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Eurostat: Romania - second lowest tax-to-GDP ratio in 2016

Tax-to-GDP ratio, calculated by Eurostat, means the sum of taxes and net social contributions as a percentage of Gross Domestic Product (GDP).

Eurostat: Romania - second lowest tax-to-GDP ratio in 2016

Articol de Radiojurnal, 08 Decembrie 2017, 11:19

Romania had the second lowest tax-to-GDP ratio in the EU in 2016 (26 %), according to Eurostat. Ireland had the lowest tax rate in 2016, followed by Romania and Bulgaria.

Tax-to-GDP ratio - calculated by Eurostat - means the sum of taxes and net social contributions as a percentage of Gross Domestic Product (GDP).

The highest share of taxes and social contributions in percentage of GDP in 2016 was recorded in France (47.6%), Denmark (47.3%), Belgium (46,8%), followed by Sweden (44.6%), Finland (44.3%), Austria and Italy (both 42.9%) as well as Greece (42.1%).

For the EU as a whole, the tax revenue and Gross Domestic Product ratio was 40% in 2016, up from 39.7% in 2015.

In the Eurozone, revenues obtained from taxes represented 41.3 percent in 2016, slightly increased compared to 2015.

Source:RRA.Translated by Miruna Matei

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