The Slovenia Times

Slovenia above OECD Average in GDP Tax Ratio

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The proportion of tax revenues in GDP is continuing to rise from the declines seen at the onset of the crisis in 2008/09, OECD's annual revenue statistics show.

OECD countries collected about 34% of GDP in taxes in 2011, up 0.2 percentage points from 2010, but still over one point below the pre-crisis levels of 2007.

The average is being kept down by countries with traditionally low tax rates such as Chile, the US, Australia, Switzerland, South Korea and Turkey, whose tax revenues as a proportion of GDP are around 30%.

Taxes and social contributions represented 36.8% per 100 euros generated Slovenia last year, which places the country 11th among the 29 OECD members for which data are available.

The list is topped by Denmark (48.1%), followed by Sweden (44.5%), France (44.2%), Belgium (44%), Finland (43.4%), Norway (43.2%) and Italy (42.9%).
 

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