Romania - Social contributions (% of revenue)

Social contributions (% of revenue) in Romania was 37.98 as of 2019. Its highest value over the past 47 years was 38.01 in 2018, while its lowest value was 7.72 in 1974.

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
1972 7.91
1973 8.17
1974 7.72
1975 7.93
1976 9.39
1977 9.58
1978 10.16
1979 9.45
1980 13.11
1981 15.17
1982 16.66
1983 18.27
1984 16.14
1985 12.77
1986 12.18
1987 12.17
1988 13.92
1989 13.96
1990 22.88
1991 28.91
1992 29.46
1993 31.31
1994 28.72
1995 28.84
1996 29.46
1997 27.85
1998 33.36
1999 37.70
2000 36.77
2001 37.60
2002 36.28
2003 33.19
2004 31.82
2005 33.49
2006 33.01
2007 31.36
2008 31.38
2009 33.77
2010 30.53
2011 29.00
2012 28.02
2013 28.20
2014 26.96
2015 24.61
2016 29.56
2017 32.45
2018 38.01
2019 37.98

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