Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research.

Taxes paid by companies remain a key source of government revenues, especially in developing countries, despite the worldwide trend of falling corporate tax rates over the past two decades, according to a new report from the OECD.

Indonesia’s government needs more revenue to fund spending that can boost GDP growth, raise well-being and reduce poverty.

The average tax-to-GDP ratio in Latin America and the Caribbean rose to 22.8% in 2017, a gain of 0.2 percentage points from 2016, according to Revenue Statistics in Latin America and the Caribbean 2019. The report finds that the rebound was primarily driven by Caribbean countries and in particular Guyana and Barbados, on the back of tax policy and administration reforms.

Tax-to-GDP ratios increased in the majority of Asian and Pacific economies covered by a new OECD report published today. Nine of the economies in the publication increased their tax-to-GDP ratios between 2016 and 2017, compared with only three in the preceding year, according to Revenue Statistics in Asian and Pacific Economies 2019.

The 2019 edition of the tax policy publication Revenue Statistics in Africa will be launched on Tuesday, 19 November, during the African Union’s 13th Session of the Committee of Director Generals of National Statistics Offices. The report provides an overview of the main taxation trends from 1990 to 2017 in 26 African economies.

The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at 34.2%, underlining the need for urgent action to enhance domestic revenue mobilisation in Africa.

Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis.

As a result of COVID-19, public life has come to a sudden halt and consumer spending is plummeting. How will this crisis and the policy actions taken in response affect tax revenues? And what lessons can be learned from the previous global financial crisis?

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the Covid-19 pandemic.

The tax-to-GDP ratio in Chile increased by 1.0 percentage points from 20.1% in 2017 to 21.1% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

Chile's tax-to-GDP ratio in 2018 (21.1%) was below the LAC average (23.1%)¹ in this year's Revenue Statistics in Latin America and the Caribbean publication by 2.0 percentage points and below the OECD average (34.3%).

Government Revenues in Angola increased to 3667.80 AOA Billion in 2017 from 3514.50 AOA Billion in 2016. Government Revenues in Angola averaged 2900.15 AOA Billion from 2003 until 2017, reaching an all time high of 5053.80 AOA Billion in 2012 and a record low of 394.90 AOA Billion in 2003. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Angola Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The tax-to-GDP ratio in Denmark decreased by 0.8 percentage points from 45.7% in 2017 to 44.9% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

The tax-to-GDP ratio in the Czech Republic increased by 0.4 percentage points from 34.9% in 2017 to 35.3% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

Australia's tax-to-GDP ratio was 27.8% in 2016* (latest available data), below the OECD average (34.2%) by 6.4 percentage points, and above the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).

The tax-to-GDP ratio in Australia increased by 0.9 percentage points from 27.6% in 2016 to 28.5% in 2017 (latest year available). The corresponding figures for the OECD average were a decrease of 0.2 percentage points from 34.4% to 34.2% over the same period.

The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.

Japan's tax-to-GDP ratio was 30.6% in 2016* (latest available data), below the OECD average (34.2%) by 3.6 percentage points, and above the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).

The tax-to-GDP ratio in Japan increased by 0.7 percentage points from 30.7% in 2016 to 31.4% in 2017 (latest year available). The corresponding figures for the OECD average were a decrease of 0.2 percentage points from 34.4% to 34.2% over the same period.

Government Revenues in Luxembourg increased to 26788.30 EUR Million in 2018 from 24525.60 EUR Million in 2017. Government Revenues in Luxembourg averaged 15166.20 EUR Million from 1995 until 2018, reaching an all time high of 26788.30 EUR Million in 2018 and a record low of 6838.20 EUR Million in 1995. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Luxembourg Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The tax-to-GDP ratio in Austria increased by 0.4 percentage points from 41.8% in 2017 to 42.2% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

In most OECD countries tax revenues are continuing to rise in relation to GDP from the 2008-09 declines seen at the beginning of the crisis, according to OECD’s annual Revenue Statistics. OECD countries collected about 34.0% of GDP in taxes in 2011, compared with 33.8% in 2010.

This annual publication presents detailed country notes and internationally comparable tax data for all OECD countries from 1965 onwards.

