In 2024, forecasted social security contributions as a percentage of GDP vary widely across countries, with Estonia at the highest (15.12%) and Denmark at the lowest (0.046%). In 2023, Estonia saw a notable year-on-year increase of 5.56%, while Ireland faced a decrease of 2.56%. Over the past years, countries like Mexico and Portugal have shown positive growth trends with increases in contributions, whereas Finland and Ireland recorded declines. The last five years indicate varied annual changes across these nations.
Future trends to watch include potential reforms in social security policies, shifts in demographic structures, and economic changes that will influence GDP contributions. Countries experiencing economic growth or increased aging populations may see adjustments in contribution levels. Monitoring global economic health and immigration policies could provide insights into the evolution of social security contributions worldwide.
Top countries in Total Social Security Contributions by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 15.12 | 2023 | +4.03% | +5.56% | View data |
| 2 | 2 Poland | 13.98 | 2023 | +0.61% | +1.33% | View data |
| 3 | 3 Italy | 13.47 | 2023 | +0.16% | +0.78% | View data |
| 4 | 4 Finland | 11.25 | 2023 | -0.61% | -1.02% | View data |
| 5 | 5 Portugal | 10.49 | 2023 | +0.69% | +2.38% | View data |
| 6 | 6 Hungary | 10.27 | 2023 | -1.97% | -2.49% | View data |
| 7 | 7 Latvia | 10.08 | 2023 | -0.03% | +2.03% | View data |
| 8 | 8 Sweden | 9.18 | 2023 | +0.11% | -0.89% | View data |
| 9 | 9 Switzerland | 6.97 | 2023 | +0.26% | +1.77% | View data |
| 10 | 10 Ireland | 3.26 | 2023 | -1.45% | -2.56% | View data |
