Key information about US Tax revenue: % of GDP

• United States Tax revenue: % of GDP was reported at 16.6 % in Dec 2024.
• This records an increase from the previous number of 16.2 % for Dec 2023.
• US Tax revenue: % of GDP data is updated yearly, averaging 17.0 % from Dec 1968 to 2024, with 57 observations.
• The data reached an all-time high of 19.5 % in 2000 and a record low of 13.7 % in 2009.
• US Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from monthly Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Individual Income Taxes, Corporation Income Taxes, Social Insurance Taxes, Excise Tax, Estate and Gift Taxes and Customs Duties. The Bureau of the Fiscal Service provides Tax Revenue in USD. The Bureau of Economic Analysis provides Nominal GDP in USD.

Key information about EU Tax revenue: % of GDP

• European Union Tax revenue: % of GDP was reported at 25.8 % in Dec 2023.
• This records a decrease from the previous number of 26.5 % for Dec 2022.
• EU Tax revenue: % of GDP data is updated yearly, averaging 25.9 % from Dec 1995 to 2023, with 29 observations.
• The data reached an all-time high of 26.7 % in 2021 and a record low of 24.4 % in 1995.
• EU Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from annual Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Production and Import Tax and Current Taxes on Income Wealth and Etc. Eurostat provides Tax Revenue in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.

In 2023, South Korea's ratio of total taxes to gross domestic product (GDP) was about ** percent, showing a slight decline from the previous year. Although the tax burden relative to GDP has been rising in recent years, it remains below the OECD average.

Key information about Taiwan Tax revenue: % of GDP

• Taiwan Tax revenue: % of GDP was reported at 11.8 % in Dec 2024.
• This records a decrease from the previous number of 12.2 % for Sep 2024.
• Taiwan Tax revenue: % of GDP data is updated quarterly, averaging 13.7 % from Mar 1975 to Dec 2024, with 200 observations.
• The data reached an all-time high of 27.9 % in Jun 2023 and a record low of 7.5 % in Mar 2009.
• Taiwan Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Ministry of Finance provides Tax Revenue in local currency. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Nominal GDP in local currency.

In 2023, tax revenues accounted for ** percent of Brazil's gross domestic product. This represents a decrease from **** percent reported a year earlier. Brazil has one of the highest tax revenue as percentage of GDP in Latin America and the Caribbean.

Key information about Brazil Tax revenue: % of GDP

• Brazil Tax revenue: % of GDP was reported at 16.7 % in Dec 2024.
• This records an increase from the previous number of 15.8 % for Sep 2024.
• Brazil Tax revenue: % of GDP data is updated quarterly, averaging 15.2 % from Sep 1994 to Dec 2024, with 122 observations.
• The data reached an all-time high of 18.2 % in Mar 2022 and a record low of 8.6 % in Sep 1996.
• Brazil Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and monthly Nominal GDP. Special Secretariat of the Federal Revenue of Brazil provides Tax Revenue in local currency and Nominal GDP in local currency based on SNA 2010.

For a long time, governments of all countries have attached great importance to the development of underground economic activities. The reason is that the characteristics of the underground economy are hidden and the information disclosure is not sufficient, which not only distorts the economic data indicators, but more importantly, the existence of the underground economy has led to the loss of a large amount of tax base, affecting the long-term economic development of the country. Whether raising the tax burden rate boosts the tax revenue or expand the scale of the underground economy. In this paper, we use Kuznet Tax Curve (KTC) method to analyze the relationship between GDP and TTR/DTR/ITR. We find that the tax base erosion rate of indirect tax is lower than that of direct tax. In addition, we explore the relationship among economic growth, tax rate and tax revenue and adopt SUR-OLS method and Threshold approach to estimate the response of economic growth on total tax revenue(TTR), direct tax revenue(DTR) and indirect tax revenue (ITR) in Taiwan from 1991-2020. Our empirical research shows that when DTR tax rates are between 12.59% and 13%, an increase in income leads to a decrease, not an increase, in DTR, leading to severe tax base erosion. That is, the relationship between GDP and DTR presents a N-shaped relationship. However, ITR does not exist any tax rate threshold effect. Obviously, with the increase of GDP, ITR also increases. This reflects that the difference of tax structure between direct tax and indirect tax plays a key role in the relationship between tax rate and tax base erosion.

In 2024, the ratio of government revenue to gross domestic product (GDP) in Venezuela was estimated at approximately 14.06 percent. Between 1988 and 2024, the figure dropped by around 9.91 percentage points, though the decline followed an uneven course rather than a steady trajectory.The indicator shows the general government revenue as a share of the national gross domestic product. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. The gross domestic product represents the total value of final goods and services produced during a year.

For a long time, governments of all countries have attached great importance to the development of underground economic activities. The reason is that the characteristics of the underground economy are hidden and the information disclosure is not sufficient, which not only distorts the economic data indicators, but more importantly, the existence of the underground economy has led to the loss of a large amount of tax base, affecting the long-term economic development of the country. Whether raising the tax burden rate boosts the tax revenue or expand the scale of the underground economy. In this paper, we use Kuznet Tax Curve (KTC) method to analyze the relationship between GDP and TTR/DTR/ITR. We find that the tax base erosion rate of indirect tax is lower than that of direct tax. In addition, we explore the relationship among economic growth, tax rate and tax revenue and adopt SUR-OLS method and Threshold approach to estimate the response of economic growth on total tax revenue(TTR), direct tax revenue(DTR) and indirect tax revenue (ITR) in Taiwan from 1991-2020. Our empirical research shows that when DTR tax rates are between 12.59% and 13%, an increase in income leads to a decrease, not an increase, in DTR, leading to severe tax base erosion. That is, the relationship between GDP and DTR presents a N-shaped relationship. However, ITR does not exist any tax rate threshold effect. Obviously, with the increase of GDP, ITR also increases. This reflects that the difference of tax structure between direct tax and indirect tax plays a key role in the relationship between tax rate and tax base erosion.

