In 2023, Germany had the highest social security contributions among the listed countries at 39.77% of taxation, followed closely by Poland at 38.78% and Estonia at 37.71%. The United States had a significantly lower rate at 24.9%, with Iceland and Denmark having the least at 8.87% and 0.1%, respectively.
Year-on-year variation indicates small increases in most countries, with South Korea leading at a 3.03% rise, while Iceland and Netherlands observed declines. The last five years have shown moderate average annual growth in contribution rates.
Looking ahead, expect fluctuations influenced by economic factors and policy changes, potentially shifting countries' standings in social security contributions.
Top countries in Total Social Security Contributions by Country
| # | 10 Countries | Percent of Taxation | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 39.77 | 2023 | +0.078% | +1.09% | View data |
| 2 | 2 Poland | 38.78 | 2023 | +0.31% | +0.82% | View data |
| 3 | 3 Estonia | 37.71 | 2023 | +0.32% | +1.55% | View data |
| 4 | 4 Netherlands | 34.27 | 2023 | +0.0029% | -0.97% | View data |
| 5 | 5 Belgium | 32.24 | 2023 | +0.35% | +1.31% | View data |
| 6 | 6 Latvia | 31.58 | 2023 | -0.016% | +1.51% | View data |
| 7 | 7 Portugal | 29.55 | 2023 | 0% | +1.89% | View data |
| 8 | 8 South Korea | 29.48 | 2023 | +1.68% | +3.03% | View data |
| 9 | 9 United States | 24.9 | 2023 | +0.068% | +0.29% | View data |
| 10 | 10 Iceland | 8.87 | 2023 | -0.011% | -1.3% | View data |
