Austria's social contributions (current LCU) was 76.98 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 57.6% from 48.84 billion in 2014 (4.65% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 76.98 billion | 2024 |
| Five years earlier | 59.55 billion | 2019 |
| Ten years earlier | 48.84 billion | 2014 |
| Highest | 76.98 billion | 2024 |
| Lowest | 3.09 billion | 1972 |
| Average since 2015 | 61.09 billion | 2015–2024 |
| First recorded | 3.09 billion |
What the numbers say
In 2024, Austria's social contributions (current LCU) rose 7.9% on 2023 (from 71.34 billion to 76.98 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4.2% and a typical year strayed about 2.8% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 18.5% in 1978 and the biggest yearly fall was 0.1% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 2.72 billion a year. A straight line explains 95% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 80.05 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 5.46 billion, against 8.77 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Austria had the 37th highest value of the 68 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Austria in the 2024 ranking
- Israel — 33rd of 68: 106.28 billion
- North Macedonia — 34th of 68: 101.35 billion
- Belgium — 35th of 68: 83.81 billion
- Kyrgyz Republic — 37th of 68: 73.78 billion
- Switzerland — 38th of 68: 55.27 billion
- Dominican Republic — 39th of 68: 52.8 billion
What this measures
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.
Limitations: 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).
All 53 values
| Year | Social contributions (current LCU) |
|---|---|
| 2024 | 76,975,670,000 |
| 2023 | 71,337,230,000 |
| 2022 | 66,412,680,000 |
| 2021 | 62,805,010,000 |
| 2020 | 59,524,180,000 |
| 2019 | 59,554,810,000 |
| 2018 | 57,145,300,000 |
| 2017 | 54,391,300,000 |
| 2016 | 52,314,620,000 |
| 2015 | 50,460,450,000 |
Social contributions (current LCU) in nearby economies
- Albania — 158.91 billion (2024)
- Armenia — 8.7 billion (2015)
- Azerbaijan — 8.1 billion (2024)
- Belarus — 28.34 billion (2024)
- Belgium — 83.81 billion (2024)
- Bosnia and Herzegovina — 8.17 billion (2024)
- Bulgaria — 9.28 billion (2024)
- Croatia — 8.37 billion (2023)
- Cyprus — 4.52 billion (2024)
- Czechia — 1.27 trillion (2024)
- Denmark
More public sector data for Austria
- Military expenditure (current USD) — 6.35 billion (2025)
- Military expenditure (current LCU) — 5.63 billion (2025)
- Military expenditure (% of GDP) — 1.1% (2025)
- Arms imports (SIPRI trend indicator values) — 29 million (2025)
- Net investment in nonfinancial assets (current LCU) — 11.48 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 2.32% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — -17.68 billion (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — -3.58% (2024)
- Grants and other revenue (current LCU) — 20.7 billion (2024)
- Grants and other revenue (% of revenue)
Reading data like this
Questions people ask
- What is Austria's social contributions (current LCU)?
- 76.98 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 2,393% from 3.09 billion in 1972 (6.38% a year on average, compounded). The highest value was 76.98 billion in 2024 and the lowest 3.09 billion in 1972.
- How does Austria rank?
Source
World Bank, World Development Indicators, indicator GC.REV.SOCL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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