In 2019, social contributions in Italy amounted to 13.26 percent of the country's GDP. Social contributions are compulsory payments from both employees and employers paid to the government for future social benefits. Social benefits include unemployment benefits, accident, injury, and sickness benefits, old-age, disability and survivors' pensions, family allowances, and healthcare expenses. Contributions for social security in Italy are high and above the average of the OECD countries. In Italy, the total social expenditure amounts to 28.2 percent of the country's GDP, some of the highest among the OECD countries.
Social security contributions as a share of GDP in Italy from 2010 to 2019
The source adds the following information: "Social security contributions are compulsory payments paid to general government that confer entitlement to receive a (contingent) future social benefit. They include: unemployment insurance benefits and supplements, accident, injury and sickness benefits, old-age, disability and survivors' pensions, family allowances, reimbursements for medical and hospital expenses or provision of hospital or medical services. Contributions may be levied on both employees and employers."
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OECD. (March 2, 2021). Social security contributions as a share of GDP in Italy from 2010 to 2019 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1218691/social-security-contributions-in-italy/
OECD. "Social security contributions as a share of GDP in Italy from 2010 to 2019." Chart. March 2, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1218691/social-security-contributions-in-italy/
OECD. (2021). Social security contributions as a share of GDP in Italy from 2010 to 2019. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1218691/social-security-contributions-in-italy/
OECD. "Social Security Contributions as a Share of Gdp in Italy from 2010 to 2019." Statista, Statista Inc., 2 Mar 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1218691/social-security-contributions-in-italy/
OECD, Social security contributions as a share of GDP in Italy from 2010 to 2019 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1218691/social-security-contributions-in-italy/ (last visited November 10, 2024)
Social security contributions as a share of GDP in Italy from 2010 to 2019 [Graph], OECD, March 2, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1218691/social-security-contributions-in-italy/