Portugal's social contributions (current LCU) was 35.12 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 77.12% from 19.83 billion in 2014 (5.88% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 35.12 billion | 2024 |
| Five years earlier | 24.71 billion | 2019 |
| Ten years earlier | 19.83 billion | 2014 |
| Highest | 35.12 billion | 2024 |
| Lowest | 83.3 million | 1973 |
| Average since 2015 | 25.89 billion | 2015–2024 |
| First recorded | 83.3 million |
What the numbers say
In 2024, Portugal's social contributions (current LCU) rose 9.5% on 2023 (from 32.07 billion to 35.12 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.1% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 51.2% in 1986 and the biggest yearly fall was 9.8% in 2012. 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 1.56 billion a year. A straight line explains 94% 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, Portugal had the 42nd 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 Portugal in the 2024 ranking
- Switzerland — 38th of 68: 55.27 billion
- Dominican Republic — 39th of 68: 52.8 billion
- South Africa — 40th of 68: 38.77 billion
- Moldova — 42nd of 68: 33.56 billion
- Finland — 43rd of 68: 32.67 billion
- Greece — 44th of 68: 31.52 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 52 values
| Year | Social contributions (current LCU) |
|---|---|
| 2024 | 35,115,681,000 |
| 2023 | 32,069,118,000 |
| 2022 | 28,976,836,000 |
| 2021 | 26,657,623,000 |
| 2020 | 24,933,807,000 |
| 2019 | 24,709,849,000 |
| 2018 | 23,228,753,000 |
| 2017 | 22,065,311,000 |
| 2016 | 20,991,692,000 |
| 2015 | 20,174,149,000 |
Social contributions (current LCU) in nearby economies
- Albania — 158.91 billion (2024)
- Armenia — 8.7 billion (2015)
- Austria — 76.98 billion (2024)
- 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
More public sector data for Portugal
- Military expenditure (current USD) — 5.86 billion (2025)
- Military expenditure (current LCU) — 5.2 billion (2025)
- Military expenditure (% of GDP) — 1.71% (2025)
- Arms imports (SIPRI trend indicator values) — 90 million (2025)
- Taxes on goods and services (current LCU) — 34.75 billion (2024)
- Other taxes (current LCU) — 2.64 billion (2024)
- Tax revenue (current LCU) — 64.76 billion (2024)
- Tax revenue (% of GDP) — 22.35% (2024)
- Taxes on income, profits and capital gains (current LCU) — 27.37 billion (2024)
- Taxes on income, profits and capital gains (% of total taxes)
Reading data like this
Questions people ask
- What is Portugal's social contributions (current LCU)?
- 35.12 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1973?
- It is up 42,056% from 83.3 million in 1973 (12.58% a year on average, compounded). The highest value was 35.12 billion in 2024 and the lowest 83.3 million in 1973.
- How does Portugal rank?
- 42nd highest of 68 economies with data for 2024.
- Is the latest change in social contributions (current LCU) unusual for Portugal?
- In 2024, Portugal's social contributions (current LCU) rose 9.5% on 2023 (from 32.07 billion to 35.12 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.1% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.5 standard deviations above 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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