The Social Security Rate in Hungary stands at 39.50 percent.

Social Security Rate in Hungary averaged 41.50 percent from 1990 until 2019, reaching an all time high of 53 percent in 1990 and a record low of 36 percent in 2011. This page provides - Hungary Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Social Security Rate - values, historical data and charts - was last updated on July of 2020.

Social Security Rate in Hungary is expected to reach 39.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Social Security Rate is projected to trend around 39.50 percent in 2021, according to our econometric models.

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Hungary Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
39.50 39.50 53.00 36.00 1990 - 2019 percent Yearly

Hungary Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 9.00 9.00 50.00 9.00 percent [+]
Personal Income Tax Rate 15.00 15.00 44.00 15.00 percent [+]
Sales Tax Rate 27.00 27.00 27.00 20.00 percent [+]
Social Security Rate 39.50 39.50 53.00 36.00 percent [+]
Social Security Rate For Companies 21.00 21.00 43.00 21.00 percent [+]
Social Security Rate For Employees 18.50 18.50 18.50 7.50 percent [+]


Hungary Social Security Rate
In Hungary, 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 Hungary because they help to pay for many social programs including welfare, health care and many other benefits.