Cyprus vs Latvia: Social contributions
Cyprus
4.52 billion current LCU
in 2024
Latvia
4.62 billion current LCU
in 2024
Cyprus rank
84th
Latvia rank
83rd
Social contributions over time
- Cyprus
- Latvia
How they compare
Latvia currently reports 4.62 billion current LCU against 4.52 billion current LCU in Cyprus, a difference of 96.67 million current LCU.
The two have swapped places 5 times across 31 shared years of data; in 1994 it was Cyprus ahead.
Cyprus ranks 84th and Latvia ranks 83rd of 112 countries.
Across the 4 decades both report, Cyprus averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Cyprus | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 595.82 million current LCU | 489.45 million current LCU | 106.37 million current LCU | Cyprus |
| 2000s | 1.28 billion current LCU | 1.21 billion current LCU | 71.36 million current LCU | Cyprus |
| 2010s | 2.05 billion current LCU | 2.17 billion current LCU | 114.03 million current LCU | Latvia |
| 2020s | 3.68 billion current LCU | 3.79 billion current LCU | 109.24 million current LCU | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social contributions, Cyprus or Latvia?
- Latvia, at 4.62 billion current LCU against 4.52 billion current LCU in Cyprus as of 2024.
- What is the difference in social contributions between Cyprus and Latvia?
- 96.67 million current LCU, with Latvia ahead.
- How many years of comparable data are there for Cyprus and Latvia?
- 31 years are reported by both, from 1994 to 2024.
- How do Cyprus and Latvia rank globally for social contributions?
- Cyprus ranks 84th and Latvia ranks 83rd of 112 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Social contributions (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.