Tax revenue in Europe & Central Asia
Europe & Central Asia: Tax revenue was 19.7% in 2024. ▲ Rising
Tax revenue in Europe & Central Asia, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, tax revenue in Europe & Central Asia stood at 19.7%.
Compared with earlier readings it is up 0.7% on the previous year and up 1.2% over ten years.
Over the whole period, tax revenue in Europe & Central Asia peaked at 20.0% in 2007 and was at its lowest, 15.6%, in 1973.
Europe & Central Asia ranks 5th of 35 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Tax revenue in Europe & Central Asia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 16.2% | — |
| 1973 | 15.6% | -3.8% |
| 1974 | 16.0% | +2.7% |
| 1975 | 15.8% | -1.1% |
| 1976 | 16.4% | +4.0% |
| 1977 | 16.5% | +0.4% |
| 1978 | 16.4% | -0.8% |
| 1979 | 16.2% | -0.8% |
| 1980 | 16.9% | +4.0% |
| 1981 | 17.1% | +1.3% |
| 1982 | 17.5% | +2.2% |
| 1983 | 17.4% | -0.5% |
| 1984 | 17.4% | -0.2% |
| 1985 | 17.6% | +1.5% |
| 1986 | 18.0% | +1.8% |
| 1987 | 17.9% | -0.6% |
| 1988 | 17.8% | -0.1% |
| 1989 | 17.8% | -0.2% |
| 1990 | 18.2% | +2.0% |
| 1991 | 18.8% | +3.4% |
| 1992 | 18.7% | -0.6% |
| 1993 | 18.3% | -1.8% |
| 1994 | 18.7% | +1.7% |
| 1995 | 18.9% | +1.2% |
| 1996 | 19.0% | +0.6% |
| 1997 | 19.3% | +1.7% |
| 1998 | 19.8% | +2.8% |
| 1999 | 19.6% | -1.1% |
| 2000 | 19.9% | +1.5% |
| 2001 | 19.6% | -1.5% |
| 2002 | 19.1% | -2.6% |
| 2003 | 18.9% | -1.2% |
| 2004 | 18.9% | +0.1% |
| 2005 | 19.5% | +3.3% |
| 2006 | 19.8% | +1.5% |
| 2007 | 20.0% | +1.0% |
| 2008 | 19.6% | -1.9% |
| 2009 | 18.5% | -5.6% |
| 2010 | 18.9% | +2.0% |
| 2011 | 19.1% | +1.2% |
| 2012 | 19.2% | +0.5% |
| 2013 | 19.5% | +1.3% |
| 2014 | 19.5% | +0.0% |
| 2015 | 19.2% | -1.4% |
| 2016 | 19.1% | -0.5% |
| 2017 | 19.3% | +0.9% |
| 2018 | 19.4% | +0.7% |
| 2019 | 19.3% | -0.4% |
| 2020 | 19.0% | -1.7% |
| 2021 | 19.6% | +3.0% |
| 2022 | 19.7% | +0.5% |
| 2023 | 19.6% | -0.5% |
| 2024 | 19.7% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.1% | 15.6% | 16.5% | 8 |
| 1980s | 17.5% | 16.9% | 18.0% | 10 |
| 1990s | 18.9% | 18.2% | 19.8% | 10 |
| 2000s | 19.4% | 18.5% | 20.0% | 10 |
| 2010s | 19.3% | 18.9% | 19.5% | 10 |
| 2020s | 19.5% | 19.0% | 19.7% | 5 |
Countries ranked near Europe & Central Asia
- 2 Namibia 33.9% compare
- 3 Denmark 33.4% compare
- 4 New Zealand 29.5% compare
- 5 Luxembourg 28.6% compare
- 6 Macau, China 27.4% compare
- 7 Greece 27.4% compare
- 8 Sweden 27.2% compare
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 15.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 23.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 774.37 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0245 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.52 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 719.05 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 416.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Europe & Central Asia?
- Tax revenue in Europe & Central Asia was 19.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Europe & Central Asia?
- The highest recorded value was 20.0% in 2007.
- What is the lowest tax revenue recorded in Europe & Central Asia?
- The lowest recorded value was 15.6% in 1973.
- How does Europe & Central Asia rank for tax revenue?
- Europe & Central Asia ranks 5th out of 35 groups with data for 2024.
- Is tax revenue rising or falling in Europe & Central Asia?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.