The Social Security Rate in Venezuela stands at 23 percent. source: Instituto Venezolano de los Seguros Sociales

Social Security Rate in Venezuela averaged 24.22 percent from 2004 until 2021, reaching an all time high of 25 percent in 2009 and a record low of 23 percent in 2005. This page provides - Venezuela Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Social Security Rate - values, historical data and charts - was last updated on October of 2021.

Social Security Rate in Venezuela is expected to reach 24.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Social Security Rate is projected to trend around 24.50 percent in 2022, according to our econometric models.

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Venezuela Social Security Rate


Related Last Previous Unit Reference
Social Security Rate 23.00 24.50 percent Dec/21
Social Security Rate For Companies 17.00 19.00 percent Dec/21
Social Security Rate For Employees 6.00 5.50 percent Dec/21
Venezuela Social Security Rate
In Venezuela, 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 Venezuela because they help to pay for many social programs including welfare, health care and many other benefits.