The global data for 2023 reflects varied fiscal dynamics. Brazil leads with $163.8 billion in tax revenues, showing modest growth of 0.43%. In contrast, Argentina faces a decline of 2.62%, while the Philippines experiences robust growth at 5.83%. Morocco, Indonesia, and Bulgaria also display positive growth, each exceeding 3%. Notably, Kenya and the Democratic Republic of the Congo report significant increases of 7.92% and 12.66%, respectively. Conversely, countries like Denmark show a steep decline of 17.98%.
Future trends to observe include evolving fiscal policies influencing tax contributions, economic recoveries impacting growth trajectories, and demographic shifts affecting social security needs. Emerging markets remain key focal points for tax revenue growth.
Top countries in Total Tax Revenue Perceived by Social Security Funds by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 163,800 | 2023 | +0.67% | +0.43% | View data |
| 2 | 2 Argentina | 28,460 | 2023 | -0.38% | -2.62% | View data |
| 3 | 3 Philippines | 10,930 | 2023 | +3.84% | +5.83% | View data |
| 4 | 4 Morocco | 8,290 | 2023 | +3.05% | +3.79% | View data |
| 5 | 5 Indonesia | 6,850 | 2023 | +5.66% | +5.03% | View data |
| 6 | 6 Bulgaria | 6,830 | 2023 | +3.2% | +3.52% | View data |
| 7 | 7 Costa Rica | 6,800 | 2023 | +3.17% | +3.57% | View data |
| 8 | 8 Ecuador | 6,710 | 2023 | +3.27% | +3.9% | View data |
| 9 | 9 Cuba | 6,540 | 2023 | +3.46% | +4.67% | View data |
| 10 | 10 Thailand | 6,260 | 2023 | +3.41% | +4.53% | View data |
