Tax Burden (% of GDP) 2014

Cyprus

In 2014, Cyprus had a Tax Burden (% of GDP) of 24.7157220076717 %, ranking #18 out of 143 countries. This figure is notably higher than the global average, reflecting the country's commitment to public services and social welfare. Key drivers of this tax burden include Cyprus's strategic location as a financial hub and its efforts to maintain a robust infrastructure and public sector, which necessitate higher tax revenues.

Germany

In 2014, Germany ranked #110 globally with a Tax Burden (% of GDP) of 12.050213270698 %. This figure is notably lower than the OECD average, reflecting Germany's competitive tax environment compared to other developed nations. The relatively low tax burden can be attributed to Germany's strong manufacturing sector and a focus on export-driven growth, which allows for substantial economic activity without heavily taxing its GDP.

El Salvador

In 2014, El Salvador had a Tax Burden (% of GDP) of 16.7087952019765 %, ranking #67 out of 143 countries. This figure is lower than the regional average for Central America, indicating a relatively modest tax collection effort compared to its neighbors. The country's tax burden is influenced by a combination of factors, including a narrow tax base and challenges in tax administration, which hinder revenue generation for public services.

Gabon

In 2014, Gabon had a Tax Burden (% of GDP) of 15.1052288790252 %, ranking #82 out of 143 countries. This figure is notably lower than the global average, indicating a relatively moderate tax environment compared to many nations. Key drivers of this statistic include Gabon's reliance on oil exports, which significantly influence government revenue, and its efforts to maintain an attractive investment climate for foreign businesses.

Ghana

In 2014, Ghana's Tax Burden (% of GDP) was 11.2521859793493 %, ranking #116 out of 143 countries. This figure is notably lower than the global average, indicating a relatively modest tax collection capacity. Contributing factors include a large informal economy and challenges in tax administration, which hinder the government's ability to increase revenue through taxation.

Kiribati

In 2014, Kiribati had a Tax Burden (% of GDP) of 15.9191032007104 %, ranking #74 out of 143 countries. This figure is relatively low compared to higher-taxed nations in the Pacific region, reflecting the country's limited economic base and reliance on external aid. The primary drivers of this tax burden include a small population spread across numerous islands, which complicates tax collection, and a significant dependence on foreign assistance for public services and infrastructure development.

Israel

In 2014, Israel had a tax burden of 22.8514127744922 % of GDP, ranking #29 out of 143 countries. This figure is notable as it is higher than the OECD average, reflecting a robust public sector. Key drivers of this tax burden include Israel's extensive social welfare programs and significant defense spending, which are essential given its geopolitical context.

Sri Lanka

Sri Lanka ranked #126 globally in 2014 with a Tax Burden (% of GDP) of 9.7478598230375 %. This figure is notably lower than the global average, indicating a relatively light taxation structure compared to many countries. Contributing factors include a history of economic challenges, including post-civil war recovery efforts, which have limited the government's capacity to expand its tax base effectively.

Cabo Verde

Cabo Verde ranked #79 out of 143 countries with a Tax Burden (% of GDP) of 15.5325589020017 % in 2014. This figure is notably lower than the global average, indicating a relatively modest tax environment compared to many other nations. The tax burden reflects Cabo Verde's efforts to stimulate economic growth in a small island nation heavily reliant on tourism and remittances, which impacts its fiscal policies and revenue generation.

Azerbaijan

Azerbaijan's Tax Burden (% of GDP) in 2014 was 14.2125356482603 %, ranking it #84 out of 143 countries. This figure is lower than the global average, reflecting a relatively moderate tax environment compared to many other nations.

The country's tax structure is influenced by its significant oil and gas revenues, which allow for lower taxation levels on individuals and businesses. Additionally, Azerbaijan's economic policies have aimed at fostering investment and growth, contributing to its overall tax burden profile.