Social contributions in Australia
Australia: Social contributions was 905.00 million current LCU in 1998. ▲ Rising
Social contributions in Australia, 1990–1998
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in Australia is 905.00 million current LCU, measured in 1998.
Compared with earlier readings it is down 14.2% on the previous year and up 54.7% over ten years.
Over the whole period, social contributions in Australia peaked at 1.05 billion current LCU in 1997 and was at its lowest, 561.00 million current LCU, in 1991.
That places Australia 92nd out of 112 countries with data for 1998, putting it in the bottom quarter.
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.6% (2022)
- Taxes on income, profits and capital gains 67.9% (2022)
- Taxes on goods and services 17.8% (2022)
- Net investment in nonfinancial assets 0.8% (2022)
- Net lending (+) / net borrowing (-) -1.3% (2022)
- Interest payments 3.1% (2022)
- Grants and other revenue 11.5% (2022)
- Interest payments 3.0% (2022)
- Other taxes 0.2% (2022)
Frequently asked questions
- What is social contributions in Australia?
- Social contributions in Australia was 905.00 million current LCU in 1998, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Australia?
- The highest recorded value was 1.05 billion current LCU in 1997.
- What is the lowest social contributions recorded in Australia?
- The lowest recorded value was 561.00 million current LCU in 1991.
- How does Australia rank for social contributions?
- Australia ranks 92nd out of 112 countries with data for 1998.
- Is social contributions rising or falling in Australia?
- Over the last ten years it is up 54.7%. The long-run trend across the full record is rising.
- Where does this Australia 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.