Tax Burden (% of GDP) 2024

Malta

In 2024, Malta has a Tax Burden (% of GDP) of 24.0777855096016 %, ranking #17 out of 89 countries. This figure is notably higher than the European Union average, reflecting Malta's robust public services and social welfare programs. The tax structure is influenced by the country's strategic position as a financial services hub, attracting foreign investment while maintaining competitive tax rates.

Fiji

In 2024, Fiji ranks #18 globally with a Tax Burden of 23.9464341913943 % of GDP. This figure is notably higher than the global average, reflecting a robust taxation system aimed at supporting public services and infrastructure development. Key drivers of this tax burden include Fiji's reliance on tourism revenue and a relatively small population, which necessitates higher tax rates to fund essential services and economic stability.

China, Macao SAR

In 2024, China, Macao SAR has a Tax Burden (% of GDP) of 27.4162061856349 %, ranking #6 out of 89 countries. This figure is notably higher than the global average, reflecting Macao's unique economic structure driven by its tourism and gaming industries. The high tax burden supports extensive public services and infrastructure, which are essential for maintaining its status as a major tourist destination.

Mozambique

In 2024, Mozambique ranks #29 globally with a tax burden of 21.8458736303603 % of GDP. This figure is relatively high compared to many African nations, reflecting a commitment to increasing public revenue amid economic challenges. The tax burden is driven by the government's efforts to finance infrastructure projects and social programs, essential for addressing poverty and stimulating growth in a country with significant natural resource potential.

Uruguay

In 2024, Uruguay ranks #47 globally with a Tax Burden (% of GDP) of 17.862010224025 %. This figure is relatively moderate compared to the global average, indicating a balanced approach to taxation in the region. Key drivers of this tax burden include Uruguay's stable economy and social welfare policies, which aim to support education and healthcare, reflecting the government’s commitment to social equity.

Lithuania

Lithuania ranks #28 globally with a tax burden of 21.8686469645785 % of GDP in 2024. This figure is slightly above the average tax burden in the European Union, indicating a relatively high level of public revenue generation compared to its neighbors. The country's tax structure is influenced by its commitment to social welfare programs and infrastructure development, which require substantial funding. Additionally, Lithuania's robust economic growth and increasing foreign investment have enabled the government to maintain this tax level while fostering a competitive business environment.

Mongolia

Mongolia ranks #52 globally with a Tax Burden of 16.8548718595202 % of GDP in 2024. This figure is relatively low compared to the global average, indicating a less intensive tax environment. Key drivers of this tax burden include Mongolia's reliance on mining revenues, which significantly impacts fiscal policies, and its ongoing efforts to attract foreign investment through favorable tax rates.

Turkey

In 2024, Turkey ranks #49 globally with a tax burden of 17.6239296509985 % of GDP. This figure is notably lower than the global average, reflecting a relatively modest tax collection compared to many developed nations.

The tax burden in Turkey is influenced by a combination of economic policies aimed at stimulating growth and a large informal economy that limits tax revenues. Additionally, the government's focus on investment in infrastructure and social programs may further constrain tax increases, impacting overall fiscal capacity.

Zambia

Zambia ranks #40 globally with a tax burden of 18.8304899930412 % of GDP in 2024. This figure is relatively higher than several neighboring countries, indicating a more significant reliance on tax revenue. Key drivers of this tax burden include Zambia's efforts to enhance public service funding and infrastructure development, alongside its ongoing economic reforms aimed at improving fiscal sustainability.

New Zealand

In 2024, New Zealand ranks #4 globally with a Tax Burden (% of GDP) of 29.5208304137113 %. This figure is significantly higher than the global average, reflecting the country's robust public sector funding. Key drivers include a comprehensive welfare system and extensive public services, which are supported by a relatively progressive tax structure aimed at addressing income inequality.