Economy
#taxation Tax-to-GDP ratio in 2014 varied by almost 1 to 2 across member states
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, stood at 40.0% in the European Union in 2014, compared with 39.9% in 2013. In the eurozone, tax revenue accounted in 2014 for 41.5% of GDP, up from 41.2% in 2013. Over recent years, the tax-to-GDP ratio in both zones has increased continuously since its low point in 2010.
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