Tax-to-GDP Ratio
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A Tax-to-GDP Ratio is a ratio measure between government tax collected to GDP.
- Context:
- It can (typically) be a National Tax-To-GDP Ratio.
- Example(s):
- See: Tax Rate.
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%. ...
- 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.
2017
- https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_to_GDP_ratio
- QUOTE: This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. Three sources are used, one for each column. The tax percentage for each country listed in the sources has been added to the chart.
2010
- (OECD, 2010) ⇒ OECD. (2010). “Tax revenues stabilise in OECD countries in 2010."
- QUOTE: