The Social Security Rate in Armenia stands at 5 percent. source: Ministry of Labor and Social Affairs

Social Security Rate in Armenia averaged 13.71 percent from 2011 until 2022, reaching an all time high of 23.00 percent in 2012 and a record low of 5.00 percent in 2018. This page provides - Armenia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Social Security Rate - values, historical data and charts - was last updated on June of 2023.

Social Security Rate in Armenia is expected to reach 5.00 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Social Security Rate is projected to trend around 5.00 percent in 2024, according to our econometric models.

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Armenia Social Security Rate

Related Last Previous Unit Reference
Social Security Rate 5.00 7.00 percent Dec 2022
Social Security Rate For Companies 5.00 3.50 percent Dec 2022
Social Security Rate For Employees 5.00 3.50 percent Dec 2022

Armenia Social Security Rate
In Armenia, 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 Armenia because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 7.00 23.00 5.00 2011 - 2022 percent Yearly