In 2023, notable global disparities in Social Security Contribution (SSC) tax revenue were observed. Brazil's SSC revenue, the highest, experienced moderate growth. Argentina faced declining revenues, reflecting economic challenges. Rapid increases in Thailand, Bulgaria, and particularly the Democratic Republic of the Congo suggest a growing focus on social welfare. In contrast, major economies like the US, Japan, and Germany showed modest growth, highlighting a stable trend. Smaller economies such as Lithuania and Seychelles recorded significant growth, indicating a drive toward robust social security funding. Estonia displayed minimal growth, exemplifying regional economic variations.
Future trends to watch include:
- Emerging economies may continue increasing SSC revenues to bolster social systems.
- Economic policy changes in major countries could stabilize or disrupt current revenue trends.
- Technological advancements could impact tax revenue collections and efficiency.
- Global economic shifts may influence revenue patterns and necessitate adaptive fiscal strategies.
Top countries in Employees Social Security Contribution (SSC) Tax Revenue Perceived by Social Security Funds 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 |
