Tax Burden (% of GDP) 2023

Nauru

Nauru ranks #3 globally in 2023 with a Tax Burden (% of GDP) of 32.0966666666667 %. This figure is significantly higher than many countries, reflecting a unique economic structure where the government relies heavily on taxation due to limited resources and a small population. The high tax burden is driven by Nauru's reliance on phosphate mining revenues, which have decreased over time, leading to increased taxation to support public services and infrastructure.

Togo

Togo ranks #80 globally with a Tax Burden (% of GDP) of 13.9214440832607 % in 2023. This figure is below the global average, indicating a relatively low level of taxation compared to many countries. Key factors influencing Togo's tax burden include its economic structure, which relies heavily on agriculture and informal sectors, limiting tax revenue potential, and ongoing efforts to reform its tax system to enhance compliance and broaden the tax base.

North Macedonia

In 2023, North Macedonia has a Tax Burden (% of GDP) of 17.7577976488562 %, ranking #54 out of 111 countries. This figure is relatively low compared to the regional average in Southeast Europe, where many neighboring countries have higher tax burdens. The country's tax policy is influenced by a focus on attracting foreign investment and fostering economic growth, which has led to a more favorable tax environment aimed at stimulating business development.

Singapore

In 2023, Singapore ranks #82 globally with a Tax Burden of 13.7387885776561 % of GDP. This figure is notably lower than the global average, reflecting Singapore's status as a low-tax jurisdiction compared to many developed nations. The country's tax policies are designed to attract foreign investment and stimulate economic growth, supported by a robust financial services sector and a strategic location as a trade hub in Southeast Asia.

New Zealand

In 2023, New Zealand ranks #5 globally with a tax burden of 28.0632737383432 % of GDP. This figure is significantly higher than the average tax burden in the Asia-Pacific region, reflecting a strong commitment to public services and welfare. Key drivers of this high tax burden include New Zealand's extensive social security system and investments in healthcare and education, which are funded through taxation to support its relatively small population.

Saudi Arabia

In 2023, Saudi Arabia ranks #107 globally with a Tax Burden (% of GDP) of 7.80440222909766 %. This figure is notably lower than the global average, reflecting the country's reliance on oil revenues rather than taxation. The low tax burden is also influenced by Saudi Arabia's ongoing economic diversification efforts, aimed at reducing dependence on oil and increasing private sector participation.

United Arab Emirates

The United Arab Emirates ranks #111 globally with a Tax Burden of 0.616670519752557 % of GDP in 2023. This figure is among the lowest in the world, reflecting a strategic economic model that prioritizes low taxation to attract foreign investment and stimulate growth.

Key drivers of this low tax burden include the UAE's oil-rich economy, which generates substantial revenue for the government, allowing for minimal reliance on tax income. Additionally, the country's favorable business environment and free trade zones further enhance its appeal to international businesses.

Cambodia

Cambodia ranks #91 globally with a Tax Burden (% of GDP) of 12.2035420550215 % in 2023. This figure is notably lower than the global average, highlighting the country's limited tax revenue capabilities compared to more developed nations. Key drivers of this low tax burden include a largely informal economy and ongoing challenges in tax administration, which hinder effective revenue collection.

Côte d'Ivoire

Côte d'Ivoire ranks #85 globally with a tax burden of 13.0371915910548 % of GDP in 2023. This figure is relatively low compared to many other countries, indicating a less extensive tax system than the global average. The country's tax structure is influenced by its developing economy, which relies heavily on agriculture and exports, limiting the government's capacity to implement higher tax rates.

Mauritius

Mauritius ranks #36 globally with a Tax Burden (% of GDP) of 20.5916033847192 % in 2023. This figure is notably lower than the global average, reflecting the country's strategic efforts to maintain a competitive tax environment. The relatively low tax burden can be attributed to Mauritius's status as a financial hub, which attracts foreign investment and encourages economic growth through favorable tax policies.