South Asia - Social contributions (% of revenue)

Social contributions (% of revenue) in South Asia was 0.113 as of 2018. Its highest value over the past 28 years was 0.365 in 2017, while its lowest value was 0.029 in 1996.

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
1990 0.086
1991 0.061
1992 0.044
1993 0.050
1994 0.035
1995 0.032
1996 0.029
1997 0.041
1998 0.070
1999 0.062
2000 0.050
2001 0.192
2002 0.117
2003 0.070
2004 0.118
2005 0.091
2006 0.144
2007 0.110
2008 0.166
2009 0.217
2010 0.255
2011 0.148
2012 0.240
2013 0.190
2014 0.094
2015 0.096
2016 0.086
2017 0.365
2018 0.113

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