Denmark's tax revenue (current LCU) was 976.36 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 34.77% from 724.48 billion in 2014 (3.03% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 976.36 billion | 2024 |
| Five years earlier | 805.75 billion | 2019 |
| Ten years earlier | 724.48 billion | 2014 |
| Highest | 976.36 billion | 2024 |
| Lowest | 46.83 billion | 1972 |
| Average since 2015 | 809.56 billion | 2015–2024 |
| First recorded | 46.83 billion |
What the numbers say
In 2024, Denmark's tax revenue (current LCU) rose 9.5% on 2023 (from 891.39 billion to 976.36 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4% and a typical year strayed about 4.9% from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 15.8% in 1978 and the biggest yearly fall was 5.7% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 30.76 billion a year. A straight line explains 93% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 1.01 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 21 billion, against 37.54 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Denmark had the 32nd highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Denmark in the 2024 ranking
- Czechia — 29th of 91: 1.5 trillion
- Norway — 30th of 91: 1.32 trillion
- Dominican Republic — 31st of 91: 1.09 trillion
- United Kingdom — 33rd of 91: 777.48 billion
- France — 34th of 91: 665.11 billion
- Poland — 35th of 91: 635.32 billion
What this measures
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 53 values
| Year | Tax revenue (current LCU) |
|---|---|
| 2024 | 976,356,000,000 |
| 2023 | 891,390,000,000 |
| 2022 | 870,006,000,000 |
| 2021 | 897,645,000,000 |
| 2020 | 801,998,000,000 |
| 2019 | 805,752,000,000 |
| 2018 | 726,547,000,000 |
| 2017 | 728,689,000,000 |
| 2016 | 703,806,000,000 |
| 2015 | 693,438,000,000 |
| 2014 |
Tax revenue (current LCU) in nearby economies
- Albania — 453.59 billion (2024)
- Armenia — 2.28 trillion (2024)
- Austria — 127.38 billion (2024)
- Azerbaijan — 21.89 billion (2024)
- Belarus — 33.27 billion (2024)
- Belgium — 142.33 billion (2024)
- Bosnia and Herzegovina — 10.87 billion (2024)
- Bulgaria — 21.66 billion (2024)
- Croatia — 16.77 billion (2023)
- Cyprus — 8.32 billion (2024)
- Czechia — 1.5 trillion (2024)
- Estonia
More public sector data for Denmark
- Military expenditure (current USD) — 14.95 billion (2025)
- Military expenditure (current LCU) — 98.9 billion (2025)
- Military expenditure (% of GDP) — 3.25% (2025)
- Arms imports (SIPRI trend indicator values) — 278 million (2025)
- Net investment in nonfinancial assets (current LCU) — 48.73 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 1.67% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — 122.81 billion (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — 4.2% (2024)
- Social contributions (current LCU) — 19.52 billion (2024)
- Social contributions (% of revenue)
Reading data like this
Questions people ask
- What is Denmark's tax revenue (current LCU)?
- 976.36 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 1,985% from 46.83 billion in 1972 (6.01% a year on average, compounded). The highest value was 976.36 billion in 2024 and the lowest 46.83 billion in 1972.
- How does Denmark rank?
- 32nd highest of 91 economies with data for 2024.
Source
World Bank, World Development Indicators, indicator GC.TAX.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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