Tax-to-GDP Ratio

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A Tax-to-GDP Ratio is a ratio measure between government tax collected to GDP.



References

2017

  • https://www.investopedia.com/terms/t/tax-to-gdp-ratio.asp
    • QUOTE: The tax-to-GDP ratio is the ratio of tax collected compared to national gross domestic product (GDP). Some countries aim to increase the tax-to-GDP ratio by a certain percentage to address deficiencies in their budgets. In states where tax revenue has gone up significantly in comparison to GDP, policymakers may decide to increase the percentage of tax revenue they apply towards foreign debt or other programs.

      Some countries have a high tax-to-GDP ratio; Sweden, for example, had a tax-to-GDP ratio of 35% as of 2014. Estonia, on the other hand, had a very low 1% tax-to-GDP ratio in 2014. As of 2014, the U.S. tax-to-GDP ratio was 11.7%. ...

2017

2010