Iceland vs Mexico: Financing of social security benefits in OECD member countries — Tax
Iceland
2.98 Percentage of GDP
in 2024
Mexico
2.51 Percentage of GDP
in 2024
Iceland rank
29th
Mexico rank
30th
Financing of social security benefits in OECD member countries — Tax over time
- Iceland
- Mexico
How they compare
Iceland currently reports 2.98 Percentage of GDP against 2.51 Percentage of GDP in Mexico, a difference of 0.47 Percentage of GDP.
That makes Iceland's figure about 1.2 times Mexico's.
The two have swapped places 1 time across 45 shared years of data; in 1980 it was Mexico ahead.
Iceland ranks 29th and Mexico ranks 30th of 33 countries.
Across the 5 decades both report, Iceland averaged higher in 4 and Mexico in 1.
Head to head by decade
| Decade | Iceland | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.6743 Percentage of GDP | 1.74 Percentage of GDP | 1.07 Percentage of GDP | Mexico |
| 1990s | 2.32 Percentage of GDP | 2.02 Percentage of GDP | 0.3013 Percentage of GDP | Iceland |
| 2000s | 2.83 Percentage of GDP | 2.02 Percentage of GDP | 0.8103 Percentage of GDP | Iceland |
| 2010s | 3.47 Percentage of GDP | 2.07 Percentage of GDP | 1.39 Percentage of GDP | Iceland |
| 2020s | 2.96 Percentage of GDP | 2.38 Percentage of GDP | 0.5804 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, Iceland or Mexico?
- Iceland, at 2.98 Percentage of GDP against 2.51 Percentage of GDP in Mexico as of 2024.
- What is the difference in financing of social security benefits in oecd member countries — tax between Iceland and Mexico?
- 0.47 Percentage of GDP, with Iceland ahead.
- How many years of comparable data are there for Iceland and Mexico?
- 45 years are reported by both, from 1980 to 2024.
- How do Iceland and Mexico rank globally for financing of social security benefits in oecd member countries — tax?
- Iceland ranks 29th and Mexico ranks 30th 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.