Lower over the period
Denmark Tax Revenue as Percentage of GDP moved from 34.16 Percentage in 2015 to 33.36 Percentage in 2024 (−2.3%), an average of −0.3% a year. The series high was 35.16 Percentage in 2021 and the low 30.73 Percentage in 2022.
What Denmark Tax Revenue as Percentage of GDP shows
Denmark Tax Revenue as Percentage of GDP was 33.36 Percentage in 2024, up 4.3% on 2023. The Tax Revenue as a Percentage of GDP dataset for Denmark provides a comprehensive assessment of the country's tax collection performance relative to the size of its economy, highlighting one of the highest tax-to-GDP ratios among advanced economies. Measured as a Percentage, the dataset covers 2015–2024 and indicates consistently strong tax revenue generation throughout the decade.
A 12.6% peak-to-trough swing
The gap between the series high (2021) and low (2022) is 4.43 Percentage. The sharpest single-year move was −12.6% in 2022.
Ranks 1 of 27 countries covered
Among the 27 countries in this dataset, Denmark ranks 1 for 2024. It accounts for 241.4% of the global total in 2024.
Full series
Denmark Tax Revenue as Percentage of GDP by year
Complete annual series with year-on-year change. Values are reported in Percentage.
Scroll the table sideways to see all columns.
| Year | Percentage | Change vs prior year |
|---|---|---|
| 2024 | 33.36 | +4.3% |
| 2023 | 31.97 | +4.1% |
| 2022 Trough | 30.73 | −12.6% |
| 2021Peak | 35.16 | +2% |
| 2020 | 34.47 | −1.4% |
| 2019 | 34.98 | +8% |
| 2018 | 32.38 | −2.7% |
| 2017 | 33.28 | −0.6% |
| 2016 | 33.49 | −1.9% |
| 2015 | 34.16 | — |
Regional context
How Denmark compares in Europe & Central Asia
Tax Revenue as Percentage of GDP by country, 2024, Percentage. Denmark is highlighted.
1Denmark33.36
2Sweden27.23
3UK26.89
4Italy25.60
5Finland25.33
6Netherlands25.28
7France22.78
8Turkey17.62
Data definition
Inclusions and exclusions
Tax Revenue as Percentage of GDP — – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
The data includes compulsory tax payments collected by the central government, such as taxes on income, profits and capital gains, payroll taxes, property taxes, taxes on goods and services (including VAT, GST, and excise duties), taxes on international trade, customs duties, and other taxes recorded under the IMF Government Finance Statistics (GFS) framework. The indicator is expressed as a percentage of GDP using standardized national accounts and government finance statistics.
The data excludes non-tax government revenue such as grants, fees, licenses, administrative charges, dividends from state-owned enterprises, and income from government assets. It also excludes fines, penalties, most social security contributions, refunds treated as negative revenue, and informal or unrecorded tax collections not captured in official government finance statistics. For many countries, the indicator reflects central government tax revenue only and may not include taxes collected by state, provincial, or local governments.
About this indicator
Tax Revenue as Percentage of GDP — – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
Tax revenue accounted for 34.16% of GDP in 2015, declined gradually to 32.38% in 2018, increased to 34.98% in 2019, remained elevated at 34.47% in 2020, and reached a decade high of 35.16% in 2021. The ratio subsequently fell to 30.73% in 2022 before recovering to 31.97% in 2023 and 33.36% in 2024.
The year-wise trend reflects Denmark's robust fiscal framework, efficient tax administration, and comprehensive welfare-based taxation system. While the temporary decline in 2022 indicates changing economic and fiscal conditions, the subsequent recovery demonstrates the resilience of the country's revenue base and its continued ability to finance healthcare, education, social protection, infrastructure, and other public services through strong domestic revenue mobilization.
This dataset is an important indicator for policymakers, economists, financial institutions, investors, researchers, and international organizations evaluating fiscal sustainability, taxation efficiency, and government revenue performance. It supports benchmarking Denmark against regional and global economies, assessing the effectiveness of tax policies, monitoring long-term fiscal trends, forecasting future government revenue, and examining the relationship between taxation, economic growth, and public expenditure. The data also contributes to research on public finance, macroeconomic stability, fiscal resilience, and sustainable economic development.
Overall, the 2015–2024 dataset highlights Denmark's consistently high tax revenue relative to GDP despite short-term fluctuations. It provides a reliable foundation for fiscal analysis, policy formulation, investment assessment, and long-term economic forecasting while demonstrating the country's strong fiscal capacity and effective public finance management.
- Indicator
- Tax Revenue as Percentage of GDP
- Country
- Denmark
- Region
- Europe & Central Asia
- Unit
- Percentage
- Coverage
- 2015–2024, annual
- Category
- BFSI
- Last updated
- July 2026
- Source
- data.worldbank.org
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Frequently asked questions
What is Denmark Tax Revenue as Percentage of GDP?
Definition – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
What was Denmark Tax Revenue as Percentage of GDP in 2024?
Denmark Tax Revenue as Percentage of GDP was 33.36 Percentage in 2024, up 4.3% on 2023.
How has Denmark Tax Revenue as Percentage of GDP changed between 2015 and 2024?
Denmark Tax Revenue as Percentage of GDP moved from 34.16 Percentage in 2015 to 33.36 Percentage in 2024 (−2.3%), an average of −0.3% a year. The series high was 35.16 Percentage in 2021 and the low 30.73 Percentage in 2022.
Which year had the highest and lowest Denmark Tax Revenue as Percentage of GDP?
The highest value was 35.16 Percentage in 2021 and the lowest was 30.73 Percentage in 2022.
What does the Denmark Tax Revenue as Percentage of GDP data include and exclude?
Included: The data includes compulsory tax payments collected by the central government, such as taxes on income, profits and capital gains, payroll taxes, property taxes, taxes on goods and services (including VAT, GST, and excise duties), taxes on international trade, customs duties, and other taxes recorded under the IMF Government Finance Statistics (GFS) framework. The indicator is expressed as a percentage of GDP using standardized national accounts and government finance statistics. Excluded: The data excludes non-tax government revenue such as grants, fees, licenses, administrative charges, dividends from state-owned enterprises, and income from government assets. It also excludes fines, penalties, most social security contributions, refunds treated as negative revenue, and informal or unrecorded tax collections not captured in official government finance statistics. For many countries, the indicator reflects central government tax revenue only and may not include taxes collected by state, provincial, or local governments.
Where does the Denmark Tax Revenue as Percentage of GDP data come from?
The series is sourced from data.worldbank.org (https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS). It covers 2015–2024 and is reported in Percentage.
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