The Social Security Rate in Norway stands at 22.30 percent.

Social Security Rate in Norway averaged 20.93 percent from 1981 until 2020, reaching an all time high of 24.50 percent in 1990 and a record low of 4.40 percent in 1981. This page provides - Norway Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Social Security Rate - values, historical data and charts - was last updated on May of 2020.

Social Security Rate in Norway is expected to reach 22.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Social Security Rate is projected to trend around 22.30 percent in 2021, according to our econometric models.

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Norway Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
22.30 22.30 24.50 4.40 1981 - 2020 percent Yearly

Norway Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 22.00 22.00 50.80 22.00 percent [+]
Personal Income Tax Rate 38.20 38.20 55.30 38.20 percent [+]
Sales Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Social Security Rate 22.30 22.30 24.50 4.40 percent [+]
Social Security Rate For Companies 14.10 14.10 16.70 12.80 percent [+]
Social Security Rate For Employees 8.20 8.20 8.20 4.40 percent [+]


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