The Social Security Rate in Cameroon stands at 20.40 percent.

Social Security Rate in Cameroon averaged 19.35 percent from 2004 until 2019, reaching an all time high of 20.40 percent in 2016 and a record low of 19 percent in 2005. This page provides - Cameroon Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cameroon Social Security Rate - values, historical data and charts - was last updated on August of 2020.

Social Security Rate in Cameroon is expected to reach 20.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cameroon Social Security Rate is projected to trend around 20.40 percent in 2021, according to our econometric models.

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Cameroon Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.40 20.40 20.40 19.00 2004 - 2019 percent Yearly

Cameroon Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 33.00 33.00 38.50 33.00 percent [+]
Personal Income Tax Rate 38.50 38.50 38.50 35.00 percent [+]
Sales Tax Rate 19.25 19.25 19.25 19.25 percent [+]
Social Security Rate 20.40 20.40 20.40 19.00 percent [+]
Social Security Rate For Companies 16.20 16.20 16.20 16.20 percent [+]
Social Security Rate For Employees 4.20 4.20 4.20 2.80 percent [+]


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