In 2023, the Czech Republic, Slovakia, and Slovenia had the highest government revenues from taxation on social security as a percentage of total taxation. Most countries showed positive year-on-year variations, with South Korea and Chile leading the charge, while Lithuania, Mexico, and Colombia saw declines. The 2024 forecast suggests that countries with growing elder populations and strong social policies, such as Japan and Germany, will maintain or increase their social security taxation revenues, whereas those with declining contributions, such as South Africa and Chile, might face fiscal challenges.
Future trends to watch include the impact of aging populations on social security systems, potential reforms aimed at balancing fiscal needs with societal demands, and the role of automated and digital tax systems in enhancing revenue collection efficiencies.
Top countries in Government Revenues from Taxation on Social Security by Country
| # | 10 Countries | Percent of Total Taxation | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 44.29 | 2023 | +0.11% | +0.2% | View data |
| 2 | 2 Slovakia | 43.76 | 2023 | +0.34% | +0.33% | View data |
| 3 | 3 Slovenia | 42.35 | 2023 | +0.28% | +0.47% | View data |
| 4 | 4 Japan | 40.61 | 2023 | +0.2% | +0.2% | View data |
| 5 | 5 Poland | 38.07 | 2023 | +0.32% | +0.44% | View data |
| 6 | 6 Germany | 38 | 2023 | +0.11% | +0.15% | View data |
| 7 | 7 Costa Rica | 35.3 | 2023 | +0.86% | +0.58% | View data |
| 8 | 8 Austria | 35.26 | 2023 | +0.26% | +0.27% | View data |
| 9 | 9 Estonia | 35.08 | 2023 | +0.14% | +0.097% | View data |
| 10 | 10 Lithuania | 34 | 2023 | -0.82% | -4.17% | View data |
