Social contributions in Caribbean Small States
Caribbean Small States: Social contributions was 12.2% in 2019. ◆ Volatile
Social contributions in Caribbean Small States, 1976–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Caribbean Small States recorded 12.2% for social contributions in 2019. That is the highest value across all 24 years on record.
The figure is up 23.5% on the previous year and up 94.8% over ten years.
Over the whole period, social contributions in Caribbean Small States peaked at 12.2% in 2019 and was at its lowest, 1.0%, in 1980.
Caribbean Small States ranks 20th of 22 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions in Caribbean Small States, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1976 | 2.2% | — |
| 1977 | 2.0% | -11.8% |
| 1978 | 2.0% | +3.2% |
| 1979 | 1.6% | -22.5% |
| 1980 | 1.0% | -37.8% |
| 1981 | 2.0% | +108.4% |
| 2001 | 5.3% | +160.9% |
| 2002 | 5.7% | +7.6% |
| 2003 | 5.0% | -12.7% |
| 2004 | 4.7% | -6.2% |
| 2005 | 4.0% | -13.4% |
| 2006 | 3.6% | -11.7% |
| 2007 | 4.0% | +12.2% |
| 2008 | 3.7% | -6.5% |
| 2009 | 6.3% | +67.6% |
| 2010 | 5.8% | -7.4% |
| 2012 | 5.7% | -1.7% |
| 2013 | 6.1% | +7.2% |
| 2014 | 6.2% | +0.5% |
| 2015 | 7.0% | +13.8% |
| 2016 | 9.6% | +37.7% |
| 2017 | 9.4% | -2.1% |
| 2018 | 9.9% | +4.9% |
| 2019 | 12.2% | +23.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.9% | 1.6% | 2.2% | 4 |
| 1980s | 1.5% | 1.0% | 2.0% | 2 |
| 2000s | 4.7% | 3.6% | 6.3% | 9 |
| 2010s | 8.0% | 5.7% | 12.2% | 9 |
Countries ranked near Caribbean Small States
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on income, profits and capital gains 26.1% (2019)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 2.4% (2017)
- Net lending (+) / net borrowing (-) -5.5% (2017)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
- Compensation of employees 32.1% (2019)
Frequently asked questions
- What is social contributions in Caribbean Small States?
- Social contributions in Caribbean Small States was 12.2% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Caribbean Small States?
- The highest recorded value was 12.2% in 2019.
- What is the lowest social contributions recorded in Caribbean Small States?
- The lowest recorded value was 1.0% in 1980.
- How does Caribbean Small States rank for social contributions?
- Caribbean Small States ranks 20th out of 22 groups with data for 2019.
- Is social contributions rising or falling in Caribbean Small States?
- Over the last ten years it is up 94.8%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.