The data reveals Brazil as the top contributor to global social security tax revenue in 2023, with significant leads over Argentina and other nations. The Philippines, Morocco, and Indonesia demonstrate notable growth, attributed to expanding economies and social security reforms. Noteworthy declines include Egypt and France, possibly driven by economic challenges or policy shifts. The Democratic Republic of the Congo shows the highest increase, suggesting enhanced collection mechanisms or economic growth.
Looking ahead, countries like Kenya and the Philippines may continue to show positive momentum driven by economic development and effective social policy implementation. Watch for demographic changes and economic fluctuations impacting SSC tax revenue globally.
Top countries in Social Security Contributions (SSC) Tax Revenue Perceived by Social Security Funds Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 55.2 | 2023 | +0.67% | +0.43% | View data |
| 2 | 2 Argentina | 9.59 | 2023 | -0.38% | -2.62% | View data |
| 3 | 3 Philippines | 3.68 | 2023 | +3.84% | +5.83% | View data |
| 4 | 4 Morocco | 2.79 | 2023 | +3.05% | +3.79% | View data |
| 5 | 5 Indonesia | 2.31 | 2023 | +5.66% | +5.03% | View data |
| 6 | 6 Bulgaria | 2.3 | 2023 | +3.2% | +3.52% | View data |
| 7 | 7 Ecuador | 2.26 | 2023 | +3.27% | +3.9% | View data |
| 8 | 8 Cuba | 2.2 | 2023 | +3.46% | +4.67% | View data |
| 9 | 9 Thailand | 2.11 | 2023 | +3.41% | +4.53% | View data |
| 10 | 10 Costa Rica | 1.95 | 2023 | +3.21% | +3.63% | View data |
