Romania and Ireland have lowest share of taxes in GDP

The share of taxes in the gross domestic product (GDP), namely the amount of taxes and social contributions collected by the state seen as a percentage of the GDP, amounted to an average of 40% in the European Union last year. The lowest shares were recorded in Ireland (24.4%) and Romania (28%), according to data from EU’s statistical office Eurostat. At the opposite end, France and Denmark had the highest tax-to-GDP ratios, of 47.9%, respectively 47.6%. In 2014, the share of taxes in the GDP in Romania amounted to 27.5%. In most EU member states the percentage increased in 2015, including in Romania. However, when compared to 2005, the tax-to-GDP ratio in Romania was slightly lower in 2015 while the EU average went up compared to ten years ago. editor@romania-insider.com