High income - Social contributions (% of revenue)

Social contributions (% of revenue) in High income was 30.43 as of 2019. Its highest value over the past 47 years was 32.39 in 2009, while its lowest value was 18.46 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 20.61
1973 22.58
1974 23.53
1975 26.71
1976 24.62
1977 25.64
1978 25.74
1979 25.15
1980 21.89
1981 18.46
1982 22.17
1983 21.01
1984 22.12
1985 22.63
1986 24.47
1987 24.08
1988 24.22
1989 26.96
1990 23.50
1991 25.47
1992 30.20
1993 29.57
1994 31.32
1995 30.50
1996 29.56
1997 28.79
1998 29.05
1999 28.33
2000 29.10
2001 30.30
2002 29.87
2003 30.45
2004 29.88
2005 30.39
2006 29.32
2007 29.86
2008 30.59
2009 32.39
2010 31.19
2011 31.27
2012 30.96
2013 29.27
2014 30.13
2015 30.05
2016 29.69
2017 30.59
2018 30.28
2019 30.43

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