The Social Security Rate in Colombia stands at 30.50 percent. Social Security Rate in Colombia averaged 45.18 percent from 2004 until 2018, reaching an all time high of 48.20 percent in 2009 and a record low of 30.50 percent in 2017.

Social Security Rate in Colombia is expected to be 30.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Social Security Rate is projected to trend around 30.50 percent in 2020, according to our econometric models.

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Colombia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
30.50 30.50 48.20 30.50 2004 - 2018 percent Yearly

Colombia Social Security Rate
In Colombia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Colombia because they help to pay for many social programs including welfare, health care and many other benefits.

Colombia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 34.00 34.00 35.00 25.00 percent [+]
Personal Income Tax Rate 33.00 33.00 38.50 33.00 percent [+]
Sales Tax Rate 19.00 19.00 19.00 16.00 percent [+]
Social Security Rate 30.50 30.50 48.20 30.50 percent [+]
Social Security Rate For Companies 20.50 21.00 40.20 20.50 percent [+]
Social Security Rate For Employees 10.00 10.00 10.00 7.38 percent [+]