Tax revenue in European Union
European Union: Tax revenue was 19.9% in 2024. ▲ Rising
Tax revenue in European Union, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
European Union recorded 19.9% for tax revenue in 2024.
The figure is up 1.2% on the previous year and up 0.0% over ten years.
Over the whole period, tax revenue in European Union peaked at 20.1% in 1999 and was at its lowest, 14.3%, in 1975.
That places European Union 4th out of 35 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 52 years of available data.
Tax revenue in European Union, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1973 | 14.7% | — |
| 1974 | 14.8% | +0.4% |
| 1975 | 14.3% | -3.3% |
| 1976 | 15.1% | +5.4% |
| 1977 | 15.3% | +1.2% |
| 1978 | 15.4% | +0.6% |
| 1979 | 15.4% | +0.2% |
| 1980 | 15.8% | +2.4% |
| 1981 | 15.8% | +0.3% |
| 1982 | 15.9% | +0.7% |
| 1983 | 16.4% | +2.7% |
| 1984 | 16.5% | +0.8% |
| 1985 | 16.7% | +1.3% |
| 1986 | 17.2% | +3.1% |
| 1987 | 17.4% | +1.2% |
| 1988 | 17.6% | +0.7% |
| 1989 | 17.6% | +0.5% |
| 1990 | 17.8% | +0.8% |
| 1991 | 18.4% | +3.5% |
| 1992 | 18.4% | -0.3% |
| 1993 | 18.2% | -1.1% |
| 1994 | 18.2% | +0.4% |
| 1995 | 19.0% | +4.4% |
| 1996 | 19.1% | +0.6% |
| 1997 | 19.4% | +1.5% |
| 1998 | 19.8% | +2.0% |
| 1999 | 20.1% | +1.6% |
| 2000 | 19.9% | -0.9% |
| 2001 | 19.4% | -2.5% |
| 2002 | 19.1% | -2.0% |
| 2003 | 18.9% | -1.0% |
| 2004 | 18.7% | -0.8% |
| 2005 | 19.0% | +1.5% |
| 2006 | 19.3% | +1.7% |
| 2007 | 19.6% | +1.5% |
| 2008 | 19.2% | -2.1% |
| 2009 | 18.4% | -3.9% |
| 2010 | 18.7% | +1.7% |
| 2011 | 18.9% | +0.6% |
| 2012 | 19.3% | +2.2% |
| 2013 | 19.7% | +2.4% |
| 2014 | 19.9% | +0.7% |
| 2015 | 19.7% | -0.6% |
| 2016 | 19.7% | -0.3% |
| 2017 | 19.8% | +0.7% |
| 2018 | 19.9% | +0.3% |
| 2019 | 20.0% | +0.4% |
| 2020 | 19.6% | -1.6% |
| 2021 | 19.9% | +1.6% |
| 2022 | 19.9% | -0.1% |
| 2023 | 19.6% | -1.5% |
| 2024 | 19.9% | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.0% | 14.3% | 15.4% | 7 |
| 1980s | 16.7% | 15.8% | 17.6% | 10 |
| 1990s | 18.8% | 17.8% | 20.1% | 10 |
| 2000s | 19.2% | 18.4% | 19.9% | 10 |
| 2010s | 19.6% | 18.7% | 20.0% | 10 |
| 2020s | 19.8% | 19.6% | 19.9% | 5 |
Countries ranked near European Union
- 1 Lesotho 35.4% compare
- 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
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.69 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 29.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 818.48 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0189 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 20.53 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 368.50 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,195 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in European Union?
- Tax revenue in European Union was 19.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in European Union?
- The highest recorded value was 20.1% in 1999.
- What is the lowest tax revenue recorded in European Union?
- The lowest recorded value was 14.3% in 1975.
- How does European Union rank for tax revenue?
- European Union ranks 4th out of 35 groups with data for 2024.
- Is tax revenue rising or falling in European Union?
- Over the last ten years it is up 0.0%. The long-run trend across the full record is rising.
- Where does this European Union 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.