The Social Security Rate in Libya stands at 15 percent. source: Social Security Fund

Social Security Rate in Libya is expected to reach 15.00 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Social Security Rate is projected to trend around 15.00 percent in 2024, according to our econometric models.

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Libya Social Security Rate



Related Last Previous Unit Reference
Social Security Rate For Employees 3.75 3.75 percent Dec 2022
Social Security Rate For Companies 11.25 11.25 percent Dec 2022
Social Security Rate 15.00 15.00 percent Dec 2022

Libya Social Security Rate
In Libya, 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 Libya because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
15.00 15.00 15.00 15.00 2009 - 2022 percent Yearly