Tax Revenue (% of GDP) 2012
Tax revenue as a share of GDP by country. Compare how much governments collect in taxes relative to economic output, using World Bank data since 2001.
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Complete Data Rankings
Rank | Actions | ||
|---|---|---|---|
1 | Timor-Leste | 147.64 % of GDP | |
2 | Lesotho | 38.084 % of GDP | |
3 | China, Macao SAR | 36.8 % of GDP | |
4 | Denmark | 33.515 % of GDP | |
5 | Namibia | 32.933 % of GDP | |
6 | Eswatini | 29.058 % of GDP | |
7 | Botswana | 28.037 % of GDP | |
8 | New Zealand | 26.864 % of GDP | |
9 | Sweden | 26.782 % of GDP | |
10 | Norway | 26.243 % of GDP | |
11 | Austria | 26.183 % of GDP | |
12 | Solomon Islands | 26.177 % of GDP | |
13 | Belgium | 25.709 % of GDP | |
14 | Malta | 25.295 % of GDP | |
15 | United Kingdom | 24.998 % of GDP | |
16 | Trinidad and Tobago | 24.961 % of GDP | |
17 | Greece | 24.954 % of GDP | |
18 | Italy | 24.911 % of GDP | |
19 | Luxembourg | 24.428 % of GDP | |
20 | Jamaica | 24.333 % of GDP | |
21 | South Africa | 23.346 % of GDP | |
22 | Cyprus | 23.335 % of GDP | |
23 | Georgia | 23.089 % of GDP | |
24 | Hungary | 22.929 % of GDP | |
25 | Fiji | 22.893 % of GDP | |
26 | France | 22.609 % of GDP | |
27 | Ireland | 22.341 % of GDP | |
28 | Morocco | 21.965 % of GDP | |
29 | Saint Vincent and the Grenadines | 21.845 % of GDP | |
30 | Slovenia | 21.702 % of GDP | |
31 | Israel | 21.639 % of GDP | |
32 | Iceland | 21.227 % of GDP | |
33 | Australia | 21.028 % of GDP | |
34 | Portugal | 21.011 % of GDP | |
35 | Barbados | 20.562 % of GDP | |
36 | Samoa | 20.539 % of GDP | |
37 | Bosnia and Herzegovina | 20.478 % of GDP | |
38 | Netherlands | 20.326 % of GDP | |
39 | Finland | 20.202 % of GDP | |
40 | Estonia | 20.162 % of GDP | |
41 | Croatia | 20.13 % of GDP | |
42 | Tunisia | 20.115 % of GDP | |
43 | Czech Republic | 19.122 % of GDP | |
44 | Chile | 18.991 % of GDP | |
45 | Mozambique | 18.629 % of GDP | |
46 | Bulgaria | 18.385 % of GDP | |
47 | Mauritius | 18.364 % of GDP | |
48 | Belize | 18.363 % of GDP | |
49 | Palau | 18.139 % of GDP | |
50 | Turkey | 18.105 % of GDP | |
51 | San Marino | 18.016 % of GDP | |
52 | Saint Kitts and Nevis | 17.922 % of GDP | |
53 | Zimbabwe | 17.836 % of GDP | |
54 | Serbia | 17.815 % of GDP | |
55 | Uruguay | 17.792 % of GDP | |
56 | Ukraine | 17.633 % of GDP | |
57 | Albania | 17.588 % of GDP | |
58 | Armenia | 17.492 % of GDP | |
59 | Vanuatu | 17.382 % of GDP | |
60 | Saint Lucia | 17.154 % of GDP | |
61 | Romania | 17.145 % of GDP | |
62 | Kiribati | 16.833 % of GDP | |
63 | Peru | 16.547 % of GDP | |
64 | North Macedonia | 16.417 % of GDP | |
65 | Marshall Islands | 16.386 % of GDP | |
66 | Cabo Verde | 16.281 % of GDP | |
67 | El Salvador | 16.182 % of GDP | |
68 | Poland | 16.005 % of GDP | |
69 | Lithuania | 15.685 % of GDP | |
70 | Malaysia | 15.613 % of GDP | |
71 | Republic of Moldova | 15.595 % of GDP | |
72 | Slovakia | 15.499 % of GDP | |
73 | Latvia | 15.447 % of GDP | |
74 | Thailand | 15.441 % of GDP | |
75 | Ghana | 15.368 % of GDP | |
76 | Mongolia | 15.312 % of GDP | |
77 | Lebanon | 15.198 % of GDP | |
