United Kingdom - Social contributions (% of revenue)

Social contributions (% of revenue) in United Kingdom was 22.62 as of 2019. Its highest value over the past 47 years was 22.62 in 2019, while its lowest value was 15.16 in 1981.

Definition: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 15.63
1973 16.97
1974 16.95
1975 17.34
1976 18.61
1977 17.42
1978 17.05
1979 16.25
1980 15.48
1981 15.16
1982 16.26
1983 16.85
1984 16.94
1985 16.71
1986 17.59
1987 22.17
1988 21.98
1989 21.80
1990 20.09
1991 19.84
1992 20.38
1993 21.52
1994 20.97
1995 19.82
1996 19.86
1997 20.04
1998 19.30
1999 19.56
2000 19.39
2001 19.91
2002 20.05
2003 21.19
2004 21.29
2005 20.98
2006 21.18
2007 20.87
2008 20.90
2009 22.44
2010 21.68
2011 21.43
2012 21.17
2013 20.77
2014 20.90
2015 21.19
2016 21.39
2017 21.53
2018 21.57
2019 22.62

Limitations and Exceptions: 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). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance