The Nordic countries are high on the list of OECD member countries that have the highest taxes in proportion to GDP. With an average of 48.2 per cent of GDP, the Nordic countries were thus clearly higher than the average in the EU and OECD. Within the EU the average was 40.4 per cent, while in the OECD area the average was 32.6 per cent.
In 1995 Denmark and Sweden had the highest taxes in proportion to Gross Domestic Product, with respective rates of 51.7 and 50.2 per cent, according to new statistics from the OECD. Finland ranked fourth after the Czech Republic. Norway was in 13th place with 41.7 per cent, a level shared with countries such as Italy and Hungary.