The Social Security Rate For Employees in Barbados stands at 11.10 percent. Social Security Rate For Employees in Barbados averaged 10.51 percent from 2009 until 2025, reaching an all time high of 11.10 percent in 2019 and a record low of 10.10 percent in 2010. source: Ministry of Finance

Social Security Rate For Employees in Barbados is expected to reach 11.10 percent by the end of 2025, 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 11.10 percent in 2026, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 5.50 5.50 percent Dec 2025
Personal Income Tax Rate 28.50 28.50 percent Dec 2025
Sales Tax Rate 17.50 17.50 percent Dec 2025
Social Security Rate 23.85 23.85 percent Dec 2025
Social Security Rate For Companies 12.75 12.75 percent Dec 2025
Social Security Rate For Employees 11.10 11.10 percent Dec 2025
Withholding Tax Rate 0.00 0.00 percent Dec 2024



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
11.10 11.10 11.10 10.10 2009 - 2025 percent Yearly