The table illustrates how much tax was imposed (as % of GDP) in five different nations for 4 years from 1975 to 2005.
Overall, the proportion of tax collected in all nations increased significantly. Also, Sweden had the highest percentage of GDP in taxes collected during the period.
Regarding the countries that had the highest percentage of GDP derived from tax revenues, In 1975, 46% of GDP in taxes was assessed in Sweden, compared to nearly half of those (25,1%) in the USA. In the next three years, the percentage of tax collected in both nations witnessed a gradual increase, reaching to 51% and 27%, respectively. In the last year 2005, while the data for Sweden rocketed to 70%, the proportion of GDP in taxes in the USA went up to only 27%.
As for the remaining nations, Korea, Japan, Turkey gathered only around 15% on each in taxes in 1975. However, In 1985, while the percentage of GDP derived from tax revenues in Japan and Turkey stayed nearly unchanged, at about 15% each, the data for Korea experienced a sharp increase to 27,3%, nearly twice that of 1975. In 2005, Korea remained nearly stable in the amount of tax collected (as % of GDP). Meanwhile, Japan and Turkey experienced sharp rises, with their figures climbing to 32.1% and 27.4%, respectively.
