Oct 5, 2024, 12:55 PM IST
Denmark: Denmark tops the list with a tax-to-GDP ratio of about 46.3%, reflecting its extensive welfare system and high-quality public services.
France: France follows closely with a tax-to-GDP ratio of around 45.2%, primarily funding its comprehensive healthcare and social security systems.
Belgium: Belgium has a tax-to-GDP ratio of approximately 44.2%, known for its high income tax rates to support social services.
Sweden: Sweden’s tax-to-GDP ratio is about 43.6%, where high taxes contribute to generous welfare programs and public services.
Italy: Italy’s tax-to-GDP ratio is around 42.5%, funding public healthcare and social security benefits.
Finland: Finland has a tax-to-GDP ratio of about 42.2%, allowing it to maintain a strong education system and public services.
Austria: Austria’s tax-to-GDP ratio is approximately 41.4%, funding its extensive social welfare programs and services.
Germany: Germany stands with a tax-to-GDP ratio of around 39.8%, which supports its robust social security and healthcare systems.
Norway: Norway has a tax-to-GDP ratio of about 39.4%, known for its high standard of living funded by taxes.
Germany: Germany stands with a tax-to-GDP ratio of around 39.8%, which supports its robust social security and healthcare systems.
This information is not DNA's opinion but obtained from NASA.