Social contributions in China
China: Social contributions was 8.83 trillion current LCU in 2024. ▲ Rising
Social contributions in China, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
China recorded 8.83 trillion current LCU for social contributions in 2024. That is the highest value across all 11 years on record.
That represents a change of up 5.8% on the previous year and up 193.8% over ten years.
Over the whole period, social contributions in China peaked at 8.83 trillion current LCU in 2024 and was at its lowest, 3.00 trillion current LCU, in 2014.
That places China 9th out of 112 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.34 trillion current LCU | 3.00 trillion current LCU | 6.00 trillion current LCU | 6 |
| 2020s | 7.30 trillion current LCU | 4.92 trillion current LCU | 8.83 trillion current LCU | 5 |
Countries ranked near China
More public sector data for China
- Arms imports 72.00 million SIPRI trend indicator values (2024)
- Tax revenue 7.0% (2024)
- Taxes on income, profits and capital gains 17.5% (2024)
- Taxes on goods and services 28.3% (2024)
- Interest payments 3.4% (2021)
- Grants and other revenue 9.2% (2024)
- Other taxes 0.0% (2024)
- Taxes on international trade 1.2% (2024)
- Military expenditure 1.7% (2024)
- Military expenditure 313.66 billion current USD (2024)
Frequently asked questions
- What is social contributions in China?
- Social contributions in China was 8.83 trillion 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 China?
- The highest recorded value was 8.83 trillion current LCU in 2024.
- What is the lowest social contributions recorded in China?
- The lowest recorded value was 3.00 trillion current LCU in 2014.
- How does China rank for social contributions?
- China ranks 9th out of 112 countries with data for 2024.
- Is social contributions rising or falling in China?
- Over the last ten years it is up 193.8%. The long-run trend across the full record is rising.
- Where does this China 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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CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.