The Social Security Rate For Companies in Jamaica stands at 12 percent. Jamaica Social Security Rate For Companies - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate For Companies in Jamaica averaged 11.67 percent from 2004 until 2018, reaching an all time high of 12 percent in 2014 and a record low of 11.50 percent in 2005. This page provides - Jamaica Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate For Companies in Jamaica is expected to reach 12.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Social Security Rate For Companies is projected to trend around 12.00 percent in 2021, according to our econometric models.


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Jamaica Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 12.00 11.50 2004 - 2020 percent Yearly


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