Analyzing the Global Employees Social Security Contribution (SSC) tax revenue reveals a diverse landscape in 2023, with Brazil leading at 64.92 million US dollars. Argentina's revenue experienced a notable decline of 2.52% year-on-year, while countries like Thailand and Mongolia saw substantial growth rates of 5.11% and 5.75%, respectively. Smaller economies like the Democratic Republic of the Congo and Lithuania recorded significant increases of 9.8% and 25.11%, showcasing rapid growth trajectories. However, Denmark faced a steep decline of 8.67% in SSC tax revenue.
In terms of future trends, factors to watch include technological advancements and their impact on employment patterns, societal aging, and potential amendments in SSC policies due to economic shifts or political changes. Developed nations may see gradual changes, whereas developing countries might witness more dynamic shifts influenced by economic growth and labor market reforms.
Top countries in Employees Social Security Contribution (SSC) Tax Revenue Perceived by Any Governmental Institution Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 64.92 | 2023 | +1.14% | +1.47% | View data |
| 2 | 2 Argentina | 17.84 | 2023 | -0.0048% | -2.52% | View data |
| 3 | 3 Thailand | 4.7 | 2023 | +4.02% | +5.11% | View data |
| 4 | 4 Bulgaria | 3.7 | 2023 | +3.59% | +4.09% | View data |
| 5 | 5 Peru | 2.26 | 2023 | +2.8% | +2.26% | View data |
| 6 | 6 South Africa | 1.14 | 2023 | +0.89% | +0.11% | View data |
| 7 | 7 United States | 1.03 | 2023 | +2.42% | +2.81% | View data |
| 8 | 8 Ivory Coast | 0.63 | 2023 | +3.25% | +3.07% | View data |
| 9 | 9 Japan | 0.49 | 2023 | +1.52% | +1.84% | View data |
| 10 | 10 Mongolia | 0.46 | 2023 | +3.18% | +5.75% | View data |
