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Taxation. This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product ( GDP) for the listed countries. The tax percentage for each country listed in the source has been added to the chart.
Among the top ten highest ratios of taxes to GDP, three are in Europe (Denmark, the United Kingdom, and Sweden ), three are in Africa (Seychelles, Lesotho, and Namibia ), and three are in the Pacific Islands/ Australia region (Nauru, Kiribati, and New Zealand ), with Barbados representing the Caribbean.
Charts. Composition of tax revenues. Government revenues as a share of GDP IMF. Government revenues as a share of GDP World Bank. Government revenues as a share of national income. Income inequality: Gini coefficient before and after tax World Bank (via UN SDG) Number of countries having implemented value added taxes.
- Tax-To-Gdp Ratio: Comparing Tax Systems Around The World
- What Is The Tax-To-Gdp Ratio?
- Ranked: The Tax-To-Gdp Ratios of OECD Countries
Taxes are an important source of revenue for most countries. In fact, taxes provide around 50%or more of government funds in almost every country in the world. How does each country’s tax system compare to one another? This question is tricky to answer. Since countries’ populations and economies differ greatly, measuring total tax revenueis not the...
The tax-to-GDP ratio compares a country’s tax revenue to the size of its economy, which in this case is measured by its GDP. The higher the ratio, the higher the proportion of money that goes to government coffers. If managed effectively, this can support the long-term health and prosperity of an economy. According to research conducted by the Inte...
The dataset used for this graphic looks at 35 of the 37 OECD countries, since recent data for Australia and Japan was not available. At 46.3%, Denmark has the highest ratio on the list. The country puts its relatively high tax revenue to use, particularly when it comes to subsidizing post-secondary education—in Denmark, university is freefor all EU...
- Carmen Ang
Tax revenue (% of GDP) International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
(Top) Table. See also. Notes. References. List of countries by GDP (nominal) Largest economies in the world by GDP (nominal) in 2024. according to International Monetary Fund estimates [n 1] [1] Countries by nominal GDP in 2019 [n 2] Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2]
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Mar 18, 2024 · Developed countries raise tax revenue through individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes—the combination of which determines how distortionary or neutral a tax system is. For example, taxes on income can do more economic harm than taxes on consumption and property.