The tax-to-GDP ratio in Belgium increased by 0.3 percentage points from 44.5% in 2017 to 44.8% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

Indonesia's tax-to-GDP ratio was 11.5% in 2017, below the OECD average (34.2%) by 22.7 percentage points, and also below the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).

The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities.

Tax revenues in Latin American countries are lower as a proportion of their national incomes than in most OECD countries, but are rising slowly. Revenue Statistics in Latin America shows that the average tax revenue to GDP ratio in the 15 Latin American countries covered by the report increased from 19% in 2009 to 19.4% in 2010, after falling from a high point of 19.7% in 2008.

Tax revenues in Latin American countries continue to rise but are lower as a proportion of their national incomes than in most OECD countries. Revenue Statistics in Latin America 2012 shows that Argentina and Brazil have the highest tax revenue to GDP ratio, while Guatemala and Dominican Republic stand at the lower end.

Brazil's tax-to-GDP ratio in 2018 (33.1%) was above the LAC average (23.1%)¹ in this year's Revenue Statistics in Latin America and the Caribbean publication by 10.0 percentage points and below the OECD average (34.3%).

Reforms over the past two decades have produced a well-balanced, modern tax system. However, considerable revenues will be needed in the years ahead to expand social spending and infrastructure in order to raise growth and well-being. The challenge is to generate these revenues without penalising growth or exacerbating inequality.

This paper assesses the redistribution of foreign direct investments (FDI) and tax revenues among countries due to multinationals’ response to international differences in corporate tax systems.

