Tax Revenue (% of GDP) 2006

Dominican Republic

In 2006, the Dominican Republic ranked #75 globally with a tax revenue of 13.9947598935454 % of GDP. This figure is lower than the Latin American average, indicating challenges in tax collection compared to its regional peers. Contributing factors include a large informal economy and tax evasion, which hinder the government's ability to increase revenue generation.

Morocco

In 2006, Morocco ranked #48 globally with a tax revenue of 19.403590924953 % of GDP. This figure is notably higher than many regional neighbors, reflecting a robust tax collection system compared to countries with lower economic performance. Key drivers of this tax revenue include Morocco's diverse economy, which benefits from agriculture, mining, and tourism, alongside ongoing reforms aimed at improving tax compliance and broadening the tax base.

Trinidad and Tobago

In 2006, Trinidad and Tobago achieved a remarkable global rank of #5 with a tax revenue of 30.2575876543509 % of GDP. This figure significantly exceeded the Caribbean average, reflecting the country’s robust energy sector, which is a major contributor to government revenues. Additionally, strategic fiscal policies aimed at diversifying the economy beyond oil and gas have bolstered tax collection efforts, enhancing overall economic stability.

Philippines

The Philippines ranked #81 globally with a tax revenue of 13.1273014401873 % of GDP in 2006. This figure is notably lower than the global average, reflecting challenges in tax collection efficiency compared to higher-ranking countries. Key drivers of this statistic include a large informal economy and tax policy issues that hinder revenue generation, alongside a reliance on consumption taxes rather than income taxes.

Nepal

In 2006, Nepal ranked #99 globally with a tax revenue of 8.77975841023477 % of GDP. This figure is notably low compared to regional averages, reflecting the challenges faced by many South Asian countries in mobilizing domestic resources.

The low tax revenue can be attributed to a large informal economy, limited administrative capacity, and ongoing political instability, which hinder effective tax collection. Additionally, a significant portion of the population relies on subsistence agriculture, further complicating revenue generation efforts.

Lithuania

In 2006, Lithuania achieved a global rank of #42 with a Tax Revenue (% of GDP) of 20.5300347997554%. This figure is notable as it is higher than the average tax revenue for the European Union, reflecting the country's commitment to public services and infrastructure. Key drivers of this tax revenue include Lithuania's growing economy and a relatively efficient tax collection system, which have been bolstered by policies aimed at attracting foreign investment.

Afghanistan

In 2006, Afghanistan ranked #105 globally for Tax Revenue (% of GDP) at 6.96759757507017 % of GDP. This figure is notably low compared to the global average, reflecting significant challenges in governance and infrastructure. The country's ongoing conflict and instability severely hindered tax collection efforts, while a largely informal economy limited the revenue base. Additionally, reliance on international aid further complicated the development of a robust tax system.

Australia

In 2006, Australia ranked #20 globally with a tax revenue of 24.4695693337421 % of GDP. This figure is above the average for many OECD countries, reflecting a robust taxation system compared to lower-ranked nations. Key drivers of this high tax revenue include Australia's diverse economy, which benefits from significant natural resource exports, and a progressive tax structure that emphasizes equity and public services.

Hungary

In 2006, Hungary ranked #45 globally for Tax Revenue (% of GDP) with a value of 19.8288097717827 % of GDP. This figure is notably lower than the average for EU countries, which typically hover around 40%. The relatively low tax revenue can be attributed to Hungary's transitional economy, which has faced challenges such as high public debt and a need for structural reforms to enhance fiscal stability.

Hungary

In 2006, Hungary's Tax Revenue (% of GDP) was 19.8288097717827 % of GDP, ranking #45 out of 109 countries. This figure is below the European Union average, highlighting the challenges Hungary faces in tax collection compared to its regional peers. The relatively low tax revenue can be attributed to a combination of a complex tax system and significant tax evasion, which has historically affected the country's fiscal health.