78 | Nicaragua | 15.009 % of GDP | |
79 | Zambia | 14.892 % of GDP | |
80 | Honduras | 14.747 % of GDP | |
81 | Belarus | 14.663 % of GDP | |
82 | Burundi | 14.533 % of GDP | |
83 | Brazil | 14.332 % of GDP | |
84 | Gabon | 14.061 % of GDP | |
85 | Burkina Faso | 13.89 % of GDP | |
86 | Russia | 13.755 % of GDP | |
87 | Laos | 13.605 % of GDP | |
88 | Bhutan | 13.589 % of GDP | |
89 | Singapore | 13.581 % of GDP | |
90 | Jordan | 13.543 % of GDP | |
91 | South Korea | 13.474 % of GDP | |
92 | Kazakhstan | 13.312 % of GDP | |
93 | Colombia | 13.227 % of GDP | |
94 | Angola | 13.22 % of GDP | |
95 | Costa Rica | 13.105 % of GDP | |
96 | Dominican Republic | 13.052 % of GDP | |
97 | Argentina | 12.953 % of GDP | |
98 | Azerbaijan | 12.779 % of GDP | |
99 | Egypt | 12.385 % of GDP | |
100 | Philippines | 12.306 % of GDP | |
101 | Nepal | 12.041 % of GDP | |
102 | Bahamas | 12.039 % of GDP | |
103 | Germany | 11.914 % of GDP | |
104 | Uzbekistan | 11.81 % of GDP | |
105 | Spain | 11.706 % of GDP | |
106 | Canada | 11.664 % of GDP | |
107 | Togo | 11.362 % of GDP | |
108 | Cameroon | 11.344 % of GDP | |
109 | Guatemala | 11.01 % of GDP | |
110 | Mali | 10.925 % of GDP | |
111 | India | 10.837 % of GDP | |
112 | Côte d'Ivoire | 10.619 % of GDP | |
113 | Tanzania | 10.433 % of GDP | |
114 | Sri Lanka | 10.111 % of GDP | |
115 | China | 10.089 % of GDP | |
116 | United States | 9.764 % of GDP | |
117 | Paraguay | 9.458 % of GDP | |
118 | Ethiopia | 9.378 % of GDP | |
119 | Mexico | 9.352 % of GDP | |
120 | Malawi | 9.316 % of GDP | |
121 | Bangladesh | 9.025 % of GDP | |
122 | Switzerland | 9.018 % of GDP | |
123 | Equatorial Guinea | 8.742 % of GDP | |
124 | Cambodia | 8.737 % of GDP | |
125 | Congo, Democratic Republic of the | 8.644 % of GDP | |
126 | Madagascar | 8.368 % of GDP | |
127 | Central African Republic | 8.172 % of GDP | |
128 | Afghanistan | 7.708 % of GDP | |
129 | Congo | 7.278 % of GDP | |
130 | Sudan | 6.894 % of GDP | |
131 | Micronesia (Fed. States of) | 4.941 % of GDP | |
132 | Myanmar | 4.524 % of GDP | |
133 | Saudi Arabia | 2.485 % of GDP | |
134 | Bahrain | 1.137 % of GDP | |
135 | United Arab Emirates | 0.347 % of GDP |
- #1
Timor-Leste
- #2
Lesotho
- #3
China, Macao SAR
- #4
Denmark
- #5
Namibia
- #6
Eswatini
- #7
Botswana
- #8
New Zealand
- #9
Sweden
- #10
Norway
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
- #135
United Arab Emirates
- #134
Bahrain
- #133
Saudi Arabia
- #132
Myanmar
- #131
Micronesia (Fed. States of)
- #130
Sudan
- #129
Congo
- #128
Afghanistan
- #127
Central African Republic
- #126
Madagascar
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
In 2012, Timor-Leste led the world in Tax Revenue (% of GDP) with an astounding rate of 147.64%, showcasing the highest level of tax collection relative to its economic output. The global range for this metric spanned from a minimum of 0.35% in the United Arab Emirates to Timor-Leste's maximum. The average tax revenue across the 135 countries with available data was 17.57%, providing a baseline for comparison against individual country performances.
