Financing of social security benefits in OECD member countries — Tax in Greece
Greece: Financing of social security benefits in OECD member countries — Tax was 11.61 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
11.61 Percentage of GDP
Change on year
up 3.6%
World rank
14th
of 33 countries
All-time high
12.74 Percentage of GDP
in 2020
All-time low
5.13 Percentage of GDP
in 1973
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Greece, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Greece recorded 11.61 Percentage of GDP for financing of social security benefits in oecd member countries — tax in 2024.
That represents a change of up 3.6% on the previous year and up 10.1% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Greece peaked at 12.74 Percentage of GDP in 2020 and was at its lowest, 5.13 Percentage of GDP, in 1973.
That places Greece 14th out of 33 countries with data for 2024, putting it in the middle of the range.
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 Greece, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 5.49 Percentage of GDP | — |
| 1966 | 5.74 Percentage of GDP | +4.6% |
| 1967 | 5.96 Percentage of GDP | +3.9% |
| 1968 | 6.1 Percentage of GDP | +2.3% |
| 1969 | 5.97 Percentage of GDP | -2.1% |
| 1970 | 5.85 Percentage of GDP | -2.0% |
| 1971 | 5.7 Percentage of GDP | -2.5% |
| 1972 | 5.72 Percentage of GDP | +0.3% |
| 1973 | 5.13 Percentage of GDP | -10.2% |
| 1974 | 5.29 Percentage of GDP | +2.9% |
| 1975 | 5.6 Percentage of GDP | +5.9% |
| 1976 | 6.07 Percentage of GDP | +8.5% |
| 1977 | 6.6 Percentage of GDP | +8.7% |
| 1978 | 6.78 Percentage of GDP | +2.7% |
| 1979 | 6.64 Percentage of GDP | -2.0% |
| 1980 | 6.92 Percentage of GDP | +4.2% |
| 1981 | 7.12 Percentage of GDP | +2.9% |
| 1982 | 8.21 Percentage of GDP | +15.3% |
| 1983 | 8.79 Percentage of GDP | +7.1% |
| 1984 | 8.67 Percentage of GDP | -1.4% |
| 1985 | 8.86 Percentage of GDP | +2.2% |
| 1986 | 8.49 Percentage of GDP | -4.2% |
| 1987 | 8.25 Percentage of GDP | -2.7% |
| 1988 | 7.1 Percentage of GDP | -14.0% |
| 1989 | 7.48 Percentage of GDP | +5.4% |
| 1990 | 7.72 Percentage of GDP | +3.2% |
| 1991 | 7.48 Percentage of GDP | -3.0% |
| 1992 | 7.42 Percentage of GDP | -0.8% |
| 1993 | 8.35 Percentage of GDP | +12.6% |
| 1994 | 8.4 Percentage of GDP | +0.6% |
| 1995 | 9.12 Percentage of GDP | +8.6% |
| 1996 | 9.27 Percentage of GDP | +1.6% |
| 1997 | 9.56 Percentage of GDP | +3.2% |
| 1998 | 9.81 Percentage of GDP | +2.5% |
| 1999 | 9.98 Percentage of GDP | +1.8% |
| 2000 | 10.49 Percentage of GDP | +5.1% |
| 2001 | 10.52 Percentage of GDP | +0.3% |
| 2002 | 11.41 Percentage of GDP | +8.4% |
| 2003 | 11.31 Percentage of GDP | -0.9% |
| 2004 | 10.78 Percentage of GDP | -4.7% |
| 2005 | 10.95 Percentage of GDP | +1.6% |
| 2006 | 10.43 Percentage of GDP | -4.8% |
| 2007 | 10.88 Percentage of GDP | +4.3% |
| 2008 | 10.88 Percentage of GDP | +0.1% |
| 2009 | 10.31 Percentage of GDP | -5.3% |
| 2010 | 11.07 Percentage of GDP | +7.4% |
| 2011 | 10.88 Percentage of GDP | -1.7% |
| 2012 | 11.26 Percentage of GDP | +3.5% |
| 2013 | 10.87 Percentage of GDP | -3.5% |
| 2014 | 10.55 Percentage of GDP | -2.9% |
| 2015 | 10.72 Percentage of GDP | +1.7% |
| 2016 | 11.07 Percentage of GDP | +3.2% |
| 2017 | 11.71 Percentage of GDP | +5.8% |
| 2018 | 11.87 Percentage of GDP | +1.4% |
| 2019 | 12.02 Percentage of GDP | +1.2% |
| 2020 | 12.74 Percentage of GDP | +6.0% |
| 2021 | 12.69 Percentage of GDP | -0.5% |
| 2022 | 12.12 Percentage of GDP | -4.5% |
| 2023 | 11.21 Percentage of GDP | -7.5% |
| 2024 | 11.61 Percentage of GDP | +3.6% |
Greece compared with similar countries
- Greece's 11.61 Percentage of GDP is above the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 1.0× the median. (25 countries reporting)
- Greece's 11.61 Percentage of GDP is above the median for high income countries, which is 10.73 Percentage of GDP, 1.1× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.85 Percentage of GDP | 5.49 Percentage of GDP | 6.1 Percentage of GDP | 5 |
| 1970s | 5.94 Percentage of GDP | 5.13 Percentage of GDP | 6.78 Percentage of GDP | 10 |
| 1980s | 7.99 Percentage of GDP | 6.92 Percentage of GDP | 8.86 Percentage of GDP | 10 |
| 1990s | 8.71 Percentage of GDP | 7.42 Percentage of GDP | 9.98 Percentage of GDP | 10 |
| 2000s | 10.8 Percentage of GDP | 10.31 Percentage of GDP | 11.41 Percentage of GDP | 10 |
| 2010s | 11.2 Percentage of GDP | 10.55 Percentage of GDP | 12.02 Percentage of GDP | 10 |
| 2020s | 12.07 Percentage of GDP | 11.21 Percentage of GDP | 12.74 Percentage of GDP | 5 |
Countries ranked near Greece
More economy & growth data for Greece
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.67 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$), gaps 2.22 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0087 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 213.34 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 6.74 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 42.78 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0263 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 647.98 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 57.98 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Greece?
- Financing of social security benefits in oecd member countries — tax in Greece was 11.61 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 Greece?
- The highest recorded value was 12.74 Percentage of GDP in 2020.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Greece?
- The lowest recorded value was 5.13 Percentage of GDP in 1973.
- How does Greece rank for financing of social security benefits in oecd member countries — tax?
- Greece ranks 14th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Greece?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is rising.
- Where does this Greece 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.