Cyprus vs Latvia: Social contributions
Cyprus
31.8%
in 2024
Latvia
31.7%
in 2024
Cyprus rank
19th
Latvia rank
20th
Social contributions over time
- Cyprus
- Latvia
How they compare
Cyprus currently reports 31.8% against 31.7% in Latvia, a difference of 0.1%.
The two have swapped places 3 times across 31 shared years of data; in 1994 it was Latvia ahead.
Cyprus ranks 19th and Latvia ranks 20th of 112 countries.
Across the 4 decades both report, Cyprus averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Cyprus | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 23.4% | 35.8% | 12.3% | Latvia |
| 2000s | 23.6% | 32.5% | 8.9% | Latvia |
| 2010s | 26.7% | 29.6% | 2.9% | Latvia |
| 2020s | 31.8% | 31.7% | 0.1% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social contributions, Cyprus or Latvia?
- Cyprus, at 31.8% against 31.7% in Latvia as of 2024.
- What is the difference in social contributions between Cyprus and Latvia?
- 0.1%, with Cyprus 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 19th and Latvia ranks 20th 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.