Jamaica - Tax revenue (% of GDP)

Tax revenue (% of GDP) in Jamaica was 27.45 as of 2019. Its highest value over the past 31 years was 27.45 in 2019, while its lowest value was 19.91 in 1997.

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
1988 23.48
1989 24.49
1990 23.49
1991 23.08
1992 23.47
1993 21.33
1994 21.10
1995 21.74
1996 20.11
1997 19.91
1998 20.85
1999 21.89
2000 22.49
2001 21.41
2002 21.86
2003 24.07
2004 24.17
2005 23.22
2006 24.01
2007 24.79
2008 24.68
2009 24.96
2010 24.28
2011 23.36
2012 24.33
2013 24.01
2014 24.05
2015 24.82
2016 26.03
2017 26.22
2018 26.78
2019 27.45

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