As a developing country, Indonesia has a relatively low tax revenue ratio compared to its national Gross Domestic Product (GDP). Data from the Ministry of Finance shows that Indonesia's tax ratio is 12.7% of GDP. This figure is significantly lower than the tax ratios of Australia and South Africa, which reach 27%, as well as other countries in Southeast Asia.
For information, the outlook for tax revenue until the end of 2018 reached Rp 1,350.93 trillion, a growth of 17.37% from the 2017 realization of Rp 1,151.03 trillion, but 5.13% lower than the 2018 State Budget target. Meanwhile, based on the realization until the end of November, tax revenue reached Rp 1,136.62 trillion, a growth of 15.35% from the previous year's realization.
Based on data from the Central Bureau of Statistics, Indonesia's GDP in the third quarter of 2018, at current prices, reached Rp 3,836 trillion. Thus, the cumulative total for the first to third quarters of this year reached Rp 11,028 trillion. Meanwhile, Indonesia's economy in 2017 reached Rp 13,589 trillion.