Chile vs Iceland: Financing of social security benefits in OECD member countries — Tax

Chile
1.18 Percentage of GDP
in 2024
Iceland
2.98 Percentage of GDP
in 2024
Chile rank
32nd
Iceland rank
29th

Financing of social security benefits in OECD member countries — Tax over time

  • Chile
  • Iceland
1234196519942024

How they compare

Iceland currently reports 2.98 Percentage of GDP against 1.18 Percentage of GDP in Chile, a difference of 1.8 Percentage of GDP.

That makes Iceland's figure about 2.5 times Chile's.

The two have swapped places 1 time across 35 shared years of data; in 1990 it was Chile ahead.

Chile ranks 32nd and Iceland ranks 29th of 33 countries.

Iceland has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Chile Iceland Difference Ahead
1990s 1.33 Percentage of GDP 2.32 Percentage of GDP 0.9941 Percentage of GDP Iceland
2000s 1.36 Percentage of GDP 2.83 Percentage of GDP 1.47 Percentage of GDP Iceland
2010s 1.43 Percentage of GDP 3.47 Percentage of GDP 2.04 Percentage of GDP Iceland
2020s 1.21 Percentage of GDP 2.96 Percentage of GDP 1.75 Percentage of GDP Iceland

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, Chile or Iceland?
Iceland, at 2.98 Percentage of GDP against 1.18 Percentage of GDP in Chile as of 2024.
What is the difference in financing of social security benefits in oecd member countries — tax between Chile and Iceland?
1.8 Percentage of GDP, with Iceland ahead.
How many years of comparable data are there for Chile and Iceland?
35 years are reported by both, from 1990 to 2024.
How do Chile and Iceland rank globally for financing of social security benefits in oecd member countries — tax?
Chile ranks 32nd and Iceland ranks 29th 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.

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Chile vs Iceland: Financing of social security benefits in OECD member countries — Tax. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 16 September 2026, from https://economy.statizoid.com/compare/financing-of-social-security-benefits-in-oecd-member-countries-tax-revenue/chile/iceland/

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About this data

Indicator
Financing of social security benefits in OECD member countries — Tax revenue
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
36 places, 1,787 data points, 1965–2024
Last refreshed

Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.