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How Countries Compare on Tax Revenue

Tax revenue varies dramatically around the world, reflecting differences in tax systems, economic development, and other sources of government income.

Using the latest data from the International Monetary Fund (IMF), this graphic compares tax revenue as a share of GDP across countries in 2024.

Compare your country with its peers in the final table on this page.

Where Governments Rely Most on Taxes

Among wealthy economies, the differences are substantial. Denmark collects tax revenue equal to 45.3% of GDP, versus roughly 29% in Canada and Australia and just 19.5% in the United States.

These differences partly reflect how countries structure their tax systems and fund public services.

Nordic countries generally have broad tax bases that help finance extensive public programs, while the U.S. relies more heavily on private spending in areas such as healthcare and retirement.

The World’s Least Taxed Countries

At the other end of the ranking, oil-rich economies sit alongside some of the world’s poorest countries. Both collect relatively little in taxes, but for very different reasons.

For major oil producers, natural resources provide an alternative source of government revenue. Kuwait collects just 1.4% of GDP in taxes, while Qatar, Bahrain, and Oman are all below 5%.

In lower-income countries, low tax collections can instead reflect large informal economies and limited tax-collection capacity. Similar tax levels can therefore result from resource wealth in one country and difficulty raising revenue in another.

America’s Growing Tax and Spending Gap

The U.S. occupies an interesting position in the global comparison. Its tax take is lower than that of many other advanced economies, while federal spending is projected to remain substantially higher than federal revenues.

In 2026, federal spending is projected at 23.3% of GDP, versus revenues of 17.5%. By 2036, those figures are projected to reach 24.4% and 17.8%, respectively. Meanwhile, net interest is projected to more than double to $2.1 trillion, nearly matching all federal discretionary spending.

This leaves a persistent gap between what the federal government collects and what it spends, while a growing share of the budget goes toward servicing past borrowing.

Tax Revenue Around the World

Countries’ tax revenues vary based on development levels, institutional capacity, tax systems, and resource wealth. The table below lists countries worldwide by tax revenue as a percentage of GDP in 2024.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic breaking down income tax revenue by wealth bracket in America.

Does Your State Trade More With China or the EU?

China and the European Union are two of America’s biggest trading partners, but their influence looks very different from state to state.

This U.S. map highlights which states trade more with China versus the European Union, using 2025 data from the U.S. Census Bureau. Only goods trade is included; trade in services is excluded.

A Trade War on Two Fronts

Within months of the start of President Donald Trump’s second term, the U.S. announced sweeping tariffs on dozens of economies, including major trading partners such as China and the EU.

The U.S. initially announced a 34% reciprocal tariff on Chinese goods in April 2025, which was later raised above 100% amid retaliatory measures before being reduced. Against that backdrop, U.S.-China trade fell 29% from the previous year.

The table below lists U.S. states based on whether they traded more with China or the EU in 2025.

Four states shifted to trading more with the EU than China in 2025: Alaska, Illinois, Oregon, and Wyoming. They joined 41 other states and Washington, D.C., in the EU-oriented group.

With Illinois switching sides, every state east of the Mississippi River now trades more with the EU than with China.

How EU Trade Gained Ground

The EU was also subject to the so-called “Liberation Day” tariffs, initially facing a 20% reciprocal tariff. Following negotiations between the U.S. and European Commission, the two sides announced a trade deal in July 2025 that capped most U.S. tariffs on EU goods at 15%.

Over the full year, U.S.-China goods trade declined by more than a quarter, while total EU-U.S. trade increased from 2024.

The states trading the most with the EU were Texas ($114 billion), Indiana ($110 billion), and California ($67 billion). Indiana stands out in particular, with the EU accounting for about half of its goods trade, supported by the state’s large pharmaceutical industry and companies such as Eli Lilly.

The Five States Still Oriented Toward China

Only California, Nevada, New Mexico, South Dakota, and Washington traded more with China than with the European Union in 2025.

California led by a wide margin, recording more than $86 billion in two-way goods trade with China.

The five states have distinct industries that help explain their trade ties with China. These include California’s port-driven electronics imports, aerospace exports from Washington, and semiconductor production in New Mexico.

Learn More on the Voronoi App

To see how transatlantic trade ties are expanding, check out Revitalized U.S. Role in EU Trade since the Mid-2010s on Voronoi.