The Social Security Rate in El Salvador stands at 10 percent. source: Social Insurance Institute

Social Security Rate in El Salvador averaged 10.38 percent from 2009 until 2020, reaching an all time high of 10.50 percent in 2010 and a record low of 10 percent in 2018. This page provides - El Salvador Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. El Salvador Social Security Rate - values, historical data and charts - was last updated on October of 2021.

Social Security Rate in El Salvador is expected to reach 10.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Social Security Rate is projected to trend around 10.50 percent in 2021 and 10.00 percent in 2022, according to our econometric models.

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El Salvador Social Security Rate

El Salvador Last Unit Reference Previous Highest Lowest
Social Security Rate For Employees 3.00 percent Dec/21 3.00 3.00 3.00
Social Security Rate For Companies 7.50 percent Dec/21 7.50 7.50 7.00
Social Security Rate 10.50 percent Dec/21 10.50 10.50 10.00

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