The analysis of Global Employers' Social Security Contributions (SSC) tax revenue shows varying levels of contributions across countries. Brazil, being the highest contributor, saw a significant decrease of -19.44% in 2023, while Argentina registered a slight decline of -2.41%. In contrast, countries like the Democratic Republic of the Congo experienced substantial growth at 13.94%. Developing nations such as Nigeria and the Philippines showed positive growth, signifying increasing SSC contributions.
Key trends to watch:
- Emerging markets may continue to increase contributions due to population and workforce growth.
- Economic fluctuations can impact SSC revenue, particularly in countries dependent on export economies.
- Policy changes in major economies like Brazil may result in volatility in SSC contributions.
Top countries in Employers Social Security Contributions (SSC) Tax Revenue Perceived by Any Governmental Institution Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 50.96 | 2023 | -10.58% | -19.44% | View data |
| 2 | 2 Argentina | 20.63 | 2023 | -0.42% | -2.41% | View data |
| 3 | 3 Bulgaria | 5.21 | 2023 | +3.01% | +3.28% | View data |
| 4 | 4 Peru | 4.81 | 2023 | +2.77% | +3.08% | View data |
| 5 | 5 Philippines | 4.23 | 2023 | +4.22% | +6.35% | View data |
| 6 | 6 Thailand | 3.72 | 2023 | +2.67% | +3.73% | View data |
| 7 | 7 Nigeria | 1.95 | 2023 | +1.37% | +5.19% | View data |
| 8 | 8 Costa Rica | 0.95 | 2023 | +2.83% | +2.98% | View data |
| 9 | 9 South Africa | 0.92 | 2023 | +1.1% | +0.25% | View data |
| 10 | 10 United States | 0.88 | 2023 | +1.98% | +2.32% | View data |
