United States | Social contributions (current LCU)

Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
United States of America
Records
63
Source
United States | Social contributions (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
50480000000 1972
60930000000 1973
72730000000 1974
81970000000 1975
87950000000 1976
103510000000 1977
117730000000 1978
135440000000 1979
154070000000 1980
179110000000 1981
196910000000 1982
204570000000 1983
234790000000 1984
260420000000 1985
279150000000 1986
298590000000 1987
329520000000 1988
354860000000 1989
383590000000 1990
400460000000 1991
418450000000 1992
433080000000 1993
466580000000 1994
489910000000 1995
515120000000 1996
545290000000 1997
577940000000 1998
617820000000 1999
659300000000 2000
723262000000 2001
739425000000 2002
763276000000 2003
808978900000 2004
853397000000 2005
905682000000 2006
947297000000 2007
974497100000 2008
950663000000 2009
970903000000 2010
903206000000 2011
937959000000 2012
1091780000000 2013
1140055000000 2014
1190781100000 2015
1224406000000 2016
1284313400000 2017
1346608700000 2018
1409292300000 2019
1434565000000 2020
1541138100000 2021
1684966500000 2022

United States | Social contributions (current LCU)

Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
United States of America
Records
63
Source