The Social Security Rate in Latvia stands at 35.09 percent.

Social Security Rate in Latvia averaged 33.97 percent from 2004 until 2020, reaching an all time high of 35.09 percent in 2012 and a record low of 33.09 percent in 2005. This page provides - Latvia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in Latvia is expected to reach 35.09 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Social Security Rate is projected to trend around 35.09 percent in 2021, according to our econometric models.

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Latvia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
35.09 35.09 35.09 33.09 2004 - 2020 percent Yearly

Latvia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 29.00 15.00 percent [+]
Personal Income Tax Rate 31.40 31.40 31.40 23.00 percent [+]
Sales Tax Rate 21.00 21.00 22.00 18.00 percent [+]
Social Security Rate 35.09 35.09 35.09 33.09 percent [+]
Social Security Rate For Companies 24.09 24.09 24.09 23.59 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 9.00 percent [+]

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