Social contributions in North Macedonia
North Macedonia: Social contributions was 101.34 billion current LCU in 2024. ▲ Rising
Social contributions in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
North Macedonia recorded 101.34 billion current LCU for social contributions in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 13.4% on the previous year and up 153.0% over ten years.
Over the whole period, social contributions in North Macedonia peaked at 101.34 billion current LCU in 2024 and was at its lowest, 30.31 billion current LCU, in 2005.
That places North Macedonia 44th out of 112 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.82 billion current LCU | 30.31 billion current LCU | 38.84 billion current LCU | 5 |
| 2010s | 44.29 billion current LCU | 38.47 billion current LCU | 61.08 billion current LCU | 10 |
| 2020s | 80.45 billion current LCU | 66.14 billion current LCU | 101.34 billion current LCU | 5 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Tax revenue 18.8% (2024)
- Taxes on income, profits and capital gains 17.3% (2024)
- Taxes on goods and services 38.3% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -4.3% (2024)
- Interest payments 5.9% (2024)
- Grants and other revenue 6.2% (2024)
- Interest payments 4.3% (2023)
- Other taxes 0.2% (2024)
Frequently asked questions
- What is social contributions in North Macedonia?
- Social contributions in North Macedonia was 101.34 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 North Macedonia?
- The highest recorded value was 101.34 billion current LCU in 2024.
- What is the lowest social contributions recorded in North Macedonia?
- The lowest recorded value was 30.31 billion current LCU in 2005.
- How does North Macedonia rank for social contributions?
- North Macedonia ranks 44th out of 112 countries with data for 2024.
- Is social contributions rising or falling in North Macedonia?
- Over the last ten years it is up 153.0%. The long-run trend across the full record is rising.
- Where does this North Macedonia 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 — 20 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.