The data for 2023 shows that Costa Rica led global Social Security Contributions tax revenue with $146.98 million, while Denmark was at the lowest with $0.091 million. Analyses of year-on-year variations reveal notable increases in Hungary (5.63%), Latvia (6.63%), and Slovakia (3.61%), contrasted by significant declines in Denmark (-5.56%) and Sweden (-2.75%). Over the last five years, Estonia showed remarkable growth.
Future trends to observe in Social Security Contributions include:
- Potential growth in countries demonstrating high recent increases such as Estonia and Latvia.
- The impact of economic policies on revenue fluctuations in countries like Denmark and Sweden.
- Global economic conditions potentially affecting smaller economies like Latvia and Estonia more significantly.
Top countries in Social Security Contributions (SSC) Tax Revenue Perceived by a Federal or Central Government by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Costa Rica | 146.98 | 2023 | +1.15% | -0.25% | View data |
| 2 | 2 Cameroon | 85.33 | 2023 | +1.41% | -0.31% | View data |
| 3 | 3 Norway | 45.61 | 2023 | +1.28% | +0.76% | View data |
| 4 | 4 Sweden | 20.68 | 2023 | -1.07% | -2.75% | View data |
| 5 | 5 Canada | 18.01 | 2023 | +0.65% | +0.85% | View data |
| 6 | 6 Austria | 10.14 | 2023 | +1.29% | +0.67% | View data |
| 7 | 7 France | 9.29 | 2023 | +0.18% | -0.9% | View data |
| 8 | 8 Spain | 3.97 | 2023 | +0.16% | -0.68% | View data |
| 9 | 9 Portugal | 2.39 | 2023 | +0.39% | -0.85% | View data |
| 10 | 10 Estonia | 2.14 | 2023 | +2.9% | +2.9% | View data |
