Brazil leads in SSC tax revenue among the examined countries. Notably, Brazil's SSC tax revenue showed a year-on-year increase of 1.47%. Conversely, Argentina experienced a decline of 2.52%. Emerging economies like Thailand and Bulgaria recorded impressive growth rates of 5.11% and 4.09% respectively. Smaller nations such as the Democratic Republic of the Congo exhibited significant growth at 9.8%, while Lithuania marked a 25.11% increase. Established economies like Germany and Japan showed moderate growth.
Looking forward, attention should focus on how global economic developments and policy changes influence SSC tax revenue. Emerging markets, due to their rapid growth, could play a pivotal role in shaping future contributions.
Top countries in Employees Social Security Contribution (SSC) 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 | 64.86 | 2023 | +1.14% | +1.47% | View data |
| 2 | 2 Argentina | 17.82 | 2023 | -0.0048% | -2.52% | View data |
| 3 | 3 Thailand | 4.7 | 2023 | +4.02% | +5.11% | View data |
| 4 | 4 Bulgaria | 3.69 | 2023 | +3.59% | +4.09% | View data |
| 5 | 5 Peru | 2.26 | 2023 | +2.8% | +2.26% | View data |
| 6 | 6 South Africa | 1.14 | 2023 | +0.89% | +0.11% | View data |
| 7 | 7 United States | 1.03 | 2023 | +2.42% | +2.81% | View data |
| 8 | 8 Ivory Coast | 0.62 | 2023 | +3.25% | +3.07% | View data |
| 9 | 9 Japan | 0.49 | 2023 | +1.52% | +1.84% | View data |
| 10 | 10 Mongolia | 0.46 | 2023 | +3.18% | +5.75% | View data |
