Financing of social security benefits in OECD member countries — Tax in United States
United States: Financing of social security benefits in OECD member countries — Tax was 5.98 Percentage of GDP in 2024. ▲ Rising
Latest (2024)
5.98 Percentage of GDP
Change on year
down 0.7%
World rank
25th
of 33 countries
All-time high
6.74 Percentage of GDP
in 1991
All-time low
3.13 Percentage of GDP
in 1965
Years of data
60
1965–2024
Financing of social security benefits in OECD member countries — Tax in United States, 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 United States is 5.98 Percentage of GDP, measured in 2024.
Compared with earlier readings it is down 0.7% on the previous year and down 2.2% over ten years.
Over the whole period, financing of social security benefits in oecd member countries — tax in United States peaked at 6.74 Percentage of GDP in 1991 and was at its lowest, 3.13 Percentage of GDP, in 1965.
United States ranks 25th of 33 countries on this measure, in the bottom 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 United States, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 3.13 Percentage of GDP | — |
| 1966 | 3.28 Percentage of GDP | +4.7% |
| 1967 | 3.93 Percentage of GDP | +19.9% |
| 1968 | 3.8 Percentage of GDP | -3.4% |
| 1969 | 4.02 Percentage of GDP | +5.8% |
| 1970 | 4.15 Percentage of GDP | +3.2% |
| 1971 | 4.06 Percentage of GDP | -2.0% |
| 1972 | 4.12 Percentage of GDP | +1.4% |
| 1973 | 4.45 Percentage of GDP | +7.9% |
| 1974 | 4.88 Percentage of GDP | +9.8% |
| 1975 | 5.05 Percentage of GDP | +3.3% |
| 1976 | 4.88 Percentage of GDP | -3.3% |
| 1977 | 5.18 Percentage of GDP | +6.1% |
| 1978 | 5.22 Percentage of GDP | +0.9% |
| 1979 | 5.37 Percentage of GDP | +2.9% |
| 1980 | 5.59 Percentage of GDP | +4.1% |
| 1981 | 5.78 Percentage of GDP | +3.4% |
| 1982 | 6.1 Percentage of GDP | +5.5% |
| 1983 | 5.82 Percentage of GDP | -4.5% |
| 1984 | 6.01 Percentage of GDP | +3.2% |
| 1985 | 6.2 Percentage of GDP | +3.3% |
| 1986 | 6.31 Percentage of GDP | +1.7% |
| 1987 | 6.39 Percentage of GDP | +1.2% |
| 1988 | 6.55 Percentage of GDP | +2.6% |
| 1989 | 6.57 Percentage of GDP | +0.2% |
| 1990 | 6.66 Percentage of GDP | +1.4% |
| 1991 | 6.74 Percentage of GDP | +1.3% |
| 1992 | 6.71 Percentage of GDP | -0.4% |
| 1993 | 6.68 Percentage of GDP | -0.5% |
| 1994 | 6.69 Percentage of GDP | +0.2% |
| 1995 | 6.68 Percentage of GDP | -0.1% |
| 1996 | 6.61 Percentage of GDP | -1.1% |
| 1997 | 6.59 Percentage of GDP | -0.3% |
| 1998 | 6.65 Percentage of GDP | +0.9% |
| 1999 | 6.63 Percentage of GDP | -0.3% |
| 2000 | 6.66 Percentage of GDP | +0.5% |
| 2001 | 6.69 Percentage of GDP | +0.4% |
| 2002 | 6.62 Percentage of GDP | -1.0% |
| 2003 | 6.53 Percentage of GDP | -1.3% |
| 2004 | 6.5 Percentage of GDP | -0.5% |
| 2005 | 6.38 Percentage of GDP | -1.9% |
| 2006 | 6.32 Percentage of GDP | -0.9% |
| 2007 | 6.27 Percentage of GDP | -0.8% |
| 2008 | 6.3 Percentage of GDP | +0.5% |
| 2009 | 6.23 Percentage of GDP | -1.0% |
| 2010 | 6.1 Percentage of GDP | -2.2% |
| 2011 | 5.43 Percentage of GDP | -10.9% |
| 2012 | 5.42 Percentage of GDP | -0.3% |
| 2013 | 6.1 Percentage of GDP | +12.7% |
| 2014 | 6.12 Percentage of GDP | +0.2% |
| 2015 | 6.15 Percentage of GDP | +0.6% |
| 2016 | 6.13 Percentage of GDP | -0.3% |
| 2017 | 6.15 Percentage of GDP | +0.2% |
| 2018 | 6.08 Percentage of GDP | -1.1% |
| 2019 | 6.09 Percentage of GDP | +0.2% |
| 2020 | 6.22 Percentage of GDP | +2.1% |
| 2021 | 6.05 Percentage of GDP | -2.8% |
| 2022 | 6 Percentage of GDP | -0.8% |
| 2023 | 6.03 Percentage of GDP | +0.5% |
| 2024 | 5.98 Percentage of GDP | -0.7% |
United States compared with similar countries
- United States's 5.98 Percentage of GDP is below the median for high income countries, which is 10.73 Percentage of GDP, 56% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.63 Percentage of GDP | 3.13 Percentage of GDP | 4.02 Percentage of GDP | 5 |
| 1970s | 4.74 Percentage of GDP | 4.06 Percentage of GDP | 5.37 Percentage of GDP | 10 |
| 1980s | 6.13 Percentage of GDP | 5.59 Percentage of GDP | 6.57 Percentage of GDP | 10 |
| 1990s | 6.67 Percentage of GDP | 6.59 Percentage of GDP | 6.74 Percentage of GDP | 10 |
| 2000s | 6.45 Percentage of GDP | 6.23 Percentage of GDP | 6.69 Percentage of GDP | 10 |
| 2010s | 5.98 Percentage of GDP | 5.42 Percentage of GDP | 6.15 Percentage of GDP | 10 |
| 2020s | 6.05 Percentage of GDP | 5.98 Percentage of GDP | 6.22 Percentage of GDP | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 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$), gaps 422.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,235 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 400.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.83 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.013 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,172 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 52.24 % change on previous year (2025)
Frequently asked questions
- What is financing of social security benefits in oecd member countries — tax in United States?
- Financing of social security benefits in oecd member countries — tax in United States was 5.98 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 United States?
- The highest recorded value was 6.74 Percentage of GDP in 1991.
- What is the lowest financing of social security benefits in oecd member countries — tax recorded in United States?
- The lowest recorded value was 3.13 Percentage of GDP in 1965.
- How does United States rank for financing of social security benefits in oecd member countries — tax?
- United States ranks 25th out of 33 countries with data for 2024.
- Is financing of social security benefits in oecd member countries — tax rising or falling in United States?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is rising.
- Where does this United States 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.