Tax revenue in the European Union
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Tax revenue in the European Union

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8 pages
English
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Description

Economy and finance
Taxation
Target audience: Specialised/Technical

Informations

Publié par
Nombre de lectures 11
Langue English

Extrait

Economy and finance Author: Alessandro LUPI
S t a t i s t i c s i n f o c u s 43/2009
Tax revenue in the European Union
EU27 tax revenuetoGDP ratio remained stable at 40.9% in 2007
EU27 tax revenue (including social contributions) of 1 general government stabilised in 2007 at 40.9% of GDP, accounting for over 90% of total government revenue. In the euro area (EA16), on the other hand, tax revenue increased slightly, reaching 41.6% of GDP in 2007.
Denmark and Sweden registered the highest levels of tax revenue, amounting to around half of their GDP in 2007, while generally lower levels were observed in the new EU Member States (those that have joined the EU since 2004).
The ratio of tax revenue to GDP in the EU27 in 2007 was 0.8 percentage points higher than its low of 40.1% in 2004. The increase recorded in recent years was not strong enough to restore the ratio to its 1999 level (see Figure 1). During the past nine years, Member States experienced different movements in
the level of tax revenue. The largest increases were observed in Cyprus (from 28.0% in 1999 to 41.6% in 2007) and Malta (from 28.7% to 36.1%), while the biggest reduction was recorded in Slovakia (from 35.5% to 29.7%).
EU27 tax revenue in 2007 was almost equally split between taxes on production and imports (33.8%), social contributions (33.1%) and current taxes on income, wealth, etc. (32.7%). In the new EU Member States there is generally less reliance on direct taxes as a form of government revenue than in the EU27 as a whole. 1 For detailed information on the definitions of tax revenue and government see the methodological notes at the end of this document.
Figure 1: Total tax revenue in the EU27 and euro area as a percentage of GDP, 19992007
43.0
42.5
42.0
41.5
41.0
40.5
40.0
39.5
1999
2000
2001
EU-27
2002
2003
2004
2005
EA-16
2006
2007
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