Social contributions in Canada
Canada: Social contributions was 145.40 billion current LCU in 2024. ▲ Rising
Social contributions in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Canada recorded 145.40 billion current LCU for social contributions in 2024. That is the highest value across all 35 years on record.
That represents a change of up 7.7% on the previous year and up 82.6% over ten years.
Over the whole period, social contributions in Canada peaked at 145.40 billion current LCU in 2024 and was at its lowest, 23.14 billion current LCU, in 1990.
That places Canada 38th 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 35 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.26 billion current LCU | 23.14 billion current LCU | 39.66 billion current LCU | 10 |
| 2000s | 55.32 billion current LCU | 43.67 billion current LCU | 64.67 billion current LCU | 10 |
| 2010s | 79.47 billion current LCU | 64.97 billion current LCU | 93.61 billion current LCU | 10 |
| 2020s | 119.48 billion current LCU | 93.64 billion current LCU | 145.40 billion current LCU | 5 |
Countries ranked near Canada
More public sector data for Canada
- Arms imports 149.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.7% (2024)
- Taxes on income, profits and capital gains 53.9% (2024)
- Taxes on goods and services 13.8% (2024)
- Net investment in nonfinancial assets 0.6% (2024)
- Net lending (+) / net borrowing (-) -1.2% (2024)
- Interest payments 8.4% (2024)
- Grants and other revenue 7.9% (2024)
- Interest payments 7.6% (2023)
- Compensation of employees 10.2% (2023)
Frequently asked questions
- What is social contributions in Canada?
- Social contributions in Canada was 145.40 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 Canada?
- The highest recorded value was 145.40 billion current LCU in 2024.
- What is the lowest social contributions recorded in Canada?
- The lowest recorded value was 23.14 billion current LCU in 1990.
- How does Canada rank for social contributions?
- Canada ranks 38th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Canada?
- Over the last ten years it is up 82.6%. The long-run trend across the full record is rising.
- Where does this Canada 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 — 35 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.