Social contributions in Portugal
Portugal: Social contributions was 35.12 billion current LCU in 2024. ◆ Volatile
Social contributions in Portugal, 1973–2024
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 Portugal is 35.12 billion current LCU, measured in 2024. That is the highest value across all 52 years on record.
That represents a change of up 9.5% on the previous year and up 77.1% over ten years.
Over the whole period, social contributions in Portugal peaked at 35.12 billion current LCU in 2024 and was at its lowest, 83.30 million current LCU, in 1973.
That places Portugal 53rd out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 198.52 million current LCU | 83.30 million current LCU | 345.67 million current LCU | 7 |
| 1980s | 1.54 billion current LCU | 483.83 million current LCU | 3.28 billion current LCU | 10 |
| 1990s | 7.74 billion current LCU | 4.05 billion current LCU | 11.94 billion current LCU | 10 |
| 2000s | 17.25 billion current LCU | 13.28 billion current LCU | 20.42 billion current LCU | 10 |
| 2010s | 21.03 billion current LCU | 18.50 billion current LCU | 24.71 billion current LCU | 10 |
| 2020s | 29.55 billion current LCU | 24.93 billion current LCU | 35.12 billion current LCU | 5 |
Countries ranked near Portugal
More public sector data for Portugal
- Arms imports 61.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.3% (2024)
- Taxes on income, profits and capital gains 24.5% (2024)
- Taxes on goods and services 31.1% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) 0.4% (2024)
- Interest payments 5.4% (2024)
- Grants and other revenue 10.6% (2024)
- Interest payments 5.7% (2023)
- Other taxes 2.4% (2024)
Frequently asked questions
- What is social contributions in Portugal?
- Social contributions in Portugal was 35.12 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 Portugal?
- The highest recorded value was 35.12 billion current LCU in 2024.
- What is the lowest social contributions recorded in Portugal?
- The lowest recorded value was 83.30 million current LCU in 1973.
- How does Portugal rank for social contributions?
- Portugal ranks 53rd out of 112 countries with data for 2024.
- Is social contributions rising or falling in Portugal?
- Over the last ten years it is up 77.1%. The long-run trend across the full record is volatile.
- Where does this Portugal 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 — 52 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.