Euro area - Social contributions (% of revenue)

Social contributions (% of revenue) in Euro area was 33.01 as of 2019. Its highest value over the past 46 years was 38.77 in 1994, while its lowest value was 31.45 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
1973 36.51
1974 37.05
1975 34.81
1976 34.39
1977 34.32
1978 34.74
1979 34.82
1980 34.30
1981 34.58
1982 34.61
1983 33.90
1984 34.14
1985 35.27
1986 37.13
1987 37.29
1988 32.80
1989 33.60
1990 31.45
1991 36.09
1992 37.24
1993 37.13
1994 38.77
1995 34.49
1996 34.60
1997 33.80
1998 32.17
1999 32.87
2000 32.44
2001 31.95
2002 32.65
2003 33.30
2004 32.51
2005 32.32
2006 31.67
2007 31.79
2008 32.75
2009 33.80
2010 34.05
2011 33.35
2012 33.26
2013 32.98
2014 32.94
2015 33.05
2016 33.31
2017 33.56
2018 33.65
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