Financing of social security benefits in OECD member countries — Tax in Portugal
Portugal: Financing of social security benefits in OECD member countries — Tax was 10.52 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
10.52 Percentage of GDP
Change on year
up 2.5%
World rank
18th
of 33 countries
All-time high
10.52 Percentage of GDP
in 2024
All-time low
3.42 Percentage of GDP
in 1965
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Portugal, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for financing of social security benefits in oecd member countries — tax in Portugal is 10.52 Percentage of GDP, measured in 2024. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 2.5% on the previous year and up 16.9% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Portugal peaked at 10.52 Percentage of GDP in 2024 and was at its lowest, 3.42 Percentage of GDP, in 1965.
Portugal ranks 18th of 33 countries on this measure, 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 Portugal, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 3.42 Percentage of GDP | — |
| 1966 | 3.78 Percentage of GDP | +10.5% |
| 1967 | 3.87 Percentage of GDP | +2.5% |
| 1968 | 3.8 Percentage of GDP | -1.9% |
| 1969 | 4.01 Percentage of GDP | +5.6% |
| 1970 | 4.2 Percentage of GDP | +4.8% |
| 1971 | 4.7 Percentage of GDP | +11.8% |
| 1972 | 4.86 Percentage of GDP | +3.6% |
| 1973 | 4.89 Percentage of GDP | +0.5% |
| 1974 | 5.11 Percentage of GDP | +4.5% |
| 1975 | 6.52 Percentage of GDP | +27.5% |
| 1976 | 6.8 Percentage of GDP | +4.4% |
| 1977 | 6.52 Percentage of GDP | -4.1% |
| 1978 | 6.39 Percentage of GDP | -2.0% |
| 1979 | 5.8 Percentage of GDP | -9.2% |
| 1980 | 6.46 Percentage of GDP | +11.3% |
| 1981 | 6.78 Percentage of GDP | +4.9% |
| 1982 | 6.74 Percentage of GDP | -0.6% |
| 1983 | 6.48 Percentage of GDP | -3.8% |
| 1984 | 6.33 Percentage of GDP | -2.3% |
| 1985 | 6.25 Percentage of GDP | -1.3% |
| 1986 | 6.82 Percentage of GDP | +9.1% |
| 1987 | 6.77 Percentage of GDP | -0.7% |
| 1988 | 6.91 Percentage of GDP | +1.9% |
| 1989 | 6.9 Percentage of GDP | -0.1% |
| 1990 | 7.19 Percentage of GDP | +4.2% |
| 1991 | 7.47 Percentage of GDP | +3.8% |
| 1992 | 7.5 Percentage of GDP | +0.4% |
| 1993 | 7.52 Percentage of GDP | +0.3% |
| 1994 | 7.57 Percentage of GDP | +0.7% |
| 1995 | 7.67 Percentage of GDP | +1.3% |
| 1996 | 7.54 Percentage of GDP | -1.7% |
| 1997 | 7.72 Percentage of GDP | +2.4% |
| 1998 | 7.7 Percentage of GDP | -0.2% |
| 1999 | 7.77 Percentage of GDP | +0.9% |
| 2000 | 7.92 Percentage of GDP | +1.9% |
| 2001 | 8.18 Percentage of GDP | +3.3% |
| 2002 | 8.24 Percentage of GDP | +0.7% |
| 2003 | 8.26 Percentage of GDP | +0.2% |
| 2004 | 8.13 Percentage of GDP | -1.6% |
| 2005 | 8.22 Percentage of GDP | +1.1% |
| 2006 | 8.11 Percentage of GDP | -1.3% |
| 2007 | 8.15 Percentage of GDP | +0.5% |
| 2008 | 8.37 Percentage of GDP | +2.7% |
| 2009 | 8.56 Percentage of GDP | +2.2% |
| 2010 | 8.6 Percentage of GDP | +0.5% |
| 2011 | 8.89 Percentage of GDP | +3.4% |
| 2012 | 8.68 Percentage of GDP | -2.4% |
| 2013 | 8.87 Percentage of GDP | +2.2% |
| 2014 | 8.99 Percentage of GDP | +1.4% |
| 2015 | 9.02 Percentage of GDP | +0.3% |
| 2016 | 9.08 Percentage of GDP | +0.6% |
| 2017 | 9.18 Percentage of GDP | +1.2% |
| 2018 | 9.33 Percentage of GDP | +1.6% |
| 2019 | 9.61 Percentage of GDP | +2.9% |
| 2020 | 10.42 Percentage of GDP | +8.5% |
| 2021 | 10.38 Percentage of GDP | -0.4% |
| 2022 | 10.16 Percentage of GDP | -2.1% |
| 2023 | 10.26 Percentage of GDP | +0.9% |
| 2024 | 10.52 Percentage of GDP | +2.5% |
Portugal compared with similar countries
- Portugal's 10.52 Percentage of GDP is below the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 91% of the median. (25 countries reporting)
- Portugal's 10.52 Percentage of GDP is below the median for high income countries, which is 10.73 Percentage of GDP, 98% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax in Portugal 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 |
|---|---|---|---|
| 1975 | +27.5% | 5.11 Percentage of GDP | 6.52 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.77 Percentage of GDP | 3.42 Percentage of GDP | 4.01 Percentage of GDP | 5 |
| 1970s | 5.58 Percentage of GDP | 4.2 Percentage of GDP | 6.8 Percentage of GDP | 10 |
| 1980s | 6.64 Percentage of GDP | 6.25 Percentage of GDP | 6.91 Percentage of GDP | 10 |
| 1990s | 7.56 Percentage of GDP | 7.19 Percentage of GDP | 7.77 Percentage of GDP | 10 |
| 2000s | 8.21 Percentage of GDP | 7.92 Percentage of GDP | 8.56 Percentage of GDP | 10 |
| 2010s | 9.02 Percentage of GDP | 8.6 Percentage of GDP | 9.61 Percentage of GDP | 10 |
| 2020s | 10.35 Percentage of GDP | 10.16 Percentage of GDP | 10.52 Percentage of GDP | 5 |
Countries ranked near Portugal
More economy & growth data for Portugal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.9 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.84 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0218 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 639.78 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.49 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.41 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,261 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 62.23 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Portugal?
- Financing of social security benefits in oecd member countries — tax in Portugal was 10.52 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 Portugal?
- The highest recorded value was 10.52 Percentage of GDP in 2024.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Portugal?
- The lowest recorded value was 3.42 Percentage of GDP in 1965.
- How does Portugal rank for financing of social security benefits in oecd member countries — tax?
- Portugal ranks 18th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Portugal?
- Over the last ten years it is up 16.9%. The long-run trend across the full record is rising.
- Where does this Portugal 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.