The Social Security Rate in Hungary stands at 39.50 percent. Hungary Social Security Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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.

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 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.