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The country of the EU France accounts for the highest GDP tax (48.4%), followed by Belgium and Denmark (47.3% and 46.5% respectively).
In Sweden, the figure, including taxes and social security contributions, stood at 44.9% of GDP last year, according to a recent Eurostat summary. This represented an increase of 44.8% in 2016.
The lowest tax rate as a percentage of GDP among the 28 EU Member States had Ireland at 23.5%.
Increase in the EU average last year at 40.2%, compared to 39.9%, while the euro area average reached 41.4%, against 41.2% a year earlier.
In the economic engine of the EU, Germany, the tax accounts for 40.5% of GDP. The tax as a percentage of GDP in neighboring Norway rose to 38.9% last year.
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