Tax-to-GDP ratio has seen a slight decline across the EU in 2023. However, trends varied significantly amongst different countries.
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00:00Which EU countries have the highest tax-to-GDP ratio?
00:10Tax-to-GDP ratio is the weight of taxes and net social contributions on a country's gross domestic product.
00:19This value varies significantly across Europe.
00:24The highest rates of taxes and social contributions compared to GDP are currently in France, Belgium and Denmark.
00:34That's according to the latest Eurostat data.
00:38On the contrary, the lowest ratios were reported in Ireland, 22.7%, Romania, 27% and Malta, 27.1%.
00:51The EU average for 2023 was 40%, just 0.7% down from the previous year.
01:00Tax-to-GDP ratio went up in 11 EU countries between 2022 and 2023.
01:08The biggest increases took place in Cyprus, plus 2.9%, Luxembourg, plus 2.6%, Ireland, plus 1.6% and Denmark, plus 1.5%.
01:24While Greece, France and Germany saw the biggest reductions.