China's social contributions (current LCU) was 8.83 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 193.83% from 3 trillion in 2014 (11.38% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.83 trillion | 2024 |
| Five years earlier | 6 trillion | 2019 |
| Ten years earlier | 3 trillion | 2014 |
| Highest | 8.83 trillion | 2024 |
| Lowest | 3 trillion | 2014 |
| Average since 2015 | 5.95 trillion | 2015–2024 |
| First recorded | 3 trillion |
What the numbers say
In 2024, China's social contributions (current LCU) rose 5.8% on 2023 (from 8.34 trillion to 8.83 trillion).
Across the 9 yearly changes before that (2015 to 2023), the average change was +13.2% and a typical year strayed about 17.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 40.4% in 2021 and the biggest yearly fall was 17.9% 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 609.2 billion a year. A straight line explains 92% 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.
How it compares
In 2024, China had the 7th 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 China in the 2024 ranking
- Argentina — 3rd of 68: 29.54 trillion
- Paraguay — 4th of 68: 13.29 trillion
- Russian Federation — 5th of 68: 12.93 trillion
- Hungary — 7th of 68: 8.5 trillion
- Mongolia — 8th of 68: 5.28 trillion
- Costa Rica — 9th of 68: 4.93 trillion
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 11 values
| Year | Social contributions (current LCU) |
|---|---|
| 2024 | 8,826,348,000,000 |
| 2023 | 8,339,579,000,000 |
| 2022 | 7,498,231,000,000 |
| 2021 | 6,910,085,000,000 |
| 2020 | 4,922,465,000,000 |
| 2019 | 5,999,147,000,000 |
| 2018 | 5,754,500,000,000 |
| 2017 | 4,241,766,000,000 |
| 2016 | 3,647,922,000,000 |
| 2015 | 3,381,464,321,313 |
Social contributions (current LCU) in nearby economies
- Korea, Rep. — 202.27 trillion (2024)
- Macao SAR, China — 479.01 million (2024)
- Mongolia — 5.28 trillion (2024)
- New Zealand — 2.95 billion (2024)
- Samoa — 13.61 million (2023)
- Thailand — 190.33 billion (2024)
More public sector data for China
- Arms exports (SIPRI trend indicator values) — 880 million (2025)
- Arms imports (SIPRI trend indicator values) — 207 million (2025)
- Military expenditure (current USD) — 335.52 billion (2025)
- Military expenditure (current LCU) — 2.41 trillion (2025)
- Military expenditure (% of GDP) — 1.72% (2025)
- Military expenditure (% of general government expenditure) — 5.12% (2025)
- Armed forces personnel, total — 2.54 million (2020)
- Armed forces personnel (% of total labor force) — 0.33% (2020)
- Intentional homicides (per 100,000 people) — 0.5 (2020)
- Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100)
Reading data like this
Questions people ask
- What is China's social contributions (current LCU)?
- 8.83 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2014?
- It is up 193.83% from 3 trillion in 2014 (11.38% a year on average, compounded). The highest value was 8.83 trillion in 2024 and the lowest 3 trillion in 2014.
- How does China rank?
- 7th highest of 68 economies with data for 2024.
- Is the latest change in social contributions (current LCU) unusual for China?
- In 2024, China's social contributions (current LCU) rose 5.8% on 2023 (from 8.34 trillion to 8.83 trillion). Across the 9 yearly changes before that (2015 to 2023), the average change was +13.2% and a typical year strayed about 17.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
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.
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