This financial metric encompasses a diverse array of government levies imposed on the consumption of goods and services, reflecting the fiscal policies of a country. It includes broad-based taxes such as general sales or value-added taxes, alongside selective excise duties on specific products and specialized levies on various services. Additionally, it captures taxes related to the use of tangible assets and property, alongside those levied on the extraction and production activities within the mineral sector. Notably, it also incorporates profits derived from state-controlled monopolies, thereby providing a comprehensive view of a nation's revenue generation through direct consumption. This indicator is crucial for understanding economic health, consumer behavior, and taxation impacts on businesses and individuals. Source: