In 2023, Brazil leads in Global Employers Social Security Contributions with $39.98 billion, but a significant decrease of 19.44% year-on-year. Argentina ($16.19 billion) follows, experiencing a smaller decline. Marked growth is seen in the Democratic Republic of the Congo (13.94%) and Seychelles (8.7%). Meanwhile, many European countries like Germany, Portugal, and Slovenia see moderate increases. Lithuania marks a profound drop of 25.22%, and Denmark declines by 7.44%. Most countries show stable or modest positive trends, reflected by low CAGRs over the past 5 years.
Looking ahead, geopolitical tensions, economic conditions, and demographic changes will influence SSC tax revenue. Watch for shifts in labor policies and reforms impacting unemployment and retirement systems, alongside technological advancements enabling better tax collection methods.
Top countries in Employers Social Security Contributions (SSC) Tax Revenue Perceived by Social Security Funds by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 39,980 | 2023 | -10.58% | -19.44% | View data |
| 2 | 2 Argentina | 16,190 | 2023 | -0.42% | -2.41% | View data |
| 3 | 3 Bulgaria | 4,090 | 2023 | +3.01% | +3.28% | View data |
| 4 | 4 Peru | 3,770 | 2023 | +2.77% | +3.08% | View data |
| 5 | 5 Thailand | 2,920 | 2023 | +2.67% | +3.73% | View data |
| 6 | 6 Nigeria | 1,530 | 2023 | +1.37% | +5.19% | View data |
| 7 | 7 Costa Rica | 744.47 | 2023 | +2.83% | +2.98% | View data |
| 8 | 8 South Africa | 723.59 | 2023 | +1.1% | +0.25% | View data |
| 9 | 9 United States | 693.76 | 2023 | +1.98% | +2.32% | View data |
| 10 | 10 Ivory Coast | 606.89 | 2023 | +3.26% | +3.09% | View data |
