Lithuania - Social contributions (% of revenue)

Social contributions (% of revenue) in Lithuania was 29.77 as of 2019. Its highest value over the past 28 years was 39.12 in 2018, while its lowest value was 22.65 in 1995.

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
1991 27.32
1993 27.49
1994 33.59
1995 22.65
1996 24.84
1997 24.15
1998 27.46
1999 27.27
2000 28.70
2001 30.30
2002 29.32
2003 29.35
2004 29.64
2005 28.25
2006 28.53
2007 28.21
2008 29.08
2009 37.58
2010 35.93
2011 35.64
2012 35.15
2013 35.12
2014 34.86
2015 35.75
2016 37.79
2017 38.94
2018 39.12
2019 29.77

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