The Social Security Rate in Ecuador stands at 21.60 percent. source: Instituto Ecuatoriano de Seguridad Social

Social Security Rate in Ecuador averaged 21.08 percent from 2012 until 2021, reaching an all time high of 21.60 percent in 2017 and a record low of 20.50 percent in 2013. This page provides - Ecuador Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Social Security Rate - values, historical data and charts - was last updated on December of 2021.

Social Security Rate in Ecuador is expected to reach 21.60 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Social Security Rate is projected to trend around 20.60 percent in 2022, according to our econometric models.

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Ecuador Social Security Rate

Related Last Previous Unit Reference
Social Security Rate 21.60 21.60 percent Dec/21
Social Security Rate For Companies 12.15 12.15 percent Dec/21
Social Security Rate For Employees 9.45 9.45 percent Dec/21
Ecuador Social Security Rate
In Ecuador, 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 Ecuador because they help to pay for many social programs including welfare, health care and many other benefits.