Economic Structure and Tax Revenue (% of GDP)
The diverse economic structures of countries significantly influence their Tax Revenue (% of GDP). For instance, Timor-Leste and Lesotho both report high percentages, at 147.64% and 38.08% respectively, due to unique factors like reliance on natural resource revenues and external aid funneled through government budgets. Denmark, with a rate of 33.51%, exemplifies a different model where high tax revenue reflects robust social welfare systems funded by comprehensive tax policies. In contrast, countries like the United Arab Emirates and Bahrain maintain low tax revenue figures, 0.35% and 1.14% respectively, due to their reliance on oil revenues which reduce the immediate need for high tax rates.
Regional Disparities and Policy Impacts
Geographic and policy-driven disparities play a crucial role in shaping tax revenue outcomes. In Africa, countries like Lesotho and Namibia exhibit high tax revenue percentages, 38.08% and 32.93%, due to concerted efforts to enhance tax collection and manage public finances. Conversely, in the Middle East, nations such as Saudi Arabia and United Arab Emirates report minimal tax revenue percentages, reflecting their oil-based economies where tax revenue is not a primary source of government funding. These patterns highlight the impact of natural resources and policy decisions on tax structures.
Year-over-Year Trends and Key Movers
Analyzing year-over-year changes reveals significant shifts in Tax Revenue (% of GDP) for certain countries. Eswatini experienced the largest increase with a rise of 12.41% (74.6%), driven by improved tax administration and policy reforms. Similarly, Timor-Leste saw a notable increase of 12.16% (9.0%), largely attributed to the management of petroleum fund revenues. On the other hand, Kazakhstan faced the steepest decline, with a reduction of 4.95% (-27.1%), possibly due to economic adjustments and decreased resource revenues. These changes underscore the dynamic nature of tax revenue as countries adapt their fiscal policies in response to economic conditions.
Implications of High and Low Tax Revenue
The implications of high and low Tax Revenue (% of GDP) are profound, affecting economic stability and government capacity. High tax revenue, as seen in Denmark and Sweden with rates of 33.51% and 26.78%, respectively, supports extensive public services and welfare systems, contributing to social equity and economic resilience. Conversely, countries with low tax revenues, such as Myanmar and Micronesia, reporting 4.52% and 4.94%, may struggle to fund essential services, impacting development and growth. These disparities highlight the critical role of effective tax policies in fostering sustainable economic environments.
Frequently Asked Questions About Tax Revenue (% of GDP) in 2012
Which country had the highest tax revenue as a percentage of GDP in 2012?
Timor-Leste had the highest tax revenue as a percentage of GDP in 2012, with 148%.
Which country had the lowest tax revenue as a percentage of GDP in 2012?
The United Arab Emirates had the lowest tax revenue as a percentage of GDP in 2012, at 0.35%.
What was the average tax revenue as a percentage of GDP among countries in 2012?
The average tax revenue as a percentage of GDP among countries in 2012 was 17.57%.
What was the median tax revenue as a percentage of GDP in 2012?
The median tax revenue as a percentage of GDP in 2012 was 16.01%.
Which countries were in the top 3 for tax revenue as a percentage of GDP in 2012?
The top 3 countries for tax revenue as a percentage of GDP in 2012 were Timor-Leste (148%), Lesotho (38.08%), and China, Macao SAR (36.8%).
