Calamos Supports Greece
GreekReporter.comGreek NewsEconomyEurostat‏: Tax Revenue at 39% of GDP in Greece

Eurostat‏: Tax Revenue at 39% of GDP in Greece

GDP_GreeceTax revenue, including social contributions, stood at 39% of GDP in Greece in 2014, up from 33.5% in 2010 and 38.3% in 2013, Eurostat said.
The European Union statistical office reported that the ratio of tax revenue and social contributions to GDP was 41.5% in the Eurozone and 40% in the EU. The ratio of 2014 tax revenue to GDP was highest in Denmark (50.8%), Belgium and France (both at 47.9%), while the lowest shares were recorded in Romania (27.7% of GDP), Bulgaria (27.8%), Lithuania (28.0%) and Switzerland (27.1%).
Between 2013 and 2014, decreases in the tax-to-GDP ratio were observed in eight member-states (Belgium, Bulgaria, the Czech Republic, Luxembourg, Portugal, Slovenia, Sweden and the United Kingdom) as well as Norway and Switzerland. The largest decreases in the tax-to-GDP ratio were observed in Norway (-1.0 percentage points), the Czech Republic (-0.7 pp), the United Kingdom (-0.5 pp), Belgium and Slovenia (both -0.3 pp). For Luxembourg and Switzerland, the observed decreases were very slight (below -0.1 pp). For Portugal, a decrease of -0.2 pp between 2013 to 2014 followed a 2.7 pp increase between 2012 and 2013.
Increases in the tax-to-GDP ratios were observed in twenty member-states as well as Iceland and Serbia. The highest increases of GDP from 2013 to 2014 were recorded by Iceland (2.9 pp), Denmark (from 48.1% to 50.8% of GDP, or approximately 2.75 pp of GDP), Cyprus (2.6 pp), Malta (1.4 pp) and Serbia (1.0 pp). While Cyprus and Malta reported a comparatively low tax-to-GDP ratio, Denmark increased a relatively high tax-to-GDP ratio.
(source: ana-mpa)

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts