Tax Burden % of GDP: Percentage of GDP represented by the overall tax burden - Jan. 31, 2022

The Tax Burden % of GDP represents the percentage of a country's gross domestic product (GDP) that is accounted for by the overall tax burden. This measure provides insights into the level of taxation and the fiscal obligations faced by individuals and businesses. Monitoring this measure allows individuals to understand the role of taxation in public finances, economic incentives, and the overall business environment.

As of January 2020, France had the highest Tax Burden % of GDP, with a rate of 46.2%, followed closely by Denmark at 46% and Belgium at 44.6%. These countries had a significant portion of their GDP attributed to the overall tax burden. On the other hand, Saudi Arabia had a relatively lower tax burden, with a rate of 3.4%, and Iraq had a rate of 2%. Kuwait had the lowest tax burden among the listed countries, with a rate of 1.4%.

In January 2021, France maintained its first position with a Tax Burden % of GDP of 46.1%. Belgium and Denmark tied for the second position, both with a rate of 44.9%. Kuwait continued to have the lowest tax burden at 1.4%. Bahrain and the United Arab Emirates had rates of 1.1% and 0.1%, respectively.

By January 2022, Denmark took the lead with a Tax Burden % of GDP of 46.3%, followed by France at 45.4% and Belgium at 42.9%. Iraq and Kuwait maintained their rates at 1.4%, while the United Arab Emirates had a slight increase to 1%.

Monitoring the Tax Burden % of GDP provides insights into the level of taxation in different countries and its impact on the economy. It helps individuals understand the fiscal obligations faced by individuals and businesses and the implications for public finances, economic incentives, and the overall business environment.