Archive for September, 2009
Tax Revenue in Germany by Tax Types 2008
The Tax Revenue in Germany by Tax Types chart for 2008 shows that the largest tax type is turnover tax. This tax is “similar to a sales tax or a VAT, with the difference that it taxes intermediate and possibly capital goods.” Unlike a sales tax, turnover tax is assessed when the manufacture of a product is completed.
The second largest tax type was wage tax at about 142B Euros. Tobacco users also contributed one of the highest tax types with a total of 13.6 B Euros.
Germany Tax Revenue by Tax Type 2008
From the Statistics Germany:
“In 2008 the Federal Republic of Germany had cash tax revenues of 561.2 billion euro in total. The largest share was contributed by community taxes with 396.5 billion euro, of which the most important one was the turnover tax (including import turnover tax) with 176.0 billion euro.”
Largest manufacturers of bicycles in Europe in 2008
The Netherlands was the largest manufacturers of bicycles in Europe in 2008 according to data from Eurostat.
The total value of bicycles manufactured in the EU was 1.9B Euros in 2008.Out of this, The Netherlands accounted for more than 30%, making it the largest bike maker in Europe. This was 20% more than 2007.
Largest manufacturer of bicycles in Europe
Source: Statistics Netherlands
Denmark Government Debt and Interest Costs
All the Scandinavian countries have very low debt. The following chart shows the government debt of Denmark:
As the chart shows, in recent years the Danish government debt has fallen significantly From DKK 600 billion in 1997 it fell to DKK 195 billion in 2008.This corresponds to 53% of GDP to 11% of GDP.
On the interest costs side, from DKK 43.5 billion in 1997 it has fellen to DKK 11.6 billion in 2008.This corresponds to a decline of 3.9% of GDP to 0.7% of GDP.
Source: Denmark National Bank
New Zealand Unemployment Rate and HouseHold Debt
New Zealand Unemployment Rate
After peaking in the early 1990s, the unemployment rate, as measured by Statistics New Zealand’s Household Labour Force Survey, has fallen to levels not experienced for two decades
Household debt
By December 2008 the outstanding total debt of households had increased more than six times in dollar terms since 1990. As a percentage of households’ disposable income, household debt peaked at over 160% early in 2008, nearing 3 times the December 1990 level. The weighted average interest rate on total household debt however had fallen from over 15% to just above 8.5% per annum (at December 2008, 92% of household debt was housing debt, at an average rate of around 8%). Interest servicing of the increased debt, as a percentage of incomes, was 50% higher than in 1990. At current levels, the ratio of household debt to income (excluding student loans) is similar to those found in Australia and the UK.
Source: Reserve Bank of New Zealand
