Tax revenue statistics published

Dec 07, 2020

Tax revenues fell across OECD countries for the first time in a decade during 2019. A much larger decrease is expected for 2020 due to the effects of the COVID-19 pandemic, according to new research.  

The OECD’s annual Revenue Statistics publication shows that the average tax-to-GDP ratio has fallen to 33.8 percent in 2019, a decrease of 0.1 percentage points since 2018. This was due to decreases in 15 OECD countries that were larger, on average, than the increases in the 20 remaining countries for which 2019 data were available. 

The report outlines how the COVID-19 crisis is likely to significantly hit tax revenues in 2020, particularly from consumption taxes, due to the sharp fall in economic activity and consumption following lockdowns and the forced closure of many businesses.  

The table for Ireland (page 205) shows information from 1965 – 2018. Total tax revenue reached €67,468 million in 2018.   

For more information read the OECD’s update.