The Social Security Rate For Employees in Jamaica stands at 7.25 percent. source: Ministry of Labour and Social Security

Social Security Rate For Employees in Jamaica averaged 6.65 percent from 2004 until 2021, reaching an all time high of 7.25 percent in 2021 and a record low of 6.50 percent in 2005. This page provides - Jamaica Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Social Security Rate For Employees - values, historical data and charts - was last updated on October of 2021.

Social Security Rate For Employees in Jamaica is expected to reach 6.75 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Social Security Rate For Employees is projected to trend around 6.75 percent in 2022, according to our econometric models.

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Jamaica Social Security Rate For Employees


Jamaica Last Unit Reference Previous Highest Lowest
Social Security Rate 19.50 percent Dec/21 19.25 19.50 18.00
Social Security Rate For Companies 12.25 percent Dec/21 12.25 12.25 11.50
Social Security Rate For Employees 7.25 percent Dec/21 7.00 7.25 6.50


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