South Africa | 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
Republic of South Africa
Records
63
Source
South Africa | Tax revenue (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 15.02706145
1973 15.66954035
1974 15.50688049
1975 16.28742515
1976 16.21160886
1977 17.11741425
1978 17.34111775
1979 17.64883195
1980 17.79657366
1981 17.06284638
1982 18.12792144
1983 17.9500098
1984 19.10036979
1985 20.81317565
1986 20.11717119
1987 19.90587637
1988 20.83862125
1989 23.18883537
1990 21.18745151
1991 20.99614293
1992 18.87998931
1993 19.86883596
1994 19.60437432
1995 20.29552602
1996 20.98463648
1997 21.24983956
1998 21.96394314
1999 21.75993124
2000 20.97606325
2001 21.70059143
2002 20.82489277
2003 20.49276709
2004 21.69859607
2005 22.97211118
2006 24.37808538
2007 24.80723728
2008 24.32280987
2009 21.8948743
2010 22.52060388
2011 22.87467001
2012 23.34576599
2013 23.83139136
2014 24.43193422
2015 25.0486927
2016 24.82835599
2017 24.76928729
2018 24.89489407
2019 24.86734533
2020 23.24316118
2021 25.84779254
2022
South Africa | 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
Republic of South Africa
Records
63
Source