Greece has one of the highest ratios of tax revenues to gross domestic product for 2023 among the 29 countries monitored by the Organisation for Economic Co-operation and Development (OECD), according to a report published today (Thursday).

Specifically, and based on the OECD's preliminary data, tax revenues as a percentage of GDP for last year stood at 39.8%, slightly down from 2022 (41.2%) and 2021 (40%). Note that 41.2% in 2022 ranked Greece among only 7 countries whose percentage was higher than 40%.

Despite the slight decline, this rate is among the highest among OECD countries, with rates ranging from 17.7% lower (Mexico) to 43.8% higher (France).

As noted in the report, in the long term and comparing the rates in 2023 with respect to 2010, Greece shows the third highest increase of 7.5%, behind Japan (8.2%) and Slovakia (7.5%).

"Passing" the threshold above 40% where 9 countries are located, Greece is the country with the next highest rate.

The "champion" in terms of tax revenue as a percentage of GDP is France with 43.8%, followed by Italy (42.8%) and Austria (42.7%).