Financing of social security benefits in OECD member countries — Tax in Belgium
Belgium: Financing of social security benefits in OECD member countries — Tax was 13.12 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
13.12 Percentage of GDP
Change on year
up 1.6%
World rank
8th
of 33 countries
All-time high
14.68 Percentage of GDP
in 1993
All-time low
9.61 Percentage of GDP
in 1970
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Belgium, 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 Belgium stood at 13.12 Percentage of GDP.
That represents a change of up 1.6% on the previous year and down 6.9% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Belgium peaked at 14.68 Percentage of GDP in 1993 and was at its lowest, 9.61 Percentage of GDP, in 1970.
Belgium ranks 8th of 33 countries on this measure, in the top quarter.
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 Belgium, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 9.68 Percentage of GDP | — |
| 1966 | 10 Percentage of GDP | +3.3% |
| 1967 | 9.97 Percentage of GDP | -0.3% |
| 1968 | 10.09 Percentage of GDP | +1.2% |
| 1969 | 10.05 Percentage of GDP | -0.4% |
| 1970 | 9.61 Percentage of GDP | -4.4% |
| 1971 | 10.09 Percentage of GDP | +5.0% |
| 1972 | 10.32 Percentage of GDP | +2.3% |
| 1973 | 10.56 Percentage of GDP | +2.3% |
| 1974 | 10.8 Percentage of GDP | +2.2% |
| 1975 | 11.75 Percentage of GDP | +8.8% |
| 1976 | 11.82 Percentage of GDP | +0.6% |
| 1977 | 11.98 Percentage of GDP | +1.3% |
| 1978 | 11.79 Percentage of GDP | -1.6% |
| 1979 | 11.84 Percentage of GDP | +0.5% |
| 1980 | 11.74 Percentage of GDP | -0.8% |
| 1981 | 11.96 Percentage of GDP | +1.9% |
| 1982 | 12.13 Percentage of GDP | +1.4% |
| 1983 | 12.65 Percentage of GDP | +4.3% |
| 1984 | 13.29 Percentage of GDP | +5.1% |
| 1985 | 13.81 Percentage of GDP | +4.0% |
| 1986 | 14.12 Percentage of GDP | +2.2% |
| 1987 | 14.52 Percentage of GDP | +2.8% |
| 1988 | 13.99 Percentage of GDP | -3.7% |
| 1989 | 13.65 Percentage of GDP | -2.4% |
| 1990 | 13.75 Percentage of GDP | +0.7% |
| 1991 | 14.27 Percentage of GDP | +3.8% |
| 1992 | 14.46 Percentage of GDP | +1.3% |
| 1993 | 14.68 Percentage of GDP | +1.5% |
| 1994 | 14.36 Percentage of GDP | -2.2% |
| 1995 | 14.04 Percentage of GDP | -2.2% |
| 1996 | 14.11 Percentage of GDP | +0.5% |
| 1997 | 13.93 Percentage of GDP | -1.3% |
| 1998 | 13.98 Percentage of GDP | +0.4% |
| 1999 | 13.92 Percentage of GDP | -0.4% |
| 2000 | 13.51 Percentage of GDP | -3.0% |
| 2001 | 13.69 Percentage of GDP | +1.3% |
| 2002 | 13.91 Percentage of GDP | +1.6% |
| 2003 | 13.8 Percentage of GDP | -0.7% |
| 2004 | 13.5 Percentage of GDP | -2.2% |
| 2005 | 13.3 Percentage of GDP | -1.5% |
| 2006 | 13.26 Percentage of GDP | -0.3% |
| 2007 | 13.35 Percentage of GDP | +0.7% |
| 2008 | 13.79 Percentage of GDP | +3.3% |
| 2009 | 14.23 Percentage of GDP | +3.2% |
| 2010 | 13.91 Percentage of GDP | -2.3% |
| 2011 | 13.98 Percentage of GDP | +0.5% |
| 2012 | 14.2 Percentage of GDP | +1.6% |
| 2013 | 14.28 Percentage of GDP | +0.6% |
| 2014 | 14.1 Percentage of GDP | -1.3% |
| 2015 | 13.95 Percentage of GDP | -1.0% |
| 2016 | 13.69 Percentage of GDP | -1.9% |
| 2017 | 13.46 Percentage of GDP | -1.7% |
| 2018 | 13.28 Percentage of GDP | -1.3% |
| 2019 | 12.97 Percentage of GDP | -2.3% |
| 2020 | 13.61 Percentage of GDP | +4.9% |
| 2021 | 12.95 Percentage of GDP | -4.9% |
| 2022 | 12.6 Percentage of GDP | -2.7% |
| 2023 | 12.91 Percentage of GDP | +2.5% |
| 2024 | 13.12 Percentage of GDP | +1.6% |
Belgium compared with similar countries
- Belgium's 13.12 Percentage of GDP is above the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 1.1× the median. (25 countries reporting)
- Belgium's 13.12 Percentage of GDP is above the median for high income countries, which is 10.73 Percentage of GDP, 1.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.96 Percentage of GDP | 9.68 Percentage of GDP | 10.09 Percentage of GDP | 5 |
| 1970s | 11.05 Percentage of GDP | 9.61 Percentage of GDP | 11.98 Percentage of GDP | 10 |
| 1980s | 13.19 Percentage of GDP | 11.74 Percentage of GDP | 14.52 Percentage of GDP | 10 |
| 1990s | 14.15 Percentage of GDP | 13.75 Percentage of GDP | 14.68 Percentage of GDP | 10 |
| 2000s | 13.63 Percentage of GDP | 13.26 Percentage of GDP | 14.23 Percentage of GDP | 10 |
| 2010s | 13.78 Percentage of GDP | 12.97 Percentage of GDP | 14.28 Percentage of GDP | 10 |
| 2020s | 13.04 Percentage of GDP | 12.6 Percentage of GDP | 13.61 Percentage of GDP | 5 |
Countries ranked near Belgium
More economy & growth data for Belgium
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -19.31 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0266 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -1,617 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -28.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.39 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0397 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -2,411 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 33.22 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Belgium?
- Financing of social security benefits in oecd member countries — tax in Belgium was 13.12 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 Belgium?
- The highest recorded value was 14.68 Percentage of GDP in 1993.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Belgium?
- The lowest recorded value was 9.61 Percentage of GDP in 1970.
- How does Belgium rank for financing of social security benefits in oecd member countries — tax?
- Belgium ranks 8th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Belgium?
- Over the last ten years it is down 6.9%. The long-run trend across the full record is rising.
- Where does this Belgium 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.
Download this data
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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.