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

Taxes on goods and services (% of revenue) in Guatemala was 55.35 as of 2019. Its highest value over the past 29 years was 62.77 in 1999, while its lowest value was 34.26 in 1991.

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
1990 40.95
1991 34.26
1992 37.05
1993 43.67
1994 48.29
1995 46.18
1996 52.12
1997 55.41
1998 61.37
1999 62.77
2000 60.28
2001 53.21
2002 55.20
2003 55.99
2004 57.87
2005 51.69
2006 56.35
2007 58.54
2008 58.14
2009 56.39
2010 57.02
2011 56.25
2012 56.70
2013 56.21
2014 53.62
2015 55.17
2016 52.21
2017 53.95
2018 54.83
2019 55.35

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