2013-01-11 11:49

Lithuania’s tax revenue-to-GDP ratio lowest in EU

The ratio of tax revenue to gross domestic product (GDP) in Lithuania is the lowest among 27 European Union (EU) Member States, the latest data from Eurostat has shown.
Šešėlinė ekonomika
. / Andriaus Ufarto/BFL nuotr.

In 2011, the ratio of tax revenue to GDP in Lithuania stood at 26.4 percent and was well below the EU average of 40 percent.

The tax revenue to GDP ratio stood highest in Denmark (48.6 pct), Belgium (46.7 pct), and France (45.9 pct).

Alongside Lithuania, the lowest shares were also recorded in Bulgaria (27.2 pct) and Latvia (27.7 pct). In Estonia, the ratio stood at 33 percent.

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