Canada - Social contributions (% of revenue)

Social contributions (% of revenue) in Canada was 21.51 as of 2019. Its highest value over the past 29 years was 23.75 in 2013, while its lowest value was 16.87 in 1990.

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
1990 16.87
1991 18.02
1992 19.88
1993 20.84
1994 21.67
1995 20.96
1996 19.73
1997 19.10
1998 19.11
1999 19.04
2000 18.87
2001 20.28
2002 21.91
2003 22.10
2004 21.53
2005 21.43
2006 20.83
2007 21.02
2008 21.62
2009 23.24
2010 23.02
2011 22.49
2012 23.22
2013 23.75
2014 23.45
2015 23.26
2016 23.20
2017 21.81
2018 21.20
2019 21.51

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