Financing of social security benefits in OECD member countries — Tax in Sweden
Sweden: Financing of social security benefits in OECD member countries — Tax was 8.96 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
8.96 Percentage of GDP
Change on year
up 0.0%
World rank
22nd
of 33 countries
All-time high
13.64 Percentage of GDP
in 1991
All-time low
3.76 Percentage of GDP
in 1965
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in Sweden, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Sweden recorded 8.96 Percentage of GDP for financing of social security benefits in oecd member countries — tax in 2024.
That represents a change of down 8.7% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in Sweden peaked at 13.64 Percentage of GDP in 1991 and was at its lowest, 3.76 Percentage of GDP, in 1965.
That places Sweden 22nd 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 Sweden, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 3.76 Percentage of GDP | — |
| 1966 | 3.97 Percentage of GDP | +5.7% |
| 1967 | 4.58 Percentage of GDP | +15.2% |
| 1968 | 5.31 Percentage of GDP | +16.0% |
| 1969 | 5.42 Percentage of GDP | +2.1% |
| 1970 | 5.26 Percentage of GDP | -2.9% |
| 1971 | 5.58 Percentage of GDP | +6.0% |
| 1972 | 5.91 Percentage of GDP | +6.0% |
| 1973 | 5.72 Percentage of GDP | -3.2% |
| 1974 | 7.28 Percentage of GDP | +27.2% |
| 1975 | 7.49 Percentage of GDP | +3.0% |
| 1976 | 9.84 Percentage of GDP | +31.2% |
| 1977 | 11.26 Percentage of GDP | +14.5% |
| 1978 | 11.98 Percentage of GDP | +6.4% |
| 1979 | 11.84 Percentage of GDP | -1.2% |
| 1980 | 12.44 Percentage of GDP | +5.0% |
| 1981 | 13.09 Percentage of GDP | +5.2% |
| 1982 | 12.07 Percentage of GDP | -7.8% |
| 1983 | 11.9 Percentage of GDP | -1.5% |
| 1984 | 11.51 Percentage of GDP | -3.3% |
| 1985 | 11.04 Percentage of GDP | -4.1% |
| 1986 | 11.63 Percentage of GDP | +5.3% |
| 1987 | 11.85 Percentage of GDP | +1.9% |
| 1988 | 12.14 Percentage of GDP | +2.5% |
| 1989 | 12.99 Percentage of GDP | +7.0% |
| 1990 | 13.3 Percentage of GDP | +2.4% |
| 1991 | 13.64 Percentage of GDP | +2.5% |
| 1992 | 13.07 Percentage of GDP | -4.1% |
| 1993 | 11.95 Percentage of GDP | -8.6% |
| 1994 | 11.98 Percentage of GDP | +0.2% |
| 1995 | 12.47 Percentage of GDP | +4.1% |
| 1996 | 13.38 Percentage of GDP | +7.3% |
| 1997 | 13.35 Percentage of GDP | -0.2% |
| 1998 | 13.11 Percentage of GDP | -1.8% |
| 1999 | 11.53 Percentage of GDP | -12.1% |
| 2000 | 12.74 Percentage of GDP | +10.6% |
| 2001 | 13.2 Percentage of GDP | +3.6% |
| 2002 | 13.01 Percentage of GDP | -1.4% |
| 2003 | 12.7 Percentage of GDP | -2.4% |
| 2004 | 12.46 Percentage of GDP | -1.9% |
| 2005 | 12.43 Percentage of GDP | -0.2% |
| 2006 | 11.71 Percentage of GDP | -5.8% |
| 2007 | 11.73 Percentage of GDP | +0.1% |
| 2008 | 10.99 Percentage of GDP | -6.3% |
| 2009 | 10.75 Percentage of GDP | -2.2% |
| 2010 | 10.83 Percentage of GDP | +0.8% |
| 2011 | 9.77 Percentage of GDP | -9.8% |
| 2012 | 10.09 Percentage of GDP | +3.2% |
| 2013 | 9.9 Percentage of GDP | -1.8% |
| 2014 | 9.81 Percentage of GDP | -1.0% |
| 2015 | 9.57 Percentage of GDP | -2.4% |
| 2016 | 9.99 Percentage of GDP | +4.4% |
| 2017 | 9.69 Percentage of GDP | -3.1% |
| 2018 | 9.7 Percentage of GDP | +0.1% |
| 2019 | 9.22 Percentage of GDP | -4.9% |
| 2020 | 9.08 Percentage of GDP | -1.4% |
| 2021 | 9.04 Percentage of GDP | -0.5% |
| 2022 | 8.91 Percentage of GDP | -1.4% |
| 2023 | 8.95 Percentage of GDP | +0.5% |
| 2024 | 8.96 Percentage of GDP | +0.0% |
Sweden compared with similar countries
- Sweden's 8.96 Percentage of GDP is below the median for Europe & Central Asia, which is 11.61 Percentage of GDP, 77% of the median. (25 countries reporting)
- Sweden's 8.96 Percentage of GDP is below the median for high income countries, which is 10.73 Percentage of GDP, 83% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Financing of social security benefits in OECD member countries — Tax in Sweden 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 |
|---|---|---|---|
| 1976 | +31.2% | 7.49 Percentage of GDP | 9.84 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.61 Percentage of GDP | 3.76 Percentage of GDP | 5.42 Percentage of GDP | 5 |
| 1970s | 8.22 Percentage of GDP | 5.26 Percentage of GDP | 11.98 Percentage of GDP | 10 |
| 1980s | 12.07 Percentage of GDP | 11.04 Percentage of GDP | 13.09 Percentage of GDP | 10 |
| 1990s | 12.78 Percentage of GDP | 11.53 Percentage of GDP | 13.64 Percentage of GDP | 10 |
| 2000s | 12.17 Percentage of GDP | 10.75 Percentage of GDP | 13.2 Percentage of GDP | 10 |
| 2010s | 9.86 Percentage of GDP | 9.22 Percentage of GDP | 10.83 Percentage of GDP | 10 |
| 2020s | 8.99 Percentage of GDP | 8.91 Percentage of GDP | 9.08 Percentage of GDP | 5 |
Countries ranked near Sweden
- 19 Hungary 10.05 Percentage of GDP compare
- 20 Norway 9.42 Percentage of GDP compare
- 21 Costa Rica 9.04 Percentage of GDP compare
- 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
More economy & growth data for Sweden
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.62 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 8.03 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 757.39 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 19.15 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -37.67 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0286 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,807 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.58 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in Sweden?
- Financing of social security benefits in oecd member countries — tax in Sweden was 8.96 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 Sweden?
- The highest recorded value was 13.64 Percentage of GDP in 1991.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in Sweden?
- The lowest recorded value was 3.76 Percentage of GDP in 1965.
- How does Sweden rank for financing of social security benefits in oecd member countries — tax?
- Sweden ranks 22nd out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in Sweden?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is rising.
- Where does this Sweden 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.