San Marino - Social contributions (current LCU)

The value for Social contributions (current LCU) in San Marino was 190,568,000 as of 2019. As the graph below shows, over the past 24 years this indicator reached a maximum value of 82,400,000,000 in 1995 and a minimum value of 94,358,060 in 2002.

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.

Year Value
1995 82,400,000,000
2002 94,358,060
2003 98,728,590
2004 102,570,500
2005 107,612,700
2006 123,222,500
2007 143,695,600
2008 157,551,500
2009 163,711,300
2010 167,665,600
2011 161,658,500
2012 163,975,000
2013 168,294,700
2014 167,808,600
2015 171,907,500
2016 175,621,500
2017 179,479,600
2018 185,156,200
2019 190,568,000

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance