Social contributions in Sweden
Sweden: Social contributions was 194.22 billion current LCU in 2024. ▲ Rising
Social contributions in Sweden, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, social contributions in Sweden stood at 194.22 billion current LCU.
That represents a change of up 4.8% on the previous year and up 59.7% over ten years.
Over the whole period, social contributions in Sweden peaked at 227.79 billion current LCU in 1992 and was at its lowest, 14.27 billion current LCU, in 1972.
Sweden ranks 32nd of 112 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.96 billion current LCU | 14.27 billion current LCU | 54.19 billion current LCU | 8 |
| 1980s | 105.38 billion current LCU | 61.65 billion current LCU | 162.11 billion current LCU | 10 |
| 1990s | 153.28 billion current LCU | 98.38 billion current LCU | 227.79 billion current LCU | 10 |
| 2000s | 102.27 billion current LCU | 91.27 billion current LCU | 119.53 billion current LCU | 10 |
| 2010s | 128.11 billion current LCU | 104.73 billion current LCU | 156.02 billion current LCU | 10 |
| 2020s | 176.19 billion current LCU | 157.51 billion current LCU | 194.22 billion current LCU | 5 |
Countries ranked near Sweden
More public sector data for Sweden
- Arms imports 66.00 million SIPRI trend indicator values (2024)
- Tax revenue 27.2% (2024)
- Taxes on income, profits and capital gains 18.2% (2024)
- Taxes on goods and services 34.7% (2024)
- Net investment in nonfinancial assets 2.9% (2024)
- Net lending (+) / net borrowing (-) -0.7% (2024)
- Interest payments 1.1% (2024)
- Grants and other revenue 7.3% (2024)
- Interest payments 1.4% (2022)
- Other taxes 29.7% (2024)
Frequently asked questions
- What is social contributions in Sweden?
- Social contributions in Sweden was 194.22 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 Sweden?
- The highest recorded value was 227.79 billion current LCU in 1992.
- What is the lowest social contributions recorded in Sweden?
- The lowest recorded value was 14.27 billion current LCU in 1972.
- How does Sweden rank for social contributions?
- Sweden ranks 32nd out of 112 countries with data for 2024.
- Is social contributions rising or falling in Sweden?
- Over the last ten years it is up 59.7%. The long-run trend across the full record is rising.
- Where does this Sweden 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.