What was the range of tax revenue as a percentage of GDP in 2012?
The range of tax revenue as a percentage of GDP in 2012 was from 0.35% in the United Arab Emirates to 148% in Timor-Leste.
Insights by country
Kazakhstan
In 2012, Kazakhstan ranked #92 globally with a tax revenue of 13.3120981501594 % of GDP. This figure is notably lower than the average tax revenue in Central Asia, reflecting the region's economic challenges. The relatively low tax revenue can be attributed to Kazakhstan's reliance on natural resources, which often leads to fluctuations in revenue generation based on global commodity prices.
Albania
In 2012, Albania ranked #57 globally with a Tax Revenue (% of GDP) of 17.5879265953551 % of GDP. This figure is lower than the average for Eastern Europe, indicating challenges in tax collection and compliance. Contributing factors include a transition economy with ongoing reforms, a relatively large informal sector, and efforts to improve public administration and fiscal policy.
Lesotho
In 2012, Lesotho achieved a remarkable global rank of #2 for Tax Revenue (% of GDP) at 38.0837569930604 % of GDP. This figure significantly surpasses the average tax revenue of many African nations, reflecting Lesotho's strong fiscal policies. The high tax revenue can be attributed to the country’s reliance on remittances from Basotho working abroad and a relatively efficient tax collection system, which supports its public services and development projects.
Belgium
In 2012, Belgium ranked #13 globally with a Tax Revenue (% of GDP) of 25.7090042684997 % of GDP. This figure is notably higher than the European Union average, reflecting Belgium's robust tax system. Key drivers include a comprehensive welfare state and significant public investment, which necessitate higher tax revenues to support extensive social services and infrastructure projects.
Costa Rica
Costa Rica ranked #95 globally in 2012 with a tax revenue of 13.1052960487442% of GDP. This figure is notably lower than the average tax revenue percentage for Latin American countries, which typically hovers around 20%. The relatively low tax revenue can be attributed to Costa Rica's reliance on tourism and agriculture, which often generate less tax revenue compared to more industrialized economies.
Serbia
In 2012, Serbia ranked #54 globally with a tax revenue of 17.8145603317234 % of GDP. This figure is below the average tax revenue for countries in Europe, reflecting Serbia's ongoing economic challenges and transition from a socialist to a market-oriented economy. The relatively low tax revenue can be attributed to a combination of a large informal economy and tax compliance issues that have historically hindered revenue collection.
Chile
In 2012, Chile ranked #44 globally with a Tax Revenue (% of GDP) of 18.9910595532311 % of GDP. This figure is relatively higher than the regional average for Latin America, which often hovers around 15-17%. The robust tax revenue can be attributed to Chile's strong mining sector, particularly copper, which significantly contributes to government income, alongside a relatively stable economic environment and effective tax policies.
Israel
In 2012, Israel ranked #31 globally with a Tax Revenue (% of GDP) of 21.6388414511256 % of GDP. This figure is notably higher than the average tax revenue of many neighboring countries, reflecting Israel's robust economic framework. Key drivers include a diverse economy with strong high-tech and service sectors, alongside a commitment to public services and social welfare programs.
Saint Lucia
In 2012, Saint Lucia ranked #60 globally with a tax revenue of 17.1543882729725 % of GDP. This figure is relatively low compared to regional averages in the Caribbean, where many countries have higher tax revenue ratios due to diverse economies. The country's reliance on tourism as a primary economic driver, coupled with a small population and limited industrial base, contributes to its tax revenue challenges and overall economic structure.
Brazil
In 2012, Brazil ranked #83 globally with a Tax Revenue (% of GDP) of 14.3324110913977 % of GDP. This figure is notably lower than the average tax revenue in Latin America, indicating challenges in tax collection compared to regional peers. Factors contributing to Brazil's lower tax revenue include a complex tax system, significant informal economic activities, and ongoing efforts to reform tax policies to enhance compliance.
Data Source
Tax revenue (% of GDP), World Bank (WB)
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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