Euro area | Tax revenue (% of GDP)

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. 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.
Publisher
The World Bank
Origin
Euro area
Records
63
Source
Euro area | Tax revenue (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 13.94737358
1973 14.17826138
1974 14.26115165
1975 13.84229493
1976 14.53087878
1977 14.68178703
1978 14.83409016
1979 14.92186593
1980 15.33789173
1981 15.35093445
1982 15.53662303
1983 15.94213371
1984 16.04375418
1985 16.16356685
1986 16.68484742
1987 16.82207994
1988 16.9559192
1989 17.13498369
1990 17.06603029
1991 17.92853951
1992 18.02585198
1993 17.89693524
1994 17.81514681
1995 18.55290435
1996 18.71499474
1997 19.13682599
1998 19.46931643
1999 19.93443793
2000 19.74619988
2001 19.34466669
2002 18.94592796
2003 18.73483746
2004 18.46040424
2005 18.63318485
2006 19.02293477
2007 19.13236729
2008 18.99829987
2009 18.4804938
2010 18.66641058
2011 18.80045397
2012 18.5096589
2013 18.97997458
2014 19.02618714
2015 18.92322765
2016 18.83577115
2017 19.00832391
2018 19.15667349
2019 19.21133978
2020 18.87933531
2021 19.23959369
2022

Euro area | Tax revenue (% of GDP)

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. 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.
Publisher
The World Bank
Origin
Euro area
Records
63
Source