Iceland vs Trinidad and Tobago: Social contributions
Iceland
9.5%
in 2023
Trinidad and Tobago
12.2%
in 2019
Iceland rank
65th
Trinidad and Tobago rank
62nd
Social contributions over time
- Iceland
- Trinidad and Tobago
How they compare
Trinidad and Tobago currently reports 12.2% against 9.5% in Iceland, a difference of 2.7%.
That makes Trinidad and Tobago's figure about 1.3 times Iceland's.
The two have swapped places 3 times across 24 shared years of data; in 1976 it was Iceland ahead.
Iceland ranks 65th and Trinidad and Tobago ranks 62nd of 112 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.9% | 1.9% | 2.0% | Iceland |
| 1980s | 3.5% | 1.5% | 2.0% | Iceland |
| 2000s | 8.4% | 4.7% | 3.7% | Iceland |
| 2010s | 10.1% | 8.0% | 2.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social contributions, Iceland or Trinidad and Tobago?
- Trinidad and Tobago, at 12.2% against 9.5% in Iceland as of 2019.
- What is the difference in social contributions between Iceland and Trinidad and Tobago?
- 2.7%, with Trinidad and Tobago ahead.
- How many years of comparable data are there for Iceland and Trinidad and Tobago?
- 24 years are reported by both, from 1976 to 2019.
- How do Iceland and Trinidad and Tobago rank globally for social contributions?
- Iceland ranks 65th and Trinidad and Tobago ranks 62nd 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.
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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.