The Social Security Rate For Companies in Barbados stands at 12.75 percent. source: Ministry of Finance

Social Security Rate For Companies in Barbados averaged 11.75 percent from 2009 until 2023, reaching an all time high of 12.75 percent in 2019 and a record low of 11.25 percent in 2010. This page provides - Barbados Social Security Rate For Companies- actual values, historical data, forecast, chart, statistics, economic calendar and news. Barbados Social Security Rate For Companies - values, historical data and charts - was last updated on June of 2023.

Social Security Rate For Companies in Barbados is expected to reach 12.75 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Barbados Social Security Rate For Companies is projected to trend around 12.75 percent in 2024, according to our econometric models.

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Barbados Social Security Rate For Companies



Related Last Previous Unit Reference
Social Security Rate For Employees 11.10 11.10 percent Dec 2023
Social Security Rate For Companies 12.75 12.75 percent Dec 2023
Social Security Rate 23.85 23.85 percent Dec 2023

Barbados Social Security Rate For Companies
In Barbados, 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 Barbados because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
12.75 12.75 12.75 11.25 2009 - 2023 percent Yearly