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EU and euro area tax-to-GDP ratio down in 2023

EU and euro area tax-to-GDP ratio down in 2023

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- ...

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Growing EU trade of electric & hybrid cars

Growing EU trade of electric & hybrid cars

Disclaimer: This news item was updated with data extracted on 17 October. Between 2017 and 2023, EU trade of electric and hybrid cars increased substantially. In 2023, 44% of the total number of cars imported into the EU were electric ...

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Rail passenger transport reaches new peak in 2023

Rail passenger transport reaches new peak in 2023

In 2023, 429 billion passenger-kilometres (pkm) were registered via rail, up from 386 billion in 2022 (+11.2%). This is the highest number reported by main rail undertakings since the start of the data collection in 2004. The demand for ...

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12% of the EU's labour potential remains unexploited

12% of the EU's labour potential remains unexploited

In 2023, labour market slack accounted for 12.0% of the extended labour force, meaning that 27.1 million people aged 15 to 74 years in the EU were offering an unmatched supply of labour on the market, either because they were ...

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Record high employment rate, regional disparities

Record high employment rate, regional disparities

In 2023, the EU’s employment rate stood at 75.3%, up 0.7 percentage points (pp) compared with 2022. This is the highest level in the entire available time series. Among the EU regions at level 2 of the nomenclature of territorial units ...

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Tax hikes hinder gas price drop, raise electricity costs

Tax hikes hinder gas price drop, raise electricity costs

In the first half of 2024, average household electricity prices in the EU recorded a small rise compared with the second half of 2023, from €28.3 per 100 kWh to €28.9 per 100 kWh. Despite reductions in the cost of energy, supply and ...

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