982 40.87
1983 38.72
1984 32.59
1985 31.82
1986 29.61
1987 31.09
1988 40.21
1989 32.40
1990 31.33
1991 25.61
1992 27.40
1993 27.56
1994 26.78
1995 29.27
1996 28.83
1997 31.11
1998 33.50
1999 34.59
2000 35.45
2001 33.92
2002 33.78
2003 36.01
2004 38.22
2005 37.21
2006 35.23
2007 34.48
2008 32.02
2009 33.46
2010 37.18
2011 37.76
2012 37.50
2013 36.95
2014 36.95
2015 36.41
2016 36.43
2017 36.61
2018 37.68
2019 37.55

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