Taxes on Goods and Services (As % of Revenue) fell to 33.9% in European Union in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | European Union | December 1, 2019
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Taxes on goods and services as a share of revenue reached 33.9 % in 2017 in European Union, according to the National Statistical Office. This is 3.05 % less than in the previous year.

Historically, taxes on goods and services as a share of revenue in European Union reached an all time high of 35.0 % in 2016 and an all time low of 26.9 % in 1991. When compared to European Union's main peers, taxes on goods and services as a share of revenue in Japan amounted to 36.1 %, 22.3 % in Russia and 2.42 % in USA in 2017.

European Union has been ranked 52nd within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue, 2 places above the position seen 10 years ago.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Canada % 14.2% 14.0% 13.9% ... ... ... ...
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
European Union % 34.1% 34.3% 33.9% 33.6% 34.3%
Germany % 24.9% 24.4% 24.0% 23.6% 23.2%
India % 21.7% 26.0% 27.3% ... ... ... ...
Japan % 35.9% 34.6% 32.7% 37.1% 37.6%
Mexico % 23.0% 23.0% 21.4% 25.4% 30.2%
Russia % 19.5% 20.9% 21.1% 21.6% 19.4%
South Korea % 26.4% 22.5% 21.7% 21.8% 21.2%
USA % 2.95% 2.99% 2.84% 2.98% 2.94%