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General government revenue in % of GDP


Tuvalu is the top country by general government revenue (% of GDP) in the world. As of 2017, general government revenue (% of GDP) in Tuvalu was 122.2 %. The top 5 countries also includes Kiribati, Nauru, Micronesia (Federated States of), and Marshall Islands.

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What is general government revenue (% of GDP)?

Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of non-financial and financial assets or incurrence of liabilities.