Data released by the EU’s statistical office reveals that the tax-to-GDP ratio, which combines taxes and net social contributions as a percentage of GDP, reached 40.4% in the EU in 2024, up from 39.9% in 2023.
In the eurozone, the tax-to-GDP ratio also increased from 40.5% in 2023 to 40.9% in 2024.
In absolute terms, tax and social contribution revenues in the EU rose by 387 billion euros in 2024 compared to 2023, amounting to 7.281 trillion euros.
Portugal ranked mid-table among EU countries, with a tax-to-GDP ratio of 37.1%.
