The Social Security Rate For Employees in Bahamas stands at 3.90 percent. source: Ministry of Labour and Immigration

Social Security Rate For Employees in Bahamas averaged 3.69 percent from 2004 until 2020, reaching an all time high of 3.90 percent in 2011 and a record low of 3.40 percent in 2005. This page provides - Bahamas Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Social Security Rate For Employees - values, historical data and charts - was last updated on October of 2021.

Social Security Rate For Employees in Bahamas is expected to reach 3.90 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas Social Security Rate For Employees is projected to trend around 3.90 percent in 2022, according to our econometric models.

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Bahamas Social Security Rate For Employees


Bahamas Last Unit Reference Previous Highest Lowest
Social Security Rate 9.80 percent Dec/21 9.80 9.80 8.80
Social Security Rate For Companies 5.90 percent Dec/21 5.90 5.90 5.40
Social Security Rate For Employees 3.90 percent Dec/21 3.90 3.90 3.40


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