Financing of social security benefits in OECD member countries — Tax in Austria
Austria: Financing of social security benefits in OECD member countries — Tax was 15.61 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
15.61 Percentage of GDP
Change on year
up 4.5%
World rank
3rd
of 33 countries
All-time high
15.66 Percentage of GDP
in 2020
All-time low
8.39 Percentage of GDP
in 1965
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Austria, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, financing of social security benefits in oecd member countries — tax in Austria stood at 15.61 Percentage of GDP.
The figure is up 4.5% on the previous year and up 5.7% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Austria peaked at 15.66 Percentage of GDP in 2020 and was at its lowest, 8.39 Percentage of GDP, in 1965.
That places Austria 3rd out of 33 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 60 years of available data.
Financing of social security benefits in OECD member countries — Tax in Austria, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 8.39 Percentage of GDP | — |
| 1966 | 8.56 Percentage of GDP | +2.0% |
| 1967 | 8.7 Percentage of GDP | +1.7% |
| 1968 | 8.82 Percentage of GDP | +1.3% |
| 1969 | 8.92 Percentage of GDP | +1.1% |
| 1970 | 8.57 Percentage of GDP | -3.9% |
| 1971 | 8.84 Percentage of GDP | +3.1% |
| 1972 | 8.75 Percentage of GDP | -0.9% |
| 1973 | 8.99 Percentage of GDP | +2.7% |
| 1974 | 9.27 Percentage of GDP | +3.1% |
| 1975 | 10.06 Percentage of GDP | +8.5% |
| 1976 | 10.16 Percentage of GDP | +1.0% |
| 1977 | 10.51 Percentage of GDP | +3.4% |
| 1978 | 11.77 Percentage of GDP | +12.0% |
| 1979 | 11.6 Percentage of GDP | -1.4% |
| 1980 | 11.97 Percentage of GDP | +3.2% |
| 1981 | 12.39 Percentage of GDP | +3.5% |
| 1982 | 12.23 Percentage of GDP | -1.3% |
| 1983 | 12.16 Percentage of GDP | -0.6% |
| 1984 | 12.62 Percentage of GDP | +3.8% |
| 1985 | 12.91 Percentage of GDP | +2.3% |
| 1986 | 12.9 Percentage of GDP | -0.1% |
| 1987 | 12.95 Percentage of GDP | +0.4% |
| 1988 | 13.1 Percentage of GDP | +1.1% |
| 1989 | 13.03 Percentage of GDP | -0.5% |
| 1990 | 12.96 Percentage of GDP | -0.5% |
| 1991 | 13.05 Percentage of GDP | +0.7% |
| 1992 | 13.67 Percentage of GDP | +4.8% |
| 1993 | 14.22 Percentage of GDP | +4.0% |
| 1994 | 14.68 Percentage of GDP | +3.2% |
| 1995 | 14.88 Percentage of GDP | +1.4% |
| 1996 | 14.93 Percentage of GDP | +0.4% |
| 1997 | 14.87 Percentage of GDP | -0.5% |
| 1998 | 14.8 Percentage of GDP | -0.5% |
| 1999 | 14.73 Percentage of GDP | -0.5% |
| 2000 | 14.47 Percentage of GDP | -1.8% |
| 2001 | 14.42 Percentage of GDP | -0.3% |
| 2002 | 14.27 Percentage of GDP | -1.1% |
| 2003 | 14.28 Percentage of GDP | +0.1% |
| 2004 | 14.23 Percentage of GDP | -0.4% |
| 2005 | 14.1 Percentage of GDP | -0.9% |
| 2006 | 13.95 Percentage of GDP | -1.0% |
| 2007 | 13.73 Percentage of GDP | -1.6% |
| 2008 | 13.87 Percentage of GDP | +1.0% |
| 2009 | 14.31 Percentage of GDP | +3.2% |
| 2010 | 14.2 Percentage of GDP | -0.8% |
| 2011 | 14.18 Percentage of GDP | -0.2% |
| 2012 | 14.31 Percentage of GDP | +0.9% |
| 2013 | 14.71 Percentage of GDP | +2.8% |
| 2014 | 14.77 Percentage of GDP | +0.4% |
| 2015 | 14.73 Percentage of GDP | -0.3% |
| 2016 | 14.69 Percentage of GDP | -0.2% |
| 2017 | 14.8 Percentage of GDP | +0.7% |
| 2018 | 14.91 Percentage of GDP | +0.7% |
| 2019 | 15.05 Percentage of GDP | +1.0% |
| 2020 | 15.66 Percentage of GDP | +4.0% |
| 2021 | 15.47 Percentage of GDP | -1.2% |
| 2022 | 14.78 Percentage of GDP | -4.4% |
| 2023 | 14.94 Percentage of GDP | +1.0% |
| 2024 | 15.61 Percentage of GDP | +4.5% |
Austria compared with similar countries
- Austria's 15.61 Percentage of GDP is above the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 1.3× the median. (25 countries reporting)
- Austria's 15.61 Percentage of GDP is above the median for high income countries, which is 10.73 Percentage of GDP, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.68 Percentage of GDP | 8.39 Percentage of GDP | 8.92 Percentage of GDP | 5 |
| 1970s | 9.85 Percentage of GDP | 8.57 Percentage of GDP | 11.77 Percentage of GDP | 10 |
| 1980s | 12.63 Percentage of GDP | 11.97 Percentage of GDP | 13.1 Percentage of GDP | 10 |
| 1990s | 14.28 Percentage of GDP | 12.96 Percentage of GDP | 14.93 Percentage of GDP | 10 |
| 2000s | 14.16 Percentage of GDP | 13.73 Percentage of GDP | 14.47 Percentage of GDP | 10 |
| 2010s | 14.64 Percentage of GDP | 14.18 Percentage of GDP | 15.05 Percentage of GDP | 10 |
| 2020s | 15.29 Percentage of GDP | 14.78 Percentage of GDP | 15.66 Percentage of GDP | 5 |
Countries ranked near Austria
More economy & growth data for Austria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.801 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.9157 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -6.07 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -658.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -11.68 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -185.54 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0202 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,269 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 50.93 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Austria?
- Financing of social security benefits in oecd member countries — tax in Austria was 15.61 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest financing of social security benefits in oecd member countries — tax recorded in Austria?
- The highest recorded value was 15.66 Percentage of GDP in 2020.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Austria?
- The lowest recorded value was 8.39 Percentage of GDP in 1965.
- How does Austria rank for financing of social security benefits in oecd member countries — tax?
- Austria ranks 3rd out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Austria?
- Over the last ten years it is up 5.7%. The long-run trend across the full record is rising.
- Where does this Austria data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Financing of social security benefits in OECD member countries — Tax revenue. Statizoid updates them automatically from the source API.
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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.