North America - Social contributions (% of revenue)

Social contributions (% of revenue) in North America was 38.46 as of 2020. Its highest value over the past 48 years was 38.46 in 2020, while its lowest value was 23.60 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.

See also:

Year Value
1972 23.60
1973 24.98
1974 26.20
1975 28.11
1976 28.27
1977 27.88
1978 28.26
1979 27.72
1980 28.22
1981 28.00
1982 29.85
1983 31.31
1984 32.69
1985 32.90
1986 33.92
1987 32.82
1988 34.23
1989 33.91
1990 26.10
1991 26.27
1992 28.04
1993 27.91
1994 28.37
1995 27.55
1996 26.70
1997 25.92
1998 25.64
1999 25.73
2000 25.06
2001 27.65
2002 30.40
2003 30.89
2004 30.41
2005 28.96
2006 28.00
2007 28.04
2008 29.42
2009 32.56
2010 31.16
2011 28.64
2012 28.83
2013 29.10
2014 28.89
2015 28.74
2016 29.11
2017 27.75
2018 29.25
2019 29.49
2020 38.46

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