Social contributions in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Social contributions was 16.1% in 2022. ▲ Rising
Social contributions in Latin America & Caribbean (excluding high income), 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for social contributions in Latin America & Caribbean (excluding high income) is 16.1%, measured in 2022. That is the highest value across all 15 years on record.
That represents a change of up 10.0% on the previous year and up 29.3% over ten years.
Over the whole period, social contributions in Latin America & Caribbean (excluding high income) peaked at 16.1% in 2022 and was at its lowest, 9.9%, in 2008.
Latin America & Caribbean (excluding high income) ranks 19th of 22 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Social contributions in Latin America & Caribbean (excluding high income), year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 9.9% | — |
| 2009 | 12.4% | +25.7% |
| 2010 | 12.1% | -3.2% |
| 2011 | 12.0% | -0.3% |
| 2012 | 12.4% | +3.4% |
| 2013 | 13.0% | +4.6% |
| 2014 | 12.6% | -3.2% |
| 2015 | 12.6% | +0.6% |
| 2016 | 14.2% | +12.5% |
| 2017 | 11.2% | -21.1% |
| 2018 | 14.0% | +24.9% |
| 2019 | 13.5% | -3.4% |
| 2020 | 15.6% | +15.0% |
| 2021 | 14.6% | -6.3% |
| 2022 | 16.1% | +10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.2% | 9.9% | 12.4% | 2 |
| 2010s | 12.8% | 11.2% | 14.2% | 10 |
| 2020s | 15.4% | 14.6% | 16.1% | 3 |
Countries ranked near Latin America & Caribbean (excluding high income)
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is social contributions in Latin America & Caribbean (excluding high income)?
- Social contributions in Latin America & Caribbean (excluding high income) was 16.1% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 16.1% in 2022.
- What is the lowest social contributions recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 9.9% in 2008.
- How does Latin America & Caribbean (excluding high income) rank for social contributions?
- Latin America & Caribbean (excluding high income) ranks 19th out of 22 groups with data for 2022.
- Is social contributions rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) 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.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.