EU and eurozone tax-to-GDP ratio up in 2024
EU Reporter —
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), stood at 40.4% in the EU in 2024, an increase from 39.9% in 2023. In the euro area, the tax-to-GDP ratio also increased from 40.5% in 2023 to 40.9% in 2024. In absolute terms, in 2024, revenue from taxes and social contributions increased […]