The tax-to-GDP ratio in European Union (EU) member states increased slightly in 2014 compared with 2013 and Croatia followed suit, Eurostat reported on Friday.
Tax revenue in the share of Gross Domestic Product (GDP) in the EU in 2014 stood at 40% compared with 39.9% in 2013, in Croatia in 2014 it was 36.7% compared with 36.6% in 2013.
The tax-to-GDP ratio has increased continuously in recent years since its low point in 2010 when it was 38.5%. In Croatia over the past 15 years that ratio has been stable at around 36% which is similar to the situation in Portugal and Slovenia.
The highest share of taxes and social contributions in percentage of GDP in 2014 was recorded in Denmark (50.8%), followed by Belgium and France (both 47.9%).
On the other hand the lowest share was registered in Romania (27.7%) and Bulgaria (27.8%).