European Union - Social contributions (% of revenue)

Social contributions (% of revenue) in European Union was 32.86 as of 2019. Its highest value over the past 46 years was 34.79 in 1993, while its lowest value was 26.66 in 1973.

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
1973 26.66
1974 27.12
1975 28.21
1976 27.24
1977 27.88
1978 31.04
1979 32.53
1980 33.01
1981 32.20
1982 33.60
1983 31.67
1984 32.59
1985 27.80
1986 29.81
1987 28.51
1988 29.00
1989 29.93
1990 27.44
1991 30.41
1992 34.69
1993 34.79
1994 33.59
1995 33.84
1996 32.86
1997 33.56
1998 33.20
1999 34.00
2000 33.42
2001 32.02
2002 33.85
2003 33.25
2004 32.29
2005 32.32
2006 31.67
2007 31.57
2008 32.23
2009 33.50
2010 33.55
2011 33.12
2012 32.24
2013 31.93
2014 32.47
2015 31.74
2016 32.52
2017 32.30
2018 32.94
2019 32.86

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