The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), stood at 40.0% in the EU in 2023, a decrease compared with 2022 (40.7%). In the euro area, the tax-to-GDP ratio also decreased from 41.4% in 2022 to 40.6% in 2023. In absolute terms, in 2023, revenue from taxes and social contributions increased by €308 billion in the EU compared with 2022, to stand at €6 883 billion. (....)