Social contributions in South Africa
South Africa: Social contributions was 38.77 billion current LCU in 2024. ◆ Volatile
Social contributions in South Africa, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
South Africa recorded 38.77 billion current LCU for social contributions in 2024. That is the highest value across all 53 years on record.
That represents a change of up 5.2% on the previous year and up 60.3% over ten years.
Over the whole period, social contributions in South Africa peaked at 38.77 billion current LCU in 2024 and was at its lowest, 39.00 million current LCU, in 1972.
That places South Africa 51st 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 | 80.75 million current LCU | 39.00 million current LCU | 132.00 million current LCU | 8 |
| 1980s | 527.20 million current LCU | 160.00 million current LCU | 1.34 billion current LCU | 10 |
| 1990s | 2.68 billion current LCU | 1.34 billion current LCU | 4.27 billion current LCU | 10 |
| 2000s | 9.64 billion current LCU | 5.04 billion current LCU | 15.27 billion current LCU | 10 |
| 2010s | 23.99 billion current LCU | 16.27 billion current LCU | 32.52 billion current LCU | 10 |
| 2020s | 34.17 billion current LCU | 28.61 billion current LCU | 38.77 billion current LCU | 5 |
Countries ranked near South Africa
More public sector data for South Africa
- Arms imports 30.00 million SIPRI trend indicator values (2023)
- Tax revenue 25.9% (2024)
- Taxes on income, profits and capital gains 50.8% (2024)
- Taxes on goods and services 32.1% (2024)
- Net investment in nonfinancial assets 1.3% (2024)
- Net lending (+) / net borrowing (-) -4.8% (2024)
- Interest payments 18.2% (2024)
- Grants and other revenue 10.3% (2024)
- Interest payments 14.3% (2022)
- Other taxes 1.4% (2024)
Frequently asked questions
- What is social contributions in South Africa?
- Social contributions in South Africa was 38.77 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 South Africa?
- The highest recorded value was 38.77 billion current LCU in 2024.
- What is the lowest social contributions recorded in South Africa?
- The lowest recorded value was 39.00 million current LCU in 1972.
- How does South Africa rank for social contributions?
- South Africa ranks 51st out of 112 countries with data for 2024.
- Is social contributions rising or falling in South Africa?
- Over the last ten years it is up 60.3%. The long-run trend across the full record is volatile.
- Where does this South Africa 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 — 53 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.