The tax-to-GDP ratio in EU varied almost 100%Staff writer ▼ | January 18, 2016
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, stood at 40.0% in the European Union (EU) in 2014, compared with 39.9% in 2013.
Taxation in EU In Denmark the highest, in Latvia the lowest
The tax-to-GDP ratio varies significantly between Member States, with the highest share of taxes and social contributions in percentage of GDP in 2014 being recorded in Denmark (50.8%), followed by Belgium and France (both 47.9%), Finland (44%), Austria (43.8%), Italy and Sweden (both 43.7%).
At the opposite end of the scale, Romania (27.7%), Bulgaria (27.8%), Lithuania (28.0%) and Latvia (29.2%) registered the lowest ratios. ■