Tax as a percentage of GDP

In 2022 Sweden had the eighth highest tax-to-GDP ratio of the OECD countris. The tax as percentage to GDP exceeded 41 percent which can be compared to the OECD average around 34 percent. 

Beginning in the 1960s and 1970s, the tax level in Sweden increased sharply and culminated in the late 1980s and early 90s. During the first decade of this century the tax-to-GDP ratio tended to decrease, much due to tax cuts on work income. However, in recent years, that trend has reversed slightly. Due to financial crisis in Europe 2008 and later the pandemic, other OECD countries have extended their tax-to-GDP ratio to pay for the consequences and thus passed Sweden on the list.