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

Taxes on goods and services (% of revenue) in Mexico was 31.11 as of 2019. Its highest value over the past 47 years was 73.33 in 1983, while its lowest value was 21.41 in 2013.

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 32.76
1973 36.76
1974 40.00
1975 43.28
1976 38.82
1977 38.17
1978 35.71
1979 35.99
1980 50.37
1981 53.20
1982 57.30
1983 73.33
1984 72.34
1985 71.75
1986 64.45
1987 67.39
1988 61.64
1989 55.90
1990 56.05
1991 54.60
1992 49.61
1993 48.56
1994 47.89
1995 54.30
1996 56.94
1997 59.60
1998 58.83
1999 57.82
2000 62.13
2008 21.79
2009 24.62
2010 25.53
2011 23.03
2012 22.98
2013 21.41
2014 25.41
2015 30.17
2016 30.40
2017 27.25
2018 29.06
2019 31.11

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