Financing of social security benefits in OECD member countries — Tax in Spain
Spain: Financing of social security benefits in OECD member countries — Tax was 12.69 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
12.69 Percentage of GDP
Change on year
up 0.5%
World rank
9th
of 33 countries
All-time high
13.66 Percentage of GDP
in 2020
All-time low
3.12 Percentage of GDP
in 1966
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Spain, 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 Spain stood at 12.69 Percentage of GDP.
That represents a change of up 0.5% on the previous year and up 9.7% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Spain peaked at 13.66 Percentage of GDP in 2020 and was at its lowest, 3.12 Percentage of GDP, in 1966.
Spain ranks 9th 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 Spain, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 4.03 Percentage of GDP | — |
| 1966 | 3.12 Percentage of GDP | -22.6% |
| 1967 | 6.4 Percentage of GDP | +105.1% |
| 1968 | 6.05 Percentage of GDP | -5.4% |
| 1969 | 6.09 Percentage of GDP | +0.6% |
| 1970 | 5.79 Percentage of GDP | -5.0% |
| 1971 | 6.29 Percentage of GDP | +8.8% |
| 1972 | 6.98 Percentage of GDP | +10.9% |
| 1973 | 7.22 Percentage of GDP | +3.4% |
| 1974 | 7.41 Percentage of GDP | +2.7% |
| 1975 | 8.51 Percentage of GDP | +14.7% |
| 1976 | 8.14 Percentage of GDP | -4.4% |
| 1977 | 9.78 Percentage of GDP | +20.2% |
| 1978 | 10.34 Percentage of GDP | +5.7% |
| 1979 | 10.73 Percentage of GDP | +3.8% |
| 1980 | 10.66 Percentage of GDP | -0.7% |
| 1981 | 11.01 Percentage of GDP | +3.3% |
| 1982 | 10.89 Percentage of GDP | -1.1% |
| 1983 | 11.38 Percentage of GDP | +4.5% |
| 1984 | 10.92 Percentage of GDP | -4.0% |
| 1985 | 10.92 Percentage of GDP | -0.0% |
| 1986 | 10.79 Percentage of GDP | -1.2% |
| 1987 | 10.83 Percentage of GDP | +0.4% |
| 1988 | 10.68 Percentage of GDP | -1.4% |
| 1989 | 11 Percentage of GDP | +3.0% |
| 1990 | 11.18 Percentage of GDP | +1.6% |
| 1991 | 11.32 Percentage of GDP | +1.3% |
| 1992 | 11.95 Percentage of GDP | +5.5% |
| 1993 | 12.08 Percentage of GDP | +1.1% |
| 1994 | 11.91 Percentage of GDP | -1.4% |
| 1995 | 11.27 Percentage of GDP | -5.3% |
| 1996 | 11.09 Percentage of GDP | -1.7% |
| 1997 | 11.23 Percentage of GDP | +1.3% |
| 1998 | 11.3 Percentage of GDP | +0.6% |
| 1999 | 11.51 Percentage of GDP | +1.8% |
| 2000 | 11.53 Percentage of GDP | +0.2% |
| 2001 | 11.7 Percentage of GDP | +1.5% |
| 2002 | 11.69 Percentage of GDP | -0.1% |
| 2003 | 11.74 Percentage of GDP | +0.5% |
| 2004 | 11.78 Percentage of GDP | +0.3% |
| 2005 | 11.75 Percentage of GDP | -0.2% |
| 2006 | 11.77 Percentage of GDP | +0.1% |
| 2007 | 11.79 Percentage of GDP | +0.2% |
| 2008 | 11.86 Percentage of GDP | +0.6% |
| 2009 | 11.98 Percentage of GDP | +1.0% |
| 2010 | 11.81 Percentage of GDP | -1.4% |
| 2011 | 11.78 Percentage of GDP | -0.3% |
| 2012 | 11.63 Percentage of GDP | -1.3% |
| 2013 | 11.4 Percentage of GDP | -2.0% |
| 2014 | 11.56 Percentage of GDP | +1.5% |
| 2015 | 11.3 Percentage of GDP | -2.3% |
| 2016 | 11.32 Percentage of GDP | +0.2% |
| 2017 | 11.46 Percentage of GDP | +1.3% |
| 2018 | 11.65 Percentage of GDP | +1.7% |
| 2019 | 12.17 Percentage of GDP | +4.4% |
| 2020 | 13.66 Percentage of GDP | +12.3% |
| 2021 | 13.26 Percentage of GDP | -3.0% |
| 2022 | 12.52 Percentage of GDP | -5.6% |
| 2023 | 12.62 Percentage of GDP | +0.8% |
| 2024 | 12.69 Percentage of GDP | +0.5% |
Spain compared with similar countries
- Spain's 12.69 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)
- Spain's 12.69 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)
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax in Spain 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 |
|---|---|---|---|
| 1967 | +105.1% | 3.12 Percentage of GDP | 6.4 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.14 Percentage of GDP | 3.12 Percentage of GDP | 6.4 Percentage of GDP | 5 |
| 1970s | 8.12 Percentage of GDP | 5.79 Percentage of GDP | 10.73 Percentage of GDP | 10 |
| 1980s | 10.91 Percentage of GDP | 10.66 Percentage of GDP | 11.38 Percentage of GDP | 10 |
| 1990s | 11.48 Percentage of GDP | 11.09 Percentage of GDP | 12.08 Percentage of GDP | 10 |
| 2000s | 11.76 Percentage of GDP | 11.53 Percentage of GDP | 11.98 Percentage of GDP | 10 |
| 2010s | 11.61 Percentage of GDP | 11.3 Percentage of GDP | 12.17 Percentage of GDP | 10 |
| 2020s | 12.95 Percentage of GDP | 12.52 Percentage of GDP | 13.66 Percentage of GDP | 5 |
Countries ranked near Spain
More economy & growth data for Spain
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.77 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.62 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 46.38 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0243 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 939.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -34.34 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 569.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.32 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Spain?
- Financing of social security benefits in oecd member countries — tax in Spain was 12.69 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 Spain?
- The highest recorded value was 13.66 Percentage of GDP in 2020.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Spain?
- The lowest recorded value was 3.12 Percentage of GDP in 1966.
- How does Spain rank for financing of social security benefits in oecd member countries — tax?
- Spain ranks 9th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Spain?
- Over the last ten years it is up 9.7%. The long-run trend across the full record is rising.
- Where does this Spain 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.