We looked at social spending as a percentage of GDP in OECD countries last week.The following chart shows public social spending as a percentage of GDP. France is the biggest social spender and most of developed Europe spends higher than the OECD average on public spending because of highly liberal social benefits. The US ranks …
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Labor productivity is an important factor that is used not only by economists but also by successful companies. The measure shows how productive labor is for a given hour, day, month, etc. Higher the productivity better the performance of a company or in the case of a country the higher the GDP. According to OECD, …
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The corporate income tax rate in the most European countries range between 19 and 25 percent according to OECD data. France has the highest corporate income tax rate at 34.4% while Hungary has the lowest at just 9%. Click to enlarge Source: Corporate Income Tax Rates in Europe, Tax Foundation
European member countries in the OECD are some of the big spenders on social spending. France tops the ranking in terms of gross public and total net social spending as a percentage of GDP. This is not surprising as the country has some of the best safety net systems in the world. It is not …
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