Tourism Revenues in Algeria increased to 207.30 USD Million in 2017 from 203.20 USD Million in 2016. Tourism Revenues in Algeria averaged 244.16 USD Million from 2008 until 2017, reaching an all time high of 324.50 USD Million in 2008 and a record low of 203.20 USD Million in 2016. This page provides - Algeria Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tax Revenue in Argentina decreased to 389660 ARS Million in April from 443637 ARS Million in March of 2020. Tax Revenue in Argentina averaged 72684.81 ARS Million from 1995 until 2020, reaching an all time high of 527300 ARS Million in January of 2020 and a record low of 2818.66 ARS Million in December of 2001. In Argentina, tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes. This page provides - Argentina Tax Revenue- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Qatar increased to 207915 QAR Million in 2018 from 163272 QAR Million in 2017. Government Revenues in Qatar averaged 63840.64 QAR Million from 1974 until 2018, reaching an all time high of 342973 QAR Million in 2014 and a record low of 5884 QAR Million in 1986. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Qatar Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Cuba increased to 56762.70 CUC Millions in 2018 from 54912.30 CUC Millions in 2017. Government Revenues in Cuba averaged 39253.87 CUC Millions from 2001 until 2018, reaching an all time high of 56762.70 CUC Millions in 2018 and a record low of 15033.50 CUC Millions in 2001. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Cuba Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Iran increased to 2161900 IRR Billion in 2018 from 1459875.40 IRR Billion in 2017. Government Revenues in Iran averaged 496721.08 IRR Billion from 1999 until 2018, reaching an all time high of 2161900 IRR Billion in 2018 and a record low of 31006.10 IRR Billion in 1999. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Iran Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Laos increased to 23943.80 LAK Billion in 2018 from 22615.50 LAK Billion in 2017. Government Revenues in Laos averaged 9735.34 LAK Billion from 1996 until 2018, reaching an all time high of 23943.80 LAK Billion in 2018 and a record low of 275 LAK Billion in 1996. This page provides - Laos Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Bhutan increased to 54666.70 BTN Million in 2018 from 42673.10 BTN Million in 2017. Government Revenues in Bhutan averaged 26296.84 BTN Million from 2002 until 2018, reaching an all time high of 54666.70 BTN Million in 2018 and a record low of 7054.30 BTN Million in 2003. This page provides - Bhutan Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Laos increased to 785.90 USD Million in 2018 from 648.10 USD Million in 2017. Tourism Revenues in Laos averaged 283.86 USD Million from 1993 until 2018, reaching an all time high of 785.90 USD Million in 2018 and a record low of 6.30 USD Million in 1993. This page provides - Laos Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Malaysia increased to 84135.20 MYR Million in 2018 from 82165 MYR Million in 2017. Tourism Revenues in Malaysia averaged 46988.37 MYR Million from 1998 until 2018, reaching an all time high of 84135.20 MYR Million in 2018 and a record low of 8580.50 MYR Million in 1998. This page provides - Malaysia Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in China increased to 5.97 CNY Trillion in 2018 from 5.40 CNY Trillion in 2017. Tourism Revenues in China averaged 5.05 CNY Trillion from 2015 until 2018, reaching an all time high of 5.97 CNY Trillion in 2018 and a record low of 4.13 CNY Trillion in 2015. This page provides - China Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Uruguay increased to 393614.92 USD Thousand in the fourth quarter of 2019 from 294764.40 USD Thousand in the third quarter of 2019. Tourism Revenues in Uruguay averaged 304502.63 USD Thousand from 1996 until 2019, reaching an all time high of 1092908.98 USD Thousand in the first quarter of 2018 and a record low of 40721.01 USD Thousand in the third quarter of 2002. This page provides - Uruguay Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Bhutan decreased to 8.20 USD Million in December from 15.80 USD Million in November of 2019. Tourism Revenues in Bhutan averaged 5.39 USD Million from 2009 until 2019, reaching an all time high of 17.30 USD Million in November of 2018 and a record low of 0.50 USD Million in January of 2010. This page provides - Bhutan Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in the United Kingdom increased to 2310 GBP Million in December from 1940 GBP Million in November of 2019. Tourism Revenues in the United Kingdom averaged 1053.61 GBP Million from 1980 until 2019, reaching an all time high of 3144 GBP Million in August of 2019 and a record low of 126 GBP Million in February of 1981. This page provides - United Kingdom Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Mexico decreased to 2281554.18 USD Thousand in January from 2480978.55 USD Thousand in December of 2019. Tourism Revenues in Mexico averaged 791370.57 USD Thousand from 1980 until 2020, reaching an all time high of 2522955.40 USD Thousand in March of 2019 and a record low of 158919 USD Thousand in October of 1985. In Mexico, Tourism Revenues includes tourism, border area traveling and travelers in cruises. This page provides - Mexico Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Switzerland decreased to 3709.11 CHF Million in the fourth quarter of 2019 from 5020.43 CHF Million in the third quarter of 2019. Tourism Revenues in Switzerland averaged 2953.53 CHF Million from 1983 until 2019, reaching an all time high of 5020.43 CHF Million in the third quarter of 2019 and a record low of 999.10 CHF Million in the fourth quarter of 1983. This page provides - Switzerland Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in the United States decreased to 19723 USD Million in February from 21238 USD Million in January of 2020. Tourism Revenues in the United States averaged 14382.58 USD Million from 1999 until 2020, reaching an all time high of 21793 USD Million in March of 2018 and a record low of 6496 USD Million in October of 2001. Travel and Tourism is the sum of all travel-related exports which include passenger fare receipts and payments, travel spending and medical, education workers spending. The US travel and tourism industry contributed nearly USD1.6 trillion to US economy in 2015 or 2.6 percent of its GDP. Travel and tourism exports accounted for 11 percent of all US exports and 33 percent of all US services exports, positioning travel and tourism as the nation's largest services export. This page provides - United States Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Spain decreased to 3653 EUR Million in January from 3897 EUR Million in December of 2019. Tourism Revenues in Spain averaged 3497.07 EUR Million from 1993 until 2020, reaching an all time high of 9407 EUR Million in August of 2019 and a record low of 833 EUR Million in January of 1993. The tourism sector accounts for around 15 percent of the Spanish GDP. This page provides - Spain Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Portugal decreased to 954.39 EUR Million in February from 991.45 EUR Million in January of 2020. Tourism Revenues in Portugal averaged 701.39 EUR Million from 1996 until 2020, reaching an all time high of 3020.03 EUR Million in August of 2019 and a record low of 199.98 EUR Million in February of 1996. In Portugal, tourism and all travel-related revenues account for about 10 percent of the country's gross domestic product. The tourism sector is also a key source of employment and big component of exports of services. This page provides - Portugal Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.