Social contributions in Italy
Italy: Social contributions was 278.44 billion current LCU in 2024. ◆ Volatile
Social contributions in Italy, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Italy recorded 278.44 billion current LCU for social contributions in 2024. That is the highest value across all 52 years on record.
The figure is up 4.3% on the previous year and up 30.6% over ten years.
Over the whole period, social contributions in Italy peaked at 278.44 billion current LCU in 2024 and was at its lowest, 4.90 billion current LCU, in 1973.
That places Italy 29th 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 | 10.14 billion current LCU | 4.90 billion current LCU | 17.32 billion current LCU | 7 |
| 1980s | 47.54 billion current LCU | 21.67 billion current LCU | 73.17 billion current LCU | 10 |
| 1990s | 116.98 billion current LCU | 75.61 billion current LCU | 156.44 billion current LCU | 10 |
| 2000s | 179.13 billion current LCU | 144.91 billion current LCU | 211.90 billion current LCU | 10 |
| 2010s | 220.55 billion current LCU | 212.49 billion current LCU | 240.73 billion current LCU | 10 |
| 2020s | 255.93 billion current LCU | 229.06 billion current LCU | 278.44 billion current LCU | 5 |
Countries ranked near Italy
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Tax revenue 25.6% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 23.7% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -3.4% (2024)
- Interest payments 9.4% (2024)
- Grants and other revenue 6.5% (2024)
- Interest payments 7.6% (2023)
- Other taxes 4.2% (2024)
Frequently asked questions
- What is social contributions in Italy?
- Social contributions in Italy was 278.44 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 Italy?
- The highest recorded value was 278.44 billion current LCU in 2024.
- What is the lowest social contributions recorded in Italy?
- The lowest recorded value was 4.90 billion current LCU in 1973.
- How does Italy rank for social contributions?
- Italy ranks 29th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Italy?
- Over the last ten years it is up 30.6%. The long-run trend across the full record is volatile.
- Where does this Italy 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.