Macao SAR, China - Social contributions (% of revenue)

Social contributions (% of revenue) in Macao SAR, China was 0.325 as of 2019. Its highest value over the past 23 years was 0.853 in 2000, while its lowest value was 0.113 in 2014.

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
1996 0.471
1997 0.386
1998 0.502
1999 0.774
2000 0.853
2001 0.815
2002 0.805
2003 0.641
2004 0.521
2005 0.495
2006 0.471
2007 0.388
2008 0.294
2009 0.304
2010 0.190
2011 0.259
2012 0.134
2013 0.115
2014 0.113
2015 0.166
2016 0.176
2017 0.297
2018 0.279
2019 0.325

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