Norway - Social contributions (% of revenue)

Social contributions (% of revenue) in Norway was 22.31 as of 2019. Its highest value over the past 47 years was 27.20 in 1973, while its lowest value was 16.84 in 2006.

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 19.75
1973 27.20
1974 26.88
1975 27.17
1976 25.51
1977 25.64
1978 25.74
1979 25.50
1980 21.89
1981 21.61
1982 22.17
1983 21.01
1984 20.75
1985 20.17
1986 21.59
1987 22.89
1988 23.95
1989 25.19
1990 23.50
1991 23.83
1992 25.01
1993 23.47
1994 22.88
1995 23.25
1996 22.09
1997 22.21
1998 24.63
1999 23.65
2000 18.65
2001 19.61
2002 20.78
2003 21.00
2004 19.54
2005 18.04
2006 16.84
2007 17.38
2008 16.85
2009 20.21
2010 19.95
2011 19.00
2012 19.24
2013 20.52
2014 21.62
2015 22.95
2016 23.56
2017 22.73
2018 21.48
2019 22.31

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