Tax revenues fell in 2019 to 36,8% of GDP in Portugal

In 2019, tax and social security contributions dropped to 36,8% of GDP in Portugal, compared to 37,0% in 2018, having remained stable in the euro area at 41,6%, according to data released today. by Eurostat.

DR

According to information from the European statistical office, in the European Union (EU), total revenues from the collection of taxes and social contributions fell slightly from 41,2% to 41,1% of Gross Domestic Product (GDP).

The tax-to-GDP ratio varied widely in 2019 between Member States, with the highest being presented by France (47,4%), Denmark (46,9%) and Belgium (45,9%) and the lowest in Ireland (22,7%), Romania (26,8%), Bulgaria (30,3%), Lithuania (30,4%) and Latvia (31,3%).

Compared to 2018, the tax revenue-to-GDP ratio increased in 2019 in 12 Member States and decreased in another 13, with the largest percentage increase to be recorded in Cyprus (from 33,5% to 35,6%) and the main drop in Belgium (from 47,1% to 45,9%).

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