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10 countries with highest tax ratio

Last updated on: September 13, 2011 09:42 IST

Image: Taxes vary across the world.
While some countries, mainly in Europe, have high taxes, there are some that have low tax-GDP ratio.

Let us have a look at top 10 countries with highest tax-GDP ratio.

The rankings are NOT based on just income tax or corporate tax, but on overall share of taxes in the country's GDP.

The Organization for Economic Cooperation and Development looks at internationally comparative data based on public revenue from tax contributions as a percentage of gross domestic product for each country, then ranks them based on the highest and lowest overall tax rates.

Click NEXT to see where India stands...

10 countries with highest tax ratio

Image: India has a tax-GDP ratio of little above 10 per cent.

India

Tax rate as percentage of GDP: 10

GDP: $1.53 trillion

Total population: 1.2 billion

Life expectancy: 66.8

Unemployment: 9.4 per cent

Click NEXT to see the top 10 countries...

10 countries with highest tax ratio

Image: Denmark has the highest tax-GDP ratio.

1. Denmark

Tax rate as percentage of GDP: 48.2

GDP: $309.60 billion

Total population: 5.5 million

Life expectancy: 79

Unemployment: 3.3 per cent

...

10 countries with highest tax ratio

Image: Sweden has a population of 9.3 million.

2. Sweden

Tax rate as percentage of GDP: 46.4

GDP: $406.07 billion

Total population: 9.3 million

Life expectancy: 81

Unemployment: 6.2 per cent

...

10 countries with highest tax ratio

Image: Tax rate as percentage of GDP in Italy is 43.5.

3. Italy

Tax rate as percentage of GDP: 43.5

GDP: $2.30 trillion

Total population: 60.2 million

Life expectancy: 82

Unemployment: 6.7 per cent

...

10 countries with highest tax ratio

Image: Life expectancy in Belgium is 80.

4. Belgium

Taxes as percentage of GDP: 43.2

GDP: $471.16 billion

Total population: 10.8 million

Life expectancy: 80

Unemployment: 7.0 per cent

...

10 countries with highest tax ratio

Image: Unemployment in Finland is 6.4 per cent.

5. Finland

Tax rate as percentage of GDP: 43.1

GDP: $237.99 billion

Total population: 5.3 million

Life expectancy: 80

Unemployment: 6.4 per cent

...

10 countries with highest tax ratio

Image: Tax rate as percentage of GDP in Austria is 42.8.

6. Austria

Tax rate as percentage of GDP: 42.8

GDP: $381.08 billion

Total population: 8.4 million

Life expectancy: 80

Unemployment: 3.8 per cent

...

10 countries with highest tax ratio

Image: Total population of France is 62.6 million.

7. France

Tax rate as percentage of GDP: 41.9

GDP: $2.85 trillion

Total population: 62.6 million

Life expectancy: 82

Unemployment: 7.4 per cent

...

10 countries with highest tax ratio

Image: Tax rate as percentage of GDP in Norway is 41.0.

8. Norway

Tax rate as percentage of GDP: 41.0

GDP: $381.77 billion

Total population: 4.8 million

Life expectancy: 81

Unemployment: 2.6 per cent

...

10 countries with highest tax ratio

Image: Life expectancy in Hungary is 74.

9. Hungary

Tax rate as percentage of GDP: 39.1

GDP: $128.96 billion

Total population: 10.0 million

Life expectancy: 74

Unemployment: 7.8 per cent

...

10 countries with highest tax ratio

Image: GDP of Slovenia is $48.48 billion.

10. Slovenia

Tax rate as percentage of GDP: 37.9

GDP: $48.48 billion

Total population: 2.0 million

Life expectancy: 79

Unemployment: 4.4 per cent