United States - Social contributions (% of revenue)

Social contributions (% of revenue) in United States was 38.46 as of 2020. Its highest value over the past 48 years was 41.88 in 2009, 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 35.33
1991 34.53
1992 36.21
1993 34.99
1994 35.07
1995 34.15
1996 33.67
1997 32.74
1998 32.16
1999 32.43
2000 31.26
2001 35.01
2002 38.88
2003 39.68
2004 39.29
2005 36.49
2006 35.17
2007 35.06
2008 37.22
2009 41.88
2010 39.30
2011 34.80
2012 34.44
2013 34.46
2014 34.33
2015 34.23
2016 35.02
2017 33.69
2018 37.30
2019 37.47
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