Latin America & Caribbean vs Latvia: Social contributions
Latin America & Caribbean
17.6%
in 2022
Latvia
31.7%
in 2024
Latin America & Caribbean rank
17th
Latvia rank
20th
Social contributions over time
- Latin America & Caribbean
- Latvia
How they compare
Latvia currently reports 31.7% against 17.6% in Latin America & Caribbean, a difference of 14.1%.
That makes Latvia's figure about 1.8 times Latin America & Caribbean's.
Across all 19 years both countries report, Latvia has been ahead every year.
Latin America & Caribbean ranks 17th and Latvia ranks 20th of 22 groups.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 10.1% | 31.1% | 21.0% | Latvia |
| 2010s | 12.3% | 29.6% | 17.3% | Latvia |
| 2020s | 17.1% | 31.9% | 14.8% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher social contributions, Latin America & Caribbean or Latvia?
- Latvia, at 31.7% against 17.6% in Latin America & Caribbean as of 2024.
- What is the difference in social contributions between Latin America & Caribbean and Latvia?
- 14.1%, with Latvia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Latvia?
- 19 years are reported by both, from 2003 to 2022.
- How do Latin America & Caribbean and Latvia rank globally for social contributions?
- Latin America & Caribbean ranks 17th and Latvia ranks 20th of 22 groups.
- 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.