Austria vs Korea: Financing of social security benefits in OECD member countries — Tax
Austria
15.61 Percentage of GDP
in 2024
Korea
7.66 Percentage of GDP
in 2024
Austria rank
3rd
Korea rank
2nd
Financing of social security benefits in OECD member countries — Tax over time
- Austria
- Korea
How they compare
Austria currently reports 15.61 Percentage of GDP against 7.66 Percentage of GDP in Korea, a difference of 7.95 Percentage of GDP.
That makes Austria's figure about 2.0 times Korea's.
Across all 53 years both countries report, Austria has been ahead every year.
Austria ranks 3rd and Korea ranks 2nd of 33 countries.
Austria has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Austria | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 10.14 Percentage of GDP | 0.1307 Percentage of GDP | 10.01 Percentage of GDP | Austria |
| 1980s | 12.63 Percentage of GDP | 0.2819 Percentage of GDP | 12.34 Percentage of GDP | Austria |
| 1990s | 14.28 Percentage of GDP | 2.37 Percentage of GDP | 11.91 Percentage of GDP | Austria |
| 2000s | 14.16 Percentage of GDP | 4.33 Percentage of GDP | 9.84 Percentage of GDP | Austria |
| 2010s | 14.64 Percentage of GDP | 5.94 Percentage of GDP | 8.7 Percentage of GDP | Austria |
| 2020s | 15.29 Percentage of GDP | 7.55 Percentage of GDP | 7.74 Percentage of GDP | Austria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financing of social security benefits in oecd member countries — tax, Austria or Korea?
- Austria, at 15.61 Percentage of GDP against 7.66 Percentage of GDP in Korea as of 2024.
- What is the difference in financing of social security benefits in oecd member countries — tax between Austria and Korea?
- 7.95 Percentage of GDP, with Austria ahead.
- How many years of comparable data are there for Austria and Korea?
- 53 years are reported by both, from 1972 to 2024.
- How do Austria and Korea rank globally for financing of social security benefits in oecd member countries — tax?
- Austria ranks 3rd and Korea ranks 2nd of 33 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Financing of social security benefits in OECD member countries — Tax revenue. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.