In 2023, countries such as Brazil, Argentina, and Denmark presented notable figures in their social security contribution tax revenues with Brazil leading at 41.21 billion USD. Year-on-year, countries like Mongolia, the Democratic Republic of the Congo, and Lithuania exhibited the most significant growth in SSC revenues with rises of 5.75%, 9.8%, and an impressive 25.11%, respectively. Conversely, countries like Argentina and Denmark faced declines, with Denmark showing a marked decrease of 8.67%. The average annual change over the past five years, denoted as CAGR, also suggests varied performance across different countries.
Looking forward, key trends to observe include how macroeconomic conditions, demographic shifts, and legislative changes may impact SSC revenues. Monitoring these factors in emerging markets where growth is pronounced, as well as in economies with declining trends, will provide insights into future social security financing challenges and opportunities.
Top countries in Employees Social Security Contribution (SSC) Tax Revenue Perceived by Any Governmental Institution by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 41,210 | 2023 | +1.14% | +1.47% | View data |
| 2 | 2 Argentina | 11,320 | 2023 | -0.0048% | -2.52% | View data |
| 3 | 3 Thailand | 2,990 | 2023 | +4.02% | +5.11% | View data |
| 4 | 4 Bulgaria | 2,350 | 2023 | +3.59% | +4.09% | View data |
| 5 | 5 Peru | 1,430 | 2023 | +2.8% | +2.26% | View data |
| 6 | 6 South Africa | 726.63 | 2023 | +0.89% | +0.11% | View data |
| 7 | 7 United States | 654.88 | 2023 | +2.42% | +2.81% | View data |
| 8 | 8 Ivory Coast | 397.02 | 2023 | +3.25% | +3.07% | View data |
| 9 | 9 Japan | 310.85 | 2023 | +1.52% | +1.84% | View data |
| 10 | 10 Mongolia | 290.31 | 2023 | +3.18% | +5.75% | View data |
