Tax Burden (% of GDP) 2016

Republic of Moldova

In 2016, the Republic of Moldova had a tax burden of 16.4301183204667 % of GDP, ranking #70 out of 144 countries. This figure is relatively low compared to many European nations, where tax burdens often exceed 30%. The country's tax structure is influenced by its ongoing economic challenges and efforts to stimulate growth, which have led to a more favorable tax environment aimed at attracting investment and supporting small businesses.

Bahamas

In 2016, the Bahamas ranked #85 globally with a tax burden of 14.1340479509128 % of GDP. This figure is relatively low compared to many countries in the Caribbean, where tax burdens often exceed 20%. The Bahamas' tax structure is influenced by its status as a tourism-dependent economy, which relies on indirect taxation rather than direct taxes to attract foreign investment and visitors.

Zimbabwe

In 2016, Zimbabwe had a tax burden of 15.4582805565972 % of GDP, ranking #76 out of 144 countries. This figure is notably lower than the global average, indicating a relatively modest tax collection compared to many nations. Contributing factors include economic challenges such as hyperinflation and a shrinking formal economy, which have hindered the government's ability to generate revenue through taxation.

Marshall Islands

The Marshall Islands ranked #61 globally with a Tax Burden of 17.3583439048563 % of GDP in 2016. This figure is relatively low compared to the global average, indicating a less intensive tax environment. The country's economic structure relies heavily on foreign aid and compact agreements with the United States, which influences its tax policies and revenue generation.

Sri Lanka

Sri Lanka ranked #114 globally with a Tax Burden (% of GDP) of 11.4234897676172 % in 2016. This figure is notably lower than the global average, indicating a relatively limited capacity for government revenue generation compared to many other nations.

The low tax burden can be attributed to a combination of factors including a narrow tax base and challenges in tax compliance, exacerbated by economic pressures and a focus on growth rather than revenue collection. Additionally, Sri Lanka's post-civil war recovery phase has influenced fiscal policies aimed at stimulating economic activity.

Bulgaria

Bulgaria ranked #44 globally in 2016 with a Tax Burden (% of GDP) of 20.3330308112228 %. This figure is notably lower than the European Union average, indicating a relatively lighter tax load on its economy compared to many of its neighbors. Key drivers of this statistic include Bulgaria's flat tax rate policy, which has attracted foreign investment, and its ongoing efforts to maintain fiscal stability amidst economic reforms.

Myanmar

In 2016, Myanmar ranked #137 globally with a Tax Burden (% of GDP) of 7.17585983640205 %. This figure is significantly lower than many of its Southeast Asian neighbors, reflecting a broader trend of limited tax revenue generation in the region. Contributing factors include a largely informal economy and ongoing challenges in governance and infrastructure that hinder effective tax collection.

North Macedonia

In 2016, North Macedonia had a Tax Burden (% of GDP) of 16.9511578216024 %, ranking #66 out of 144 countries. This figure is relatively low compared to the European Union average, indicating a lighter tax load on its economy. The modest tax burden can be attributed to North Macedonia's efforts to attract foreign investment through competitive tax policies and a focus on economic growth in a transitioning market.

Central African Republic

The Central African Republic ranked #138 globally with a Tax Burden (% of GDP) of 6.80758893701064 % in 2016. This figure is significantly lower than the global average, reflecting the country's challenges in revenue generation compared to more stable economies. Contributing factors include ongoing political instability, a lack of infrastructure, and a predominantly informal economy, which limit the government's ability to effectively collect taxes.

Malta

In 2016, Malta ranked #9 globally with a Tax Burden (% of GDP) of 26.2493786095596 %. This figure is notably higher than the European Union average, reflecting Malta's robust public services and social welfare commitments. Key drivers of this tax burden include Malta's strategic position as a financial services hub and its investment in infrastructure and education, which necessitate higher taxation to support these sectors.