Contribution of Tax Revenue to the GDP of Bangladesh: A Comparative Study with Developing and Developed Countries

Dr. Shakhawat Hossain Sarkar

doi:https://doi.org/10.17492/jpi.vision.v10i1.1012301

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Contribution of Tax Revenue to the GDP of Bangladesh: A Comparative Study with Developing and Developed Countries

Shakhawat Hossain Sarkar

https://doi.org/10.17492/jpi.vision.v10i1.1012301

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Published Online: June 24, 2023

Author Details ( * ) denotes Corresponding author

1. * Shakhawat Hossain Sarkar, Professor, Department of Accounting and Information Systems, Jatiya Kabi Kazi Nazrul Islam University, Mymensingh, University, Bangladesh (sarkar_knu@yahoo.com)

The study intends to compare the level of tax revenue contribution to the GDP of Bangladesh with SAARC countries and some groups of countries and the world average. Descriptive statistics have been used to determine the comparative scenario. The independent sample t-test is applied to examine the relationship using secondary sources of data collected from the world development indicators of the World Bank. The statistical results indicate that the Tax-to-GDP ratio of Bangladesh is the lowest among SAARC countries, the south Asian average, and the world average and far behind OECD and developed countries’ average. The research adds value to the public finance literature and provides a message to policy planners and practising authorities.

Keywords

Comparative Tax-to-GDP ratio; Contribution; SAARC countries; Bangladesh

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