Social contributions in Denmark
Denmark: Social contributions was 19.52 billion current LCU in 2024. ◆ Volatile
Social contributions in Denmark, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Denmark recorded 19.52 billion current LCU for social contributions in 2024.
That represents a change of up 1.1% on the previous year and up 1.2% over ten years.
Over the whole period, social contributions in Denmark peaked at 27.94 billion current LCU in 2000 and was at its lowest, 987.00 million current LCU, in 1973.
That places Denmark 64th 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 | 1.65 billion current LCU | 987.00 million current LCU | 2.72 billion current LCU | 8 |
| 1980s | 8.79 billion current LCU | 3.02 billion current LCU | 13.33 billion current LCU | 10 |
| 1990s | 14.98 billion current LCU | 11.95 billion current LCU | 24.46 billion current LCU | 10 |
| 2000s | 22.81 billion current LCU | 21.15 billion current LCU | 27.94 billion current LCU | 10 |
| 2010s | 20.08 billion current LCU | 18.85 billion current LCU | 23.05 billion current LCU | 10 |
| 2020s | 19.57 billion current LCU | 19.31 billion current LCU | 20.12 billion current LCU | 5 |
Countries ranked near Denmark
More public sector data for Denmark
- Arms imports 427.00 million SIPRI trend indicator values (2024)
- Tax revenue 33.4% (2024)
- Taxes on income, profits and capital gains 51.4% (2024)
- Taxes on goods and services 31.4% (2024)
- Net investment in nonfinancial assets 1.7% (2024)
- Net lending (+) / net borrowing (-) 4.2% (2024)
- Interest payments 1.4% (2024)
- Grants and other revenue 15.9% (1994)
- Interest payments 1.4% (2023)
- Other taxes 4.2% (2024)
Frequently asked questions
- What is social contributions in Denmark?
- Social contributions in Denmark was 19.52 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 Denmark?
- The highest recorded value was 27.94 billion current LCU in 2000.
- What is the lowest social contributions recorded in Denmark?
- The lowest recorded value was 987.00 million current LCU in 1973.
- How does Denmark rank for social contributions?
- Denmark ranks 64th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Denmark?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is volatile.
- Where does this Denmark 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.