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Labour taxes drive OECD tax revenues to record high in 2024
The case
Labour taxes were the main driver behind the rise in tax revenues across OECD countries, pushing them to a record high in 2024, according to a new OECD report.
Source: OECD
The commentary
Revenue Statistics 2025 shows that the average tax-to-GDP ratio among OECD countries reached 34.1% in 2024, marking a year-on-year increase of 0.3 percentage points after two consecutive years of decline. Among the 36 countries with available preliminary data, tax-to-GDP ratios ranged widely, from 18.3% in Mexico to 45.2% in Denmark.
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