Italy - Social contributions (% of revenue)

Social contributions (% of revenue) in Italy was 33.01 as of 2019. Its highest value over the past 46 years was 41.43 in 1975, while its lowest value was 29.11 in 1989.

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 38.85
1974 38.35
1975 41.43
1976 38.07
1977 35.97
1978 34.80
1979 35.45
1980 33.93
1981 34.54
1982 34.03
1983 32.42
1984 32.59
1985 32.78
1986 37.49
1987 39.19
1988 29.41
1989 29.11
1995 34.01
1996 34.82
1997 33.81
1998 31.15
1999 30.74
2000 31.38
2001 31.61
2002 32.40
2003 32.87
2004 33.51
2005 33.86
2006 31.91
2007 32.98
2008 33.88
2009 33.93
2010 33.85
2011 33.83
2012 32.95
2013 32.79
2014 32.61
2015 32.59
2016 31.97
2017 32.19
2018 32.94
2019 33.01

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