Hungary - Social contributions (% of revenue)

Social contributions (% of revenue) in Hungary was 29.69 as of 2019. Its highest value over the past 38 years was 36.16 in 1998, while its lowest value was 15.31 in 1981.

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
1981 15.31
1982 16.98
1983 17.38
1984 21.92
1985 24.93
1986 24.47
1987 23.85
1988 24.50
1989 29.38
1990 29.23
1991 30.41
1992 33.54
1993 32.00
1994 30.87
1995 35.04
1996 32.86
1997 35.84
1998 36.16
1999 34.42
2000 34.10
2001 34.38
2002 35.04
2003 34.84
2004 33.91
2005 34.77
2006 34.30
2007 35.01
2008 33.16
2009 31.44
2010 29.95
2011 33.37
2012 32.36
2013 31.47
2014 31.15
2015 30.54
2016 33.08
2017 31.39
2018 30.31
2019 29.69

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