The 2023 data indicates Brazil as the leading nation in social security contributions, followed by Argentina and the Philippines. Emerging markets such as Kenya and the Democratic Republic of the Congo showed significant growth, with year-on-year increases over 7%. Contrarily, Denmark experienced a marked decline, showing signs of decreasing contributions. The overall trend displayed moderate increases across various countries, with several European nations showing minimal growth. In broader terms, the global market showed a varied trajectory, with emerging and developing countries challenging the previously dominant players.
Looking forward, globalization impacts, shifts in employment patterns due to automation, and changes in demographic profiles are pivotal to watch. Many countries will likely focus on tailoring policies to encourage contributions while addressing the complexities of ageing populations and increasing employment informality. Additionally, the effect of technology on employment trends and subsequent revenue flows will be essential in understanding future SSC contributions.
Top countries in 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 | 163,800 | 2023 | +0.67% | +0.43% | View data |
| 2 | 2 Argentina | 28,460 | 2023 | -0.38% | -2.62% | View data |
| 3 | 3 Philippines | 10,930 | 2023 | +3.84% | +5.83% | View data |
| 4 | 4 Morocco | 8,290 | 2023 | +3.05% | +3.79% | View data |
| 5 | 5 Indonesia | 6,850 | 2023 | +5.66% | +5.03% | View data |
| 6 | 6 Bulgaria | 6,830 | 2023 | +3.2% | +3.52% | View data |
| 7 | 7 Ecuador | 6,710 | 2023 | +3.27% | +3.9% | View data |
| 8 | 8 Cuba | 6,540 | 2023 | +3.46% | +4.67% | View data |
| 9 | 9 Thailand | 6,260 | 2023 | +3.41% | +4.53% | View data |
| 10 | 10 Costa Rica | 5,930 | 2023 | +3.16% | +3.52% | View data |
