The Social Security Rate For Employees in Armenia stands at 2.50 percent. source: Ministry of Labor and Social Affairs

Social Security Rate For Employees in Armenia averaged 5.25 percent from 2011 until 2020, reaching an all time high of 8 percent in 2012 and a record low of 2.50 percent in 2018. This page provides - Armenia Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Social Security Rate For Employees - values, historical data and charts - was last updated on May of 2021.

Social Security Rate For Employees in Armenia is expected to reach 2.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Social Security Rate For Employees is projected to trend around 10.00 percent in 2021, according to our econometric models.

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Armenia Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 8.00 2.50 2011 - 2020 percent Yearly

Armenia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 18.00 20.00 20.00 18.00 percent [+]
Personal Income Tax Rate 23.00 36.00 36.00 20.00 percent [+]
Sales Tax Rate 20.00 20.00 20.00 20.00 percent [+]
Social Security Rate 5.00 5.00 23.00 5.00 percent [+]
Social Security Rate For Companies 2.50 2.50 15.00 2.50 percent [+]
Social Security Rate For Employees 2.50 2.50 8.00 2.50 percent [+]


Armenia Social Security Rate For Employees
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.