The Social Security Rate in Armenia stands at 0 percent. Armenia Social Security Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate in Armenia averaged 14.44 percent from 2011 until 2019, reaching an all time high of 23 percent in 2012 and a record low of 0 percent in 2017. This page provides - Armenia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate in Armenia is expected to reach 0.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Social Security Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.

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Armenia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 23.00 0.00 2011 - 2019 percent Yearly

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