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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.
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.
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Nov 9, 2023 · The five countries that fell the furthest in the rankings between 2014 and 2023 are: Chile, which ranked 20 th in 2014, and now ranks 35 th. Colombia, which ranked 24 th in 2014, and currently ranks 38 th. Poland, which ranked 23 rd in 2014, and is now at 33 rd. Belgium, which placed 18 th in 2014, and has now fallen to 27 th.
Feb 26, 2024 · Most of the countries with the highest tax-to-GDP ratio are the countries with the highest income tax rates in the world. Whereas, the countries with the lowest income tax rates in the world...
47.475% (45% income tax + 5.5% solidarity surcharge based on the total tax bill) ... List of countries by tax rates; Tax revenue to GDP ratio; Tax rates in Europe;
Jul 28, 2021 · Out of 35 OECD countries, Denmark has the highest tax-to-GDP ratio at 46.3%, while Mexico ranks last at 16.5% Tax-to-GDP Ratio: Comparing Tax Systems Around the World. 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.
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.
