The Social Security Rate in Saudi Arabia stands at 22 percent. Saudi Arabia 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 Saudi Arabia averaged 20.67 percent from 2006 until 2020, reaching an all time high of 22 percent in 2016 and a record low of 20 percent in 2007. This page provides - Saudi Arabia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Department of Zakat and Income Tax

Social Security Rate in Saudi Arabia is expected to reach 22.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Social Security Rate is projected to trend around 22.00 percent in 2021, according to our econometric models.

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Saudi Arabia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
22.00 22.00 22.00 20.00 2006 - 2020 percent Yearly

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