In 2023, Brazil led in global total tax revenue perceived by social security funds, significantly outpacing the second country, Argentina. Philippines and Indonesia showed robust growth exceeding 5% year-on-year, indicating dynamic shifts in their social security funding capacities. Meanwhile, advanced economies like the United States and Japan demonstrated subdued yet stable growth, aligning with their high base structures.
Trends to watch include the rapid growth in the Democratic Republic of the Congo, posting a 12.66% year-on-year increase. Future dynamics may be influenced by economic reforms and demographic changes influencing social security policies globally, thus altering tax revenue distributions.
Top countries in Total Tax Revenue Perceived by Social Security Funds Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 54.39 | 2023 | +0.67% | +0.43% | View data |
| 2 | 2 Argentina | 9.45 | 2023 | -0.38% | -2.62% | View data |
| 3 | 3 Philippines | 3.63 | 2023 | +3.84% | +5.83% | View data |
| 4 | 4 Morocco | 2.75 | 2023 | +3.05% | +3.79% | View data |
| 5 | 5 Indonesia | 2.28 | 2023 | +5.66% | +5.03% | View data |
| 6 | 6 Bulgaria | 2.27 | 2023 | +3.2% | +3.52% | View data |
| 7 | 7 Costa Rica | 2.26 | 2023 | +3.17% | +3.57% | View data |
| 8 | 8 Ecuador | 2.23 | 2023 | +3.27% | +3.9% | View data |
| 9 | 9 Cuba | 2.17 | 2023 | +3.46% | +4.67% | View data |
| 10 | 10 Thailand | 2.08 | 2023 | +3.41% | +4.53% | View data |