Tax revenue (% of GDP) in Romania was reported at 16.16 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Romania - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Bangladesh Tax revenue: % of GDP

• Bangladesh Tax revenue: % of GDP was reported at 7.4 % in Dec 2024.
• This records a decrease from the previous number of 7.8 % for Dec 2023.
• Bangladesh Tax revenue: % of GDP data is updated yearly, averaging 8.0 % from Dec 2006 to 2024, with 19 observations.
• The data reached an all-time high of 9.6 % in 2015 and a record low of 7.0 % in 2020.
• Bangladesh Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC shifts year-end for annual Tax Revenue as % of Nominal GDP and calculates it from monthly Tax Revenue and annual Nominal GDP. Bangladesh Bank provides Tax Revenue in local currency. The Bangladesh Bureau of Statistics provides Nominal GDP in local currency. Tax Revenue covers Central Government only. Nominal GDP prior 2016 is based on old classification of data. Nominal GDP is reported in annual frequency, ending in June of each year.

In 2024/25 the value of tax receipts for the United Kingdom amounted to approximately 840 billion British pounds. Tax receipts form the bulk of UK government income, based on various direct and indirect taxes. Although tax income has gradually increased throughout most of this period, there is a noticeable dip in 2020 due to the COVID-19 pandemic. Tax revenue sources Of the revenue generated by taxation in 2024/25, over 301 billion of this came from Income Tax receipts, which was the main source of direct tax income for the government. After income tax, the next most substantial direct tax were contributions from National Insurance, which amounted to just over 172.5 billion pounds of tax revenue. The UK's main goods and services tax; Value-added Tax (VAT) amounted to 170.6 billion pounds, while Corporation Tax receipts raised 91.6 billion pounds. Although other smaller direct and indirect taxes produce notable income, these four sources were by far the main sources of income in the previous financial year. UK government finances While taxes and other sources of income raised more than 1.13 trillion pounds in 2024/25, the UK government expenditure was around 1.28 trillion pounds. This gap between revenue and expenditure was financed via government borrowing, which amounted to almost 152 billion pounds. As the UK government has been spending more than it earns for several years, this has resulted in a significant government debt of 2.8 trillion pounds building up, the equivalent of just under 96 percent of GDP in 2024/25.

Graph and download economic data for Federal Government: Tax Receipts on Corporate Income (FCTAX) from 1929 to 2024 about receipts, tax, federal, corporate, government, income, GDP, and USA.

Key information about Italy Tax revenue: % of GDP

• Italy Tax revenue: % of GDP was reported at 28.3 % in Sep 2024.
• This records a decrease from the previous number of 28.7 % for Jun 2024.
• Italy Tax revenue: % of GDP data is updated quarterly, averaging 27.9 % from Mar 1999 to Sep 2024, with 103 observations.
• The data reached an all-time high of 38.5 % in Dec 2012 and a record low of 21.7 % in Mar 2010.
• Italy Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Direct Taxes, Indirect Taxes and Capital Taxes. Italian National Institute of Statistics provides Tax Revenue in EUR and Nominal GDP in EUR.

Key information about Australia Tax revenue: % of GDP

• Australia Tax revenue: % of GDP was reported at 29.8 % in Dec 2024.
• This records an increase from the previous number of 27.7 % for Sep 2024.
• Australia Tax revenue: % of GDP data is updated quarterly, averaging 28.4 % from Sep 2002 to Dec 2024, with 90 observations.
• The data reached an all-time high of 34.4 % in Jun 2023 and a record low of 22.3 % in Sep 2010.
• Australia Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. The Australian Bureau of Statistics provides Tax Revenue in local currency and Nominal GDP in local currency. Tax Revenue prior to Q3 2017 is based on SNA 2008 GFMS 2001. Tax Revenue prior to Q3 2008 is based on SNA 1993.

Graph and download economic data for Federal government current tax receipts (W006RC1Q027SBEA) from Q1 1947 to Q1 2025 about receipts, tax, federal, government, GDP, and USA.

Tax revenue (% of GDP) in Serbia was reported at 23.9 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Serbia - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Luxembourg Tax revenue: % of GDP

• Luxembourg Tax revenue: % of GDP was reported at 29.4 % in Dec 2023.
• This records an increase from the previous number of 27.6 % for Dec 2022.
• Luxembourg Tax revenue: % of GDP data is updated yearly, averaging 26.7 % from Dec 1995 to 2023, with 29 observations.
• The data reached an all-time high of 29.4 % in 2023 and a record low of 24.4 % in 2015.
• Luxembourg Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from annual Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Taxes on Production and Imports and Current Taxes on Income, Wealth and Others. The Statistics Portal of Luxembourg provides Tax Revenue in EUR and Nominal GDP in EUR.

Tax revenue (% of GDP) in Greece was reported at 26.63 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Greece - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Key information about Philippines Tax revenue: % of GDP

• Philippines Tax revenue: % of GDP was reported at 13.1 % in Dec 2024.
• This records a decrease from the previous number of 15.6 % for Sep 2024.
• Philippines Tax revenue: % of GDP data is updated quarterly, averaging 12.9 % from Mar 1985 to Dec 2024, with 160 observations.
• The data reached an all-time high of 16.8 % in Jun 1997 and a record low of 8.1 % in Sep 1986.
• Philippines Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Bureau of the Treasury provides Tax Revenue in local currency. Philippine Statistics Authority provides Nominal GDP in local currency.