Social contributions in Romania
Romania: Social contributions was 206.52 billion current LCU in 2024. ◆ Volatile
Social contributions in Romania, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Romania recorded 206.52 billion current LCU for social contributions in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 17.9% on the previous year and up 262.4% over ten years.
Over the whole period, social contributions in Romania peaked at 206.52 billion current LCU in 2024 and was at its lowest, 1.03 million current LCU, in 1972.
Romania ranks 31st of 112 countries on this measure, 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 | 1.99 million current LCU | 1.03 million current LCU | 3.00 million current LCU | 8 |
| 1980s | 4.56 million current LCU | 3.66 million current LCU | 5.39 million current LCU | 10 |
| 1990s | 1.38 billion current LCU | 6.76 million current LCU | 6.27 billion current LCU | 10 |
| 2000s | 29.49 billion current LCU | 9.25 billion current LCU | 51.98 billion current LCU | 10 |
| 2010s | 69.71 billion current LCU | 49.53 billion current LCU | 119.59 billion current LCU | 10 |
| 2020s | 158.39 billion current LCU | 126.38 billion current LCU | 206.52 billion current LCU | 5 |
Countries ranked near Romania
More public sector data for Romania
- Arms imports 278.00 million SIPRI trend indicator values (2024)
- Tax revenue 16.2% (2024)
- Taxes on income, profits and capital gains 17.7% (2024)
- Taxes on goods and services 32.7% (2024)
- Net investment in nonfinancial assets 3.0% (2024)
- Net lending (+) / net borrowing (-) -8.8% (2024)
- Interest payments 7.3% (2024)
- Grants and other revenue 13.1% (2024)
- Interest payments 3.9% (2022)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is social contributions in Romania?
- Social contributions in Romania was 206.52 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 Romania?
- The highest recorded value was 206.52 billion current LCU in 2024.
- What is the lowest social contributions recorded in Romania?
- The lowest recorded value was 1.03 million current LCU in 1972.
- How does Romania rank for social contributions?
- Romania ranks 31st out of 112 countries with data for 2024.
- Is social contributions rising or falling in Romania?
- Over the last ten years it is up 262.4%. The long-run trend across the full record is volatile.
- Where does this Romania 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.