Social contributions in Austria
Austria: Social contributions was 76.98 billion current LCU in 2024. ◆ Volatile
Social contributions in Austria, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in Austria is 76.98 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 57.6% over ten years.
Over the whole period, social contributions in Austria peaked at 76.98 billion current LCU in 2024 and was at its lowest, 3.09 billion current LCU, in 1972.
That places Austria 46th out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.31 billion current LCU | 3.09 billion current LCU | 7.89 billion current LCU | 8 |
| 1980s | 12.10 billion current LCU | 8.74 billion current LCU | 15.61 billion current LCU | 10 |
| 1990s | 24.22 billion current LCU | 16.69 billion current LCU | 30.59 billion current LCU | 10 |
| 2000s | 35.93 billion current LCU | 31.41 billion current LCU | 41.19 billion current LCU | 10 |
| 2010s | 50.14 billion current LCU | 42.00 billion current LCU | 59.55 billion current LCU | 10 |
| 2020s | 67.41 billion current LCU | 59.52 billion current LCU | 76.98 billion current LCU | 5 |
Countries ranked near Austria
- 43 Israel 106.28 billion current LCU compare
- 44 North Macedonia 101.34 billion current LCU compare
- 45 Belgium 83.81 billion current LCU compare
- 47 Kyrgyzstan 73.78 billion current LCU compare
- 48 Cameroon 55.36 billion current LCU compare
- 49 Switzerland 55.27 billion current LCU compare
More public sector data for Austria
- Arms imports 13.00 million SIPRI trend indicator values (2024)
- Tax revenue 25.8% (2024)
- Taxes on income, profits and capital gains 28.2% (2024)
- Taxes on goods and services 25.0% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) -3.6% (2024)
- Interest payments 3.1% (2024)
- Grants and other revenue 9.2% (2024)
- Interest payments 2.5% (2023)
- Other taxes 3.4% (2024)
Frequently asked questions
- What is social contributions in Austria?
- Social contributions in Austria was 76.98 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Austria?
- The highest recorded value was 76.98 billion current LCU in 2024.
- What is the lowest social contributions recorded in Austria?
- The lowest recorded value was 3.09 billion current LCU in 1972.
- How does Austria rank for social contributions?
- Austria ranks 46th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Austria?
- Over the last ten years it is up 57.6%. The long-run trend across the full record is volatile.
- Where does this Austria data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.