EU and euro area tax-to-GDP ratio down in 2023

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 40.0% in the EU in 2023, a decrease compared with 2022 (40.7%). In the euro area, the tax-to-GDP ratio also decreased from 41.4% in 2022 to 40.6% in 2023. In…
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