In 2024, Germany leads in social contributions at 16.11% of GDP, closely followed by Slovenia and Slovakia. Japan and Italy also feature prominently in the upper bracket. Over the last year, Japan saw a notable increase of 1.52%, while Lithuania and Hungary experienced significant declines. Canada registered a substantial increase of 4.02%. The five-year CAGR indicates modest overall growth, with Germany and Austria maintaining steady rises, while various Eastern European countries show varied trends.
Future trends suggest increased emphasis on fiscal sustainability, potential shifts due to demographic changes, and evolving socio-economic factors that may influence contribution rates across countries.
Top countries in Social Contributions Received by Social Security Funds by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16.11 | 2023 | -0.11% | +0.22% | View data |
| 2 | 2 Slovenia | 15.85 | 2023 | -0.011% | +0.74% | View data |
| 3 | 3 Slovakia | 14.15 | 2023 | -0.32% | -0.2% | View data |
| 4 | 4 Japan | 13.68 | 2023 | +1.45% | +1.52% | View data |
| 5 | 5 Italy | 13.14 | 2023 | +0.22% | +0.17% | View data |
| 6 | 6 Poland | 12.97 | 2023 | +0.32% | -0.34% | View data |
| 7 | 7 Belgium | 12.83 | 2023 | -0.18% | -0.61% | View data |
| 8 | 8 Austria | 12.6 | 2023 | -0.00076% | +0.22% | View data |
| 9 | 9 Finland | 12.05 | 2023 | +0.15% | +0.15% | View data |
| 10 | 10 Luxembourg | 10.55 | 2023 | +0.37% | -0.11% | View data |
