Lesotho - Taxes on goods and services (% value added of industry and services)

Taxes on goods and services (% value added of industry and services) in Lesotho was 18.77 as of 2019. Its highest value over the past 37 years was 21.20 in 2012, while its lowest value was 4.30 in 1982.

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, and World Bank and OECD value added estimates.

See also:

Year Value
1982 4.30
1983 5.11
1984 4.74
1985 5.32
1986 10.64
1987 10.82
1988 10.97
1989 11.96
1991 16.05
1992 16.86
1993 18.13
1994 16.69
1995 16.48
1996 13.83
1997 16.21
1998 13.34
1999 12.99
2000 12.13
2001 12.80
2002 12.07
2003 13.76
2004 16.26
2005 16.31
2006 19.51
2007 21.18
2008 19.82
2009 20.57
2010 15.70
2011 15.16
2012 21.20
2013 19.32
2014 19.73
2015 17.93
2016 15.42
2017 18.52
2018 17.90
2019 18.77

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance