Spain’s Fiscal Pressure Seven P.P. Below Eurozone Average

tax

According to Eurostat data, Spain’s tax burden in 2014 was lower than in other big European economies like Germany, Italy, France or the United Kingdom, and 6 percentage points below the European average.

In 2014, Spain’s fiscal pressure was equivalent to 34.4% of GDP, nearly 6 percentage points below the European Union (40%) and seven points below the Eurozone average (41.5%).

France had one of the higher fiscal burdens in the EU (47,9%), above both Italy (43,7%) and Germany (39,5%).

Denmark was the European country which raised the most in taxes (50.8%), followed by Belgium and France (both with 47.9%), Finland (44%), Austria (43,8%) and Italy and Sweden (43,7% each). At the other end of the spectrum, the tax burden in countries like Poland (33%), Estonia (32,5%), Slovakia (31,2%), Ireland (30,5%), Latvia (29,2%), Lithuania (28%), Bulgaria (27,8%) and Romania (27,7%) were well below both the European and Eurozone average in 2014.

 

 

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.