Cyprus vs Latin America & Caribbean (excluding high income): Social contributions
Social contributions over time
- Cyprus
- Latin America & Caribbean (excluding high income)
How they compare
Cyprus currently reports 31.8% against 16.1% in Latin America & Caribbean (excluding high income), a difference of 15.7%.
That makes Cyprus's figure about 2.0 times Latin America & Caribbean (excluding high income)'s.
Across all 15 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 19th and Latin America & Caribbean (excluding high income) ranks 19th of 112 countries.
Cyprus has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Cyprus | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.1% | 11.2% | 12.9% | Cyprus |
| 2010s | 26.7% | 12.8% | 13.9% | Cyprus |
| 2020s | 31.4% | 15.4% | 16.0% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social contributions, Cyprus or Latin America & Caribbean (excluding high income)?
- Cyprus, at 31.8% against 16.1% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in social contributions between Cyprus and Latin America & Caribbean (excluding high income)?
- 15.7%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Latin America & Caribbean (excluding high income)?
- 15 years are reported by both, from 2008 to 2022.
- How do Cyprus and Latin America & Caribbean (excluding high income) rank globally for social contributions?
- Cyprus ranks 19th and Latin America & Caribbean (excluding high income) ranks 19th of 112 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Social contributions (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.