Revenues from taxes in Portugal fall to 35.1% of GDP in 2024

Revenues obtained by the Portuguese State from taxes in 2024 corresponding to 35.1% of the wealth produced in Portugal that year, revealing a fall in the share of taxes to GDP for the second year running according to the OECD.

In its report Revenues Statistics 2025 published on Tuesday, the OECD had worked out that the amount of tax revenues collected by Portugal, measured as a percentage of GDP, fell 0.2% from 2023 to 2024, going from 35.3% to 35.1%.

The trend is identical to that of 2022 to 2023 in which a fall in tax revenues of 0.6% was registered with the value of total tax revenues going from 35.9% to 35.3%.

The OECD statistics include definitive data on public revenues for 2023 and provisional data for 2024, a year in which, the organisation says, “many OECD countries have adopted measures aimed at increasing revenues in response to short- and long-term pressures on public spending”.

The decline observed in Portugal in 2024 was contrary to the trend observed in all OECD countries with available data, where “the average tax/GDP ratio of OECD countries increased by 0.3 percentage points”, from 33.7% in 2023 to 34.1% in 2024.