Financing of social security benefits in OECD member countries — Tax in Canada
Canada: Financing of social security benefits in OECD member countries — Tax was 5.28 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
5.28 Percentage of GDP
Change on year
up 2.0%
World rank
26th
of 33 countries
All-time high
5.28 Percentage of GDP
in 2024
All-time low
1.39 Percentage of GDP
in 1965
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Canada, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Canada recorded 5.28 Percentage of GDP for financing of social security benefits in oecd member countries — tax in 2024. That is the highest value across all 60 years on record.
That represents a change of up 2.0% on the previous year and up 12.9% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Canada peaked at 5.28 Percentage of GDP in 2024 and was at its lowest, 1.39 Percentage of GDP, in 1965.
That places Canada 26th out of 33 countries with data for 2024, putting it in the bottom 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 Canada, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 1.39 Percentage of GDP | — |
| 1966 | 2.33 Percentage of GDP | +66.8% |
| 1967 | 2.36 Percentage of GDP | +1.5% |
| 1968 | 2.5 Percentage of GDP | +6.1% |
| 1969 | 2.79 Percentage of GDP | +11.3% |
| 1970 | 2.89 Percentage of GDP | +3.5% |
| 1971 | 2.78 Percentage of GDP | -3.9% |
| 1972 | 2.71 Percentage of GDP | -2.4% |
| 1973 | 2.66 Percentage of GDP | -2.0% |
| 1974 | 2.91 Percentage of GDP | +9.6% |
| 1975 | 3.13 Percentage of GDP | +7.4% |
| 1976 | 3.38 Percentage of GDP | +8.1% |
| 1977 | 3.35 Percentage of GDP | -1.0% |
| 1978 | 3.42 Percentage of GDP | +2.2% |
| 1979 | 3.18 Percentage of GDP | -7.1% |
| 1980 | 3.2 Percentage of GDP | +0.6% |
| 1981 | 3.75 Percentage of GDP | +17.4% |
| 1982 | 3.81 Percentage of GDP | +1.4% |
| 1983 | 4.23 Percentage of GDP | +11.1% |
| 1984 | 4.08 Percentage of GDP | -3.6% |
| 1985 | 4.26 Percentage of GDP | +4.5% |
| 1986 | 4.51 Percentage of GDP | +5.8% |
| 1987 | 4.53 Percentage of GDP | +0.5% |
| 1988 | 4.31 Percentage of GDP | -4.8% |
| 1989 | 4.17 Percentage of GDP | -3.3% |
| 1990 | 4.26 Percentage of GDP | +2.2% |
| 1991 | 4.67 Percentage of GDP | +9.5% |
| 1992 | 4.98 Percentage of GDP | +6.8% |
| 1993 | 4.89 Percentage of GDP | -1.9% |
| 1994 | 5.02 Percentage of GDP | +2.6% |
| 1995 | 4.85 Percentage of GDP | -3.4% |
| 1996 | 4.89 Percentage of GDP | +1.0% |
| 1997 | 4.76 Percentage of GDP | -2.6% |
| 1998 | 4.96 Percentage of GDP | +4.0% |
| 1999 | 4.75 Percentage of GDP | -4.2% |
| 2000 | 4.72 Percentage of GDP | -0.7% |
| 2001 | 4.84 Percentage of GDP | +2.5% |
| 2002 | 5.03 Percentage of GDP | +4.0% |
| 2003 | 5.06 Percentage of GDP | +0.5% |
| 2004 | 4.89 Percentage of GDP | -3.4% |
| 2005 | 4.82 Percentage of GDP | -1.4% |
| 2006 | 4.77 Percentage of GDP | -1.1% |
| 2007 | 4.67 Percentage of GDP | -2.0% |
| 2008 | 4.52 Percentage of GDP | -3.2% |
| 2009 | 4.86 Percentage of GDP | +7.5% |
| 2010 | 4.61 Percentage of GDP | -5.2% |
| 2011 | 4.54 Percentage of GDP | -1.5% |
| 2012 | 4.7 Percentage of GDP | +3.5% |
| 2013 | 4.75 Percentage of GDP | +1.1% |
| 2014 | 4.68 Percentage of GDP | -1.5% |
| 2015 | 4.84 Percentage of GDP | +3.5% |
| 2016 | 4.89 Percentage of GDP | +0.9% |
| 2017 | 4.62 Percentage of GDP | -5.4% |
| 2018 | 4.65 Percentage of GDP | +0.6% |
| 2019 | 4.68 Percentage of GDP | +0.7% |
| 2020 | 4.84 Percentage of GDP | +3.3% |
| 2021 | 4.77 Percentage of GDP | -1.4% |
| 2022 | 4.67 Percentage of GDP | -2.1% |
| 2023 | 5.18 Percentage of GDP | +10.8% |
| 2024 | 5.28 Percentage of GDP | +2.0% |
Canada compared with similar countries
- Canada's 5.28 Percentage of GDP is below the median for high income countries, which is 10.73 Percentage of GDP, 49% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1966 | +66.8% | 1.39 Percentage of GDP | 2.33 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.28 Percentage of GDP | 1.39 Percentage of GDP | 2.79 Percentage of GDP | 5 |
| 1970s | 3.04 Percentage of GDP | 2.66 Percentage of GDP | 3.42 Percentage of GDP | 10 |
| 1980s | 4.08 Percentage of GDP | 3.2 Percentage of GDP | 4.53 Percentage of GDP | 10 |
| 1990s | 4.8 Percentage of GDP | 4.26 Percentage of GDP | 5.02 Percentage of GDP | 10 |
| 2000s | 4.82 Percentage of GDP | 4.52 Percentage of GDP | 5.06 Percentage of GDP | 10 |
| 2010s | 4.7 Percentage of GDP | 4.54 Percentage of GDP | 4.89 Percentage of GDP | 10 |
| 2020s | 4.95 Percentage of GDP | 4.67 Percentage of GDP | 5.28 Percentage of GDP | 5 |
Countries ranked near Canada
- 23 Switzerland 6.68 Percentage of GDP compare
- 24 United Kingdom of Great Britain and Northern Ireland 6.07 Percentage of GDP compare
- 25 United States of America 5.98 Percentage of GDP compare
- 27 Israel 4.96 Percentage of GDP compare
- 28 Ireland 3.37 Percentage of GDP compare
- 29 Iceland 2.98 Percentage of GDP compare
More economy & growth data for Canada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8812 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.66 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 57.17 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0246 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,373 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 69.03 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.48 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0298 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,657 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.88 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Canada?
- Financing of social security benefits in oecd member countries — tax in Canada was 5.28 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 Canada?
- The highest recorded value was 5.28 Percentage of GDP in 2024.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Canada?
- The lowest recorded value was 1.39 Percentage of GDP in 1965.
- How does Canada rank for financing of social security benefits in oecd member countries — tax?
- Canada ranks 26th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Canada?
- Over the last ten years it is up 12.9%. The long-run trend across the full record is rising.
- Where does this Canada 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
CSV · JSON — 60 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.