Financing of social security benefits in OECD member countries — Tax in Denmark
Denmark: Financing of social security benefits in OECD member countries — Tax was 0.0701 Percentage of GDP in 2024. ◆ Volatile
Latest (2024)
0.0701 Percentage of GDP
Change on year
down 7.2%
World rank
33rd
of 33 countries
All-time high
1.22 Percentage of GDP
in 1972
All-time low
0.011 Percentage of GDP
in 1993
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Denmark, 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 Denmark stood at 0.0701 Percentage of GDP.
That represents a change of down 7.2% on the previous year and down 27.9% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Denmark peaked at 1.22 Percentage of GDP in 1972 and was at its lowest, 0.011 Percentage of GDP, in 1993.
That places Denmark 33rd out of 33 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financing of social security benefits in OECD member countries — Tax in Denmark, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 0.9652 Percentage of GDP | — |
| 1966 | 1.08 Percentage of GDP | +12.0% |
| 1967 | 1.13 Percentage of GDP | +4.4% |
| 1968 | 1.13 Percentage of GDP | +0.5% |
| 1969 | 1.07 Percentage of GDP | -5.4% |
| 1970 | 1.11 Percentage of GDP | +3.8% |
| 1971 | 1.14 Percentage of GDP | +2.7% |
| 1972 | 1.22 Percentage of GDP | +7.1% |
| 1973 | 0.3247 Percentage of GDP | -73.5% |
| 1974 | 0.0755 Percentage of GDP | -76.7% |
| 1975 | 0.0867 Percentage of GDP | +14.8% |
| 1976 | 0.0739 Percentage of GDP | -14.7% |
| 1977 | 0.0826 Percentage of GDP | +11.8% |
| 1978 | 0.0649 Percentage of GDP | -21.4% |
| 1979 | 0.0813 Percentage of GDP | +25.2% |
| 1980 | 0.1779 Percentage of GDP | +118.7% |
| 1981 | 0.3213 Percentage of GDP | +80.6% |
| 1982 | 0.2824 Percentage of GDP | -12.1% |
| 1983 | 0.5406 Percentage of GDP | +91.4% |
| 1984 | 0.6371 Percentage of GDP | +17.8% |
| 1985 | 0.5588 Percentage of GDP | -12.3% |
| 1986 | 0.3507 Percentage of GDP | -37.2% |
| 1987 | 0.6549 Percentage of GDP | +86.7% |
| 1988 | 0.0124 Percentage of GDP | -98.1% |
| 1989 | 0.0115 Percentage of GDP | -7.4% |
| 1990 | 0.0118 Percentage of GDP | +2.5% |
| 1991 | 0.0115 Percentage of GDP | -2.7% |
| 1992 | 0.0115 Percentage of GDP | +0.2% |
| 1993 | 0.011 Percentage of GDP | -4.3% |
| 1994 | 0.0115 Percentage of GDP | +4.5% |
| 1995 | 0.0543 Percentage of GDP | +372.3% |
| 1996 | 0.064 Percentage of GDP | +17.9% |
| 1997 | 0.0885 Percentage of GDP | +38.3% |
| 1998 | 0.0847 Percentage of GDP | -4.3% |
| 1999 | 0.6467 Percentage of GDP | +663.8% |
| 2000 | 0.6375 Percentage of GDP | -1.4% |
| 2001 | 0.6355 Percentage of GDP | -0.3% |
| 2002 | 0.1143 Percentage of GDP | -82.0% |
| 2003 | 0.1143 Percentage of GDP | -0.0% |
| 2004 | 0.1099 Percentage of GDP | -3.8% |
| 2005 | 0.1075 Percentage of GDP | -2.2% |
| 2006 | 0.0994 Percentage of GDP | -7.5% |
| 2007 | 0.1165 Percentage of GDP | +17.1% |
| 2008 | 0.093 Percentage of GDP | -20.2% |
| 2009 | 0.0888 Percentage of GDP | -4.5% |
| 2010 | 0.1257 Percentage of GDP | +41.6% |
| 2011 | 0.1364 Percentage of GDP | +8.5% |
| 2012 | 0.1232 Percentage of GDP | -9.7% |
| 2013 | 0.1092 Percentage of GDP | -11.4% |
| 2014 | 0.0973 Percentage of GDP | -10.9% |
| 2015 | 0.0923 Percentage of GDP | -5.2% |
| 2016 | 0.0802 Percentage of GDP | -13.1% |
| 2017 | 0.0734 Percentage of GDP | -8.4% |
| 2018 | 0.0768 Percentage of GDP | +4.6% |
| 2019 | 0.0735 Percentage of GDP | -4.3% |
| 2020 | 0.0927 Percentage of GDP | +26.1% |
| 2021 | 0.0977 Percentage of GDP | +5.4% |
| 2022 | 0.0827 Percentage of GDP | -15.4% |
| 2023 | 0.0756 Percentage of GDP | -8.5% |
| 2024 | 0.0701 Percentage of GDP | -7.2% |
Denmark compared with similar countries
- Denmark's 0.0701 Percentage of GDP is below the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 1% of the median. (25 countries reporting)
- Denmark's 0.0701 Percentage of GDP is below the median for high income countries, which is 10.73 Percentage of GDP, 1% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax in Denmark 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 |
|---|---|---|---|
| 1999 | +663.8% | 0.0847 Percentage of GDP | 0.6467 Percentage of GDP |
| 1995 | +372.3% | 0.0115 Percentage of GDP | 0.0543 Percentage of GDP |
| 1980 | +118.7% | 0.0813 Percentage of GDP | 0.1779 Percentage of GDP |
| 1988 | -98.1% | 0.6549 Percentage of GDP | 0.0124 Percentage of GDP |
| 1983 | +91.4% | 0.2824 Percentage of GDP | 0.5406 Percentage of GDP |
| 1987 | +86.7% | 0.3507 Percentage of GDP | 0.6549 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.08 Percentage of GDP | 0.9652 Percentage of GDP | 1.13 Percentage of GDP | 5 |
| 1970s | 0.4266 Percentage of GDP | 0.0649 Percentage of GDP | 1.22 Percentage of GDP | 10 |
| 1980s | 0.3548 Percentage of GDP | 0.0115 Percentage of GDP | 0.6549 Percentage of GDP | 10 |
| 1990s | 0.0995 Percentage of GDP | 0.011 Percentage of GDP | 0.6467 Percentage of GDP | 10 |
| 2000s | 0.2117 Percentage of GDP | 0.0888 Percentage of GDP | 0.6375 Percentage of GDP | 10 |
| 2010s | 0.0988 Percentage of GDP | 0.0734 Percentage of GDP | 0.1364 Percentage of GDP | 10 |
| 2020s | 0.0837 Percentage of GDP | 0.0701 Percentage of GDP | 0.0977 Percentage of GDP | 5 |
Countries ranked near Denmark
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30.70 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0723 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5,136 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.24 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 121.54 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3,052 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.85 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Denmark?
- Financing of social security benefits in oecd member countries — tax in Denmark was 0.0701 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 Denmark?
- The highest recorded value was 1.22 Percentage of GDP in 1972.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Denmark?
- The lowest recorded value was 0.011 Percentage of GDP in 1993.
- How does Denmark rank for financing of social security benefits in oecd member countries — tax?
- Denmark ranks 33rd out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Denmark?
- Over the last ten years it is down 27.9%. The long-run trend across the full record is volatile.
- Where does this Denmark 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.