The table illustrates the tax revenues as a percentage of GDP in Sweden, The USA, Korea, Japan, and Turkey in four specific time from 1975 to 2005.
Overall, Sweden, Japan, and The USA experienced a upward trend in GPD ratio, while Korea and Turkey demonstrate minor fluctuate in 30 years period. Another outstanding feature is that the tax collection of Sweden registered the highest proportions manifested the most dramatic growth by the end of the period.
In 1975, Sweden was the leading country, with tax revenue accounting for 46% of its GDP. After rising slightly by 1%, the figure for Sweden moderatly increase to 51% in 1995. This was followed by a significant improvement to 70.1% in 2005. A similar upward trend observed in Japan. Tax collection ratio experienced a moderate rise by 8% in 1995, followed by a sharp rise to 32.1% at the end of the period. Meanwhile, the USA started at 25.1% and maintained a very stable but gradual growth, marginally increasing every decade to end at 27.4% in 2005.
Otherwise, In 1975, Korea’s figure stood at 15.1%, which then skyrocket to 27% in 1985, surpassing the USA. However, it underwent a minor decrease to 26% in 1995 before recovering slightly to finish at 27.3% by 2005. Moreover, apart from a gradual reduction to 15%, it climbed rapidly to 27,4%, reaching an identical level to that of the USA and Korea.
