In 2023, Brazil led in Global Employers Social Security Contributions (SSC) at $39.98 billion, despite a sharp 19.44% decline. Bulgaria, Peru, and other emerging markets showed positive growth, with the Democratic Republic of the Congo experiencing the highest increase at 13.94%. Advanced economies like the US, Germany, and Japan observed modest gains, while France and Sweden saw decreases. Argentina faced a slight dip of 2.41%, indicating varied regional challenges.
Future trends to watch:
- Emerging markets continue to show growth potential, particularly in Africa and Southeast Asia, driven by economic expansion and increased formal employment.
- Advanced economies may see fluctuations influenced by economic policies and labor market reforms.
- Monitoring Brazil's trajectory post-decline could provide insights into recovery prospects and fiscal adjustments.
Top countries in Employers Social Security Contributions (SSC) Tax Revenue Perceived by Any Governmental Institution 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 Philippines | 3,320 | 2023 | +4.22% | +6.35% | View data |
| 6 | 6 Thailand | 2,920 | 2023 | +2.67% | +3.73% | View data |
| 7 | 7 Nigeria | 1,530 | 2023 | +1.37% | +5.19% | View data |
| 8 | 8 Costa Rica | 744.47 | 2023 | +2.83% | +2.98% | View data |
| 9 | 9 South Africa | 723.59 | 2023 | +1.1% | +0.25% | View data |
| 10 | 10 United States | 693.76 | 2023 | +1.98% | +2.32% | View data |
