Iceland - Social contributions
Social contributions (current LCU)
The value for Social contributions (current LCU) in Iceland was 97,423,480,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 98,229,530,000 in 2018 and a minimum value of 9,200,000 in 1972.
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.
| Year | Value |
|---|---|
| 1972 | 9,200,000 |
| 1973 | 9,900,000 |
| 1974 | 14,800,000 |
| 1975 | 23,800,000 |
| 1976 | 23,100,000 |
| 1977 | 41,000,000 |
| 1978 | 73,700,000 |
| 1979 | 117,700,000 |
| 1980 | 173,100,000 |
| 1981 | 180,300,000 |
| 1982 | 252,600,000 |
| 1983 | 802,000,000 |
| 1984 | 1,118,600,000 |
| 1985 | 1,475,000,000 |
| 1986 | 1,853,400,000 |
| 1987 | 1,916,000,000 |
| 1988 | 2,072,200,000 |
| 1989 | 2,598,800,000 |
| 1990 | 3,298,700,000 |
| 1991 | 8,317,500,000 |
| 1992 | 9,725,900,000 |
| 1993 | 9,913,300,000 |
| 1994 | 10,444,600,000 |
| 1995 | 10,991,400,000 |
| 1996 | 13,101,400,000 |
| 1997 | 14,352,800,000 |
| 1998 | 16,549,900,000 |
| 1999 | 18,261,700,000 |
| 2000 | 20,047,000,000 |
| 2001 | 21,909,250,000 |
| 2002 | 23,396,730,000 |
| 2003 | 26,052,960,000 |
| 2004 | 28,364,110,000 |
| 2005 | 32,776,640,000 |
| 2006 | 38,414,460,000 |
| 2007 | 39,594,230,000 |
| 2008 | 41,643,700,000 |
| 2009 | 45,912,360,000 |
| 2010 | 63,598,570,000 |
| 2011 | 66,819,620,000 |
| 2012 | 64,882,420,000 |
| 2013 | 69,898,830,000 |
| 2014 | 73,432,470,000 |
| 2015 | 79,707,290,000 |
| 2016 | 85,370,000,000 |
| 2017 | 89,649,060,000 |
| 2018 | 98,229,530,000 |
| 2019 | 97,423,480,000 |
Social contributions (% of revenue)
Social contributions (% of revenue) in Iceland was 10.51 as of 2019. Its highest value over the past 47 years was 11.80 in 2010, while its lowest value was 2.35 in 1982.
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 | 4.75 |
| 1973 | 3.47 |
| 1974 | 3.56 |
| 1975 | 4.11 |
| 1976 | 3.03 |
| 1977 | 3.84 |
| 1978 | 4.29 |
| 1979 | 4.48 |
| 1980 | 4.23 |
| 1981 | 2.72 |
| 1982 | 2.35 |
| 1983 | 4.58 |
| 1984 | 4.73 |
| 1985 | 4.72 |
| 1986 | 4.45 |
| 1987 | 3.48 |
| 1988 | 2.85 |
| 1989 | 2.75 |
| 1990 | 3.08 |
| 1991 | 7.13 |
| 1992 | 7.99 |
| 1993 | 8.12 |
| 1994 | 8.07 |
| 1995 | 8.14 |
| 1996 | 8.74 |
| 1997 | 9.32 |
| 1998 | 8.93 |
| 1999 | 8.53 |
| 2000 | 8.80 |
| 2001 | 9.06 |
| 2002 | 9.23 |
| 2003 | 9.70 |
| 2004 | 9.22 |
| 2005 | 7.98 |
| 2006 | 7.98 |
| 2007 | 7.46 |
| 2008 | 6.50 |
| 2009 | 8.16 |
| 2010 | 11.80 |
| 2011 | 11.34 |
| 2012 | 10.22 |
| 2013 | 10.47 |
| 2014 | 9.94 |
| 2015 | 10.59 |
| 2016 | 7.05 |
| 2017 | 9.99 |
| 2018 | 10.40 |
| 2019 | 10.51 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
