When measured as a percentage of gross domestic product, tax revenue in the European Union has stagnated for the past two decades, with revenues as a share of GDP standing at 19.8 percent in 2021. Tax revenues had risen consistently from the 1970s until the late 1990s, when revenues peaked at 20.52 percent in 1999. After this high-point, tax revenues slumped to around 19 percent of GDP by 2004, since which they have been on an upward trend, notwithstanding fluctuations.
Annual tax revenue as a share of gross domestic product (GDP) in the European Union from 1973 to 2021
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World Bank. (February 20, 2024). Annual tax revenue as a share of gross domestic product (GDP) in the European Union from 1973 to 2021 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1455776/tax-revenue-as-a-percentage-of-gdp-eu/
World Bank. "Annual tax revenue as a share of gross domestic product (GDP) in the European Union from 1973 to 2021 ." Chart. February 20, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1455776/tax-revenue-as-a-percentage-of-gdp-eu/
World Bank. (2024). Annual tax revenue as a share of gross domestic product (GDP) in the European Union from 1973 to 2021 . Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1455776/tax-revenue-as-a-percentage-of-gdp-eu/
World Bank. "Annual Tax Revenue as a Share of Gross Domestic Product (Gdp) in The European Union from 1973 to 2021 ." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/1455776/tax-revenue-as-a-percentage-of-gdp-eu/
World Bank, Annual tax revenue as a share of gross domestic product (GDP) in the European Union from 1973 to 2021 Statista, https://www.statista.com/statistics/1455776/tax-revenue-as-a-percentage-of-gdp-eu/ (last visited December 21, 2024)
Annual tax revenue as a share of gross domestic product (GDP) in the European Union from 1973 to 2021 [Graph], World Bank, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/1455776/tax-revenue-as-a-percentage-of-gdp-eu/
