-
Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
-
Greece digests EU-US trade deal amid mixed reaction
-
Jump in corporate deposits takes balance to highest since Jan 2011
-
Car registrations rise by 13.5 pct YoY in May to highest since 2010
-
Finance Ministry seeks solutions to address growing housing problem
-
Scope leaves rating at 'BBB' and outlook unchanged at stable
Eurostat 2012 figures raise questions about Greece's tax policy
Greek tax revenue as a percentage of GDP rose to 33.7 percent in 2012 from 32.4 percent in 2011, according to data provided by Eurostat this week. Greek ratios remain well below both the eurozone average (39.5 percent in 2011 and 40.4 percent in 2012) as well as the EU average (38.8 and 39.4 percent respectively).
Taking into account the nominal GDP contraction of 7.3 percent in 2012, we conclude that the recorded increase of the Greek ratio in 2012 mostly reflects the denominator effect rather than a rise in the tax revenues.
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €530 per year.
